Highlights
Awfis Financial Results: Second Quarter Performance in FY26
Co-working solutions provider Awfis has announced its financial outcomes for the second quarter of FY26, showcasing a remarkable 25% year-on-year revenue growth, while experiencing a profit reduction of nearly 60%. The operational revenue for the company increased by 25.5% year-on-year, reaching Rs 366.86 crore in Q2 FY26 compared to Rs 292.38 crore during the same quarter the previous year, as reported in its financial statement acquired from NSE.
Founded in 2015, Awfis delivers flexible office solutions tailored for startups, SMEs, and large corporations. The company also provides a range of amenities including food and beverage services, IT support, and essential infrastructure solutions.
Revenue Breakdown of Awfis
The co-working spaces segment continues to be the most significant part of Awfis, accounting for 81% of its overall revenue. This sector saw an impressive growth of 36%, amounting to Rs 297.4 crore in Q2 FY26, a rise from Rs 218.3 crore in Q2 FY25. Additionally, the construction and fit-out projects segment brought in Rs 69.45 crore, and other income contributed Rs 26.11 crore, summing the total income for the quarter to Rs 393 crore.
Expense Insights
On the expense side, depreciation emerged as the highest cost, amounting to Rs 95 crore, which reflects a 47% increase from Q2 FY25. Finance costs surged 55%, reaching Rs 47 crore, while expenses related to employee benefits saw a decline of 16%, totalling Rs 33 crore. Subcontracting expenses remained consistent at Rs 56.28 crore. Consequently, the company’s total expenses rose by 31% year-on-year to Rs 376.64 crore in Q2 FY26, compared to Rs 287.29 crore in Q2 FY25.
As the increase in total expenses outpaced revenue growth—primarily due to elevated depreciation, amortization, and finance costs—the firm’s net profit fell by almost 60% year-on-year, reducing to Rs 16 crore in Q2 FY26 from Rs 38.6 crore in Q2 FY25.
In the stock market, Awfis shares experienced a nearly 5% increase, concluding the day at Rs 637.1, which elevated the company’s market capitalisation to Rs 4,555.84 crore by the close of trading.