Stock Jumps 19% After Reporting 107% YoY Growth in Q4 Net Profit

Synopsis: The share of this company surged 19 percent after reporting strong Q4 FY26 results, with profit rising 107 percent YoY and EBITDA margins expanding on strong coworking demand and operational leverage.

The shape of this company, which offers Coworking desks, premium cabins, customized managed office spaces (Enterprise Solutions), and flexible mobility solutions, gained investor traction after strong Q4 numbers.

With a market capitalization of Rs 2,742 crore, AWFIS Space Solutions Ltd’s share on Tuesday made a day high of Rs 428.35 per share, up by 19 percent from its previous day’s close price of Rs 359.80 per share. The share of this company has given a negative return of 43 percent over the last year.

Results Overview

QoQ View The total revenue from operations grew by 7 percent to Rs 410 crore in Q4 FY26 from Rs 382 crore in Q3 FY26, and EBITDA grew by 9 percent to Rs 152 crore in Q4 FY26 from Rs 139 crore in Q3 FY26. This was accompanied by a net profit (Profit after tax) growth of 7 percent to Rs 23 crore in Q4 FY26 from Rs 22 crore in Q3 FY26.

YoY View: The total revenue from operations grew by 21 percent to Rs 410 crore in Q4 FY26 from Rs 340 crore in Q4 FY25, and EBITDA grew by 31 percent to Rs 152 crore in Q4 FY26 from Rs 116 crore in Q4 FY25. This was accompanied by a net profit (Profit after tax) growth of 107 percent to Rs 23 crore in Q4 FY26 from Rs 11 crore in Q4 FY25.

Fiscal Year Comparison: The total revenue from operations grew by 24 percent to Rs 1,493 crore in FY26 from Rs 1,208 crore in FY25. Annual EBITDA grew by 37 percent to Rs 550 crore in FY26 from Rs 402 crore in FY25, with the EBITDA margin expanding to 36.8 percent from 33.3 percent in the previous fiscal year. Annual net profit grew by 4 percent to Rs 71 crore in FY26 from Rs 68 crore in FY25, with the PAT margin sitting at 4.7 percent compared to 5.6 percent in FY25.

Robust Q4 Performance

Margin Expansion and Profit Growth: Awfis Space Solutions reported strong profitability growth in Q4 FY26, with operating EBITDA rising 31 percent YoY to Rs 152 crore. EBITDA margins expanded by 290 basis points to 37 percent, supported by operating leverage and mature centres, while profit after tax surged 107 percent YoY to Rs 23 crore.

Strong Operational and Balance Sheet Metrics The company strengthened its operational scale during FY26, expanding to 266 centres with 184,000 seats across 18 cities. Awfis added around 30,000 seats through 41 new centres while maintaining 84 percent mature occupancy, healthy blended occupancy levels, and a strong net cash balance sheet position.

Enterprise and GCC Demand Momentum: Enterprise and multinational companies continued to drive demand, accounting for 64 percent of the company’s clientele base. GCC clients crossed the milestone of 100 customers and contributed nearly 23 percent of rental revenue. In addition, large enterprises represented a significant share even within smaller seat-size categories.

Awfis Space Solutions maintained strong operational performance during FY26 with mature occupancy of 84 percent and blended occupancy of 76 percent. The company also reported a weighted average tenure of 37 months and a 26-month lock-in period, providing stable revenue visibility and improving customer retention across its workspace network.

The company strengthened its premium portfolio with 35 Elite and Gold centres while launching next-generation formats under Gold 2.0 and Awfis 6.0. More than 60 percent of new supply was signed with institutional landlords, and Awfis became the first coworking brand in India to achieve simultaneous 3x WELL Certification.

Commenting on the performance, Amit Ramani said FY26 was a defining year for the company, driven by strong coworking demand, expanding margins, and industry-leading capital efficiency. He added that enterprise and GCC demand, premiumization, and network expansion position Awfis strongly for sustained growth in FY27. 

About the Company

Incorporated in December 2014, Awfis Space Solutions Limited is a workspace solution provider in India. The company provides a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customised office spaces for startups, small and medium enterprises, as well as for large corporates and multi-national corporations.

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