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Co-working solutions provider Awfis has released its results for Q4 FY26 on Monday. Awfis has experienced a substantial 21% year-on-year growth in operating revenue during this quarter, surpassing Rs 400 crore, while profits have also doubled in the same timeframe.The financial statements sourced from the NSE reveal that the Delhi-based company’s revenue from operations rose to Rs 410.1 crore in Q4 FY26, increasing from Rs 339.6 crore in the corresponding quarter last year. Additional income added Rs 19 crore, culminating in a total income of Rs 429 crore for the quarter. For the complete financial year FY26, Awfis achieved a 24% year-on-year increase in revenue, rising to Rs 1,493 crore as compared to Rs 1,208 crore in FY25, with the net income remaining stable at Rs 71 crore. Co-working spaces have been instrumental as the main revenue driver, responsible for over 83% of the total operating revenue. Revenue from this segment saw an increase of 26.8% year-on-year, reaching Rs 341.5 crore in Q4 FY26, up from Rs 269.3 crore in the same quarter last year. In addition, the construction and fit-out projects segment contributed Rs 68.6 crore during this quarter.Regarding expenses, depreciation on leases emerged as the largest cost for Awfis, amounting to Rs 100.8 crore, followed by subcontracting costs at Rs 56 crore. Employee benefits expenses were recorded at Rs 31.3 crore. Finance costs and other operational overheads escalated total expenditure to Rs 405.6 crore in Q4 FY26, compared to Rs 347.5 crore in the previous year’s quarter.The impressive revenue growth enabled Awfis to more than double its profits to Rs 23.2 crore in Q4 FY26, up from Rs 11.2 crore in the same quarter last year. By the end of today’s trading session, Awfis’ shares were valued at Rs 359.1, giving the company a market capitalisation of Rs 2,569 crore (approximately $270 million).
