Awfis Reports Impressive Q2 FY27 Financial Results
Awfis has revealed its Q2 FY27 financial results, showcasing a remarkable 20% year-on-year increase in operating revenue. The company’s net profit nearly doubled, reaching Rs 30.8 crore for the quarter that concluded in September 2026.
Revenue Growth and Financial Performance
Based in Delhi, Awfis reported that its revenue from operations soared to Rs 439 crore in Q2 FY27, up from Rs 367 crore during the same quarter the previous year. This information is supported by financial statements retrieved from the NSE. Additionally, other income added Rs 25.6 crore, bringing Awfis’ total income for the quarter to Rs 464.3 crore.
For the first half of FY27, Awfis achieved a 23% year-on-year revenue increase, amounting to Rs 863.6 crore compared to Rs 701.6 crore in the same period last year.
Co-Working Spaces Drive Revenue
Co-working spaces remained Awfis’ primary source of revenue, contributing over 83% to its operating revenue. Revenue from this segment grew by 22% year-on-year, reaching Rs 363.6 crore in Q2 FY27, up from Rs 297.4 crore during the same period last year. In addition, its construction and fit-out projects yielded Rs 75.2 crore in revenue for the quarter.
Expenditure Breakdown
Examining expenses, depreciation on leases constituted Awfis’ largest cost, rising by 25% year-on-year to Rs 119 crore. Costs associated with subcontracting were noted at Rs 59.7 crore, while employee benefit expenses remained unchanged at Rs 32.7 crore. Finance costs and other operating overhead expenses drove total costs to Rs 433 crore in Q2 FY27, up from Rs 377 crore in the corresponding quarter last year.
Profit Growth
The significant growth in revenue enabled Awfis to nearly double its net profit, increasing it to Rs 30.8 crore in Q2 FY27 from Rs 16 crore in the same quarter last year. Sequentially, Awfis’ revenue from operations was stable at Rs 438.7 crore, compared to Rs 424.9 crore in Q1 FY27, while net profit saw a 28% jump from Rs 24 crore in the preceding quarter.
Stock Market Performance
At the close of today’s trading session, Awfis’ stock was recorded at Rs 241.2, establishing a market capitalization of Rs 1,726 crore, which is approximately $182 million.