Awfis Reports Strong Financial Growth in Q1 FY26

Awfis, a prominent co-working solutions provider, has released its financial results for the first quarter of FY26, showcasing significant growth in revenue and over tripling its profit compared to the first quarter of the previous year. The company’s revenue from operations saw a year-on-year increase of 30%, reaching Rs 335 crore in Q1 FY26, up from Rs 258 crore in the same period last year, as per financial statements sourced from NSE.

Additionally, other income contributed Rs 18 crore, bringing the total income for the quarter to Rs 353 crore. However, the firm experienced a slight quarterly decline, with revenue decreasing by 1.5% from Rs 340 crore in Q4 FY25.

About Awfis

Established in 2015, Awfis specializes in offering office spaces for startups, SMEs, and large enterprises, along with various services including food and beverages, IT support, and infrastructure solutions.

Revenue Breakdown

The co-working spaces segment remained the largest contributor, growing by 49% to Rs 276 crore in Q1 FY26, compared to Rs 185 crore in Q1 FY25. The construction and fit-out projects generated Rs 58 crore, while other services contributed Rs 1 crore to the overall revenue for Q1 FY26.

Expenses Overview

On the expense front, depreciation was the largest expenditure, recorded at Rs 86 crore. Meanwhile, employee benefit expenses decreased to Rs 30 crore, and subcontracting expenses fell by 15% year-on-year to Rs 47 crore. Finance costs totaled Rs 46 crore, raising the total cost to Rs 343 crore in the prior quarter.

Profit Surge

Thanks to consistent growth and managed expenses, Awfis’ profit soared 3.5 times to Rs 10 crore in Q1 FY26, significantly up from Rs 2.8 crore in Q1 FY25.

Stock and Market Capitalization

The company has granted 136,777 Employee Stock Options, currently valued at Rs 7.6 crore, under its 2024 Employee Stock Option Scheme. Additionally, Awfis’ stock is trading at Rs 557 (as of 16:12 PM) with a total market capitalisation of Rs 3,971 crore (approximately $453 million).