Results · Professional & Local Services

Awfis posts Rs 382 crore revenue in Q3 FY26

By Startup Enthusiast · 2 February 2026

What they do

Awfis operates co-working spaces and fit-out projects across 18 cities

Q3 FY26 operating revenue was Rs 382 crore, up 20% year-on-year, with profit of Rs 21.6 crore

Co-working revenue grew 32% to Rs 322 crore, while construction revenue fell 18%

Awfis reported operating revenue of Rs 382 crore for Q3 FY26, a 20% year-on-year growth.
Profit after tax was Rs 21.6 crore, up about 43% from the same quarter last year.
Total income including other income stood at Rs 411 crore.
Operating EBITDA was Rs 139 crore, up 30% year-on-year, with a margin of 36.5%.
Revenue from co-working and allied services was Rs 322 crore, making up 84% of operating revenue and growing 32% year-on-year.
Revenue from construction and fit-out projects was Rs 60 crore, down 18% year-on-year.
Total expenses rose 23% year-on-year to Rs 389 crore.
The company added 10 centres in the quarter, taking the total to 257 centres across 18 cities.

Awfis's co-working revenue growth outpaces its overall revenue growth, showing strong demand for flexible office space.
The decline in construction revenue suggests a shift in focus toward core co-working operations.
Occupancy stood at 85% with 1.52 lakh seats occupied, indicating healthy utilisation.
Multi-centre clients make up 46% of the client base, showing stickiness and expansion.
Awfis serves 80+ GCC (global capability centre) clients, contributing 21% of rental revenue.

Awfis is a co-working space provider offering flexible office solutions.
It operates 257 centres across 18 cities in India.
The company has about 1.77 lakh seats and a portfolio area of 8.6 million sq ft.
Revenue comes from co-working and allied services (84% of operating revenue) and construction and fit-out projects.
It serves a diverse client base including GCCs and multi-centre clients.