Results · Professional & Local Services
Awfis posts ₹24 Cr net profit in Q1 FY27
By Startup Enthusiast ·
- Date
- Company
- Awfis
- What it does
- Flexible workspace provider
- Kind
- Results
- Amount
- ₹24 Cr
- Stage
- public
What they do
Awfis operates co-working and managed office spaces across 18 Indian cities
What happened
Q1 net profit jumped 140% YoY to ₹24 Cr; revenue rose 26.9% to ₹424.9 Cr
Why it matters
The company added 7 centres and plans 8 more in the next quarter
The details
- Awfis announced its Q1 FY27 results for the quarter ended June 2026.
- Net profit was ₹24 Cr, up 140% from ₹10 Cr in Q1 FY26.
- Profit after tax rose 3.4% sequentially from ₹23.2 Cr in Q4 FY26.
- Operating revenue reached ₹424.9 Cr, a 26.9% YoY increase.
- Revenue grew 3.6% sequentially from ₹410.1 Cr in the previous quarter.
- Rent and allied services contributed ₹351.5 Cr to revenue.
- The Transform vertical generated ₹73.4 Cr, growing 25% YoY.
- EBITDA was ₹162 Cr, up 28% from ₹127 Cr a year ago.
The bigger picture
- EBITDA margin improved slightly to 38.2%, up 4 basis points.
- Awfis added 7 new centres and over 5,000 seats in the quarter.
- It exited 3 centres (about 1,800 seats) as part of portfolio optimisation.
- The company plans to add 8 more centres and over 7,000 seats next quarter.
About the business
- Awfis provides flexible co-working and managed office spaces.
- It operates 251 centres across 18 Tier-1 and Tier-2 cities in India.
- Total supply is 8.4 million sq ft with 170,000 seats.
- It serves over 100 GCC (Global Capability Centre) clients, contributing 24% of rental revenue.
- The Transform vertical handles workplace design and build; 92% of its business comes from third parties.
- Transform mandates won are worth over ₹200 Cr.
- Revenue comes from rent, allied services, and project-based Transform contracts.
What happens next
- Awfis plans to add 8 more centres and over 7,000 seats in the next quarter.
- The board reappointed Protiviti India Members Pvt Ltd as statutory auditor.
- Abhishek Poddar (MD of MB Group) was recommended as a non-executive independent director.
The deal
- Type
- results
Founders
- Amit Ramani, Managing Director and Chairperson
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