Awfis Space Solutions Limited reported steady operational and financial performance in the third quarter of FY26, supported by continued demand from enterprise customers and global capability centres (GCCs), ongoing network expansion, and operating leverage from a maturing portfolio.
The flexible workspace solutions provider reported operating revenue of Rs 382 crore in Q3 FY26, marking a 20% year-on-year increase from Rs 318 crore in the corresponding quarter last year, according to filings with the NSE. Revenue growth was driven primarily by the co-working and allied services segment, which rose 32% year-on-year to Rs 322 crore and accounted for about 84% of total operating revenue during the quarter. The construction and fit-out projects segment contributed Rs 60 crore. Including other income of Rs 29 crore, Awfis’ total income for the quarter stood at Rs 411 crore. Operating EBITDA for the quarter rose 30% year-on-year to Rs 139 crore, with margins expanding by 270 basis points to 36.5%, reflecting scale efficiencies, a higher share of mature centres, and improved operating leverage.
Commenting on the results, Amit Ramani, Chairman and Managing Director, Awfis Space Solutions Limited, said, “We are pleased to report a strong operational and financial performance during Q3 FY26, driven by sustained demand across enterprise and GCC clients, disciplined execution, and the continued strength of our capital-efficient expansion strategy.”
On the cost side, other expenses remained the largest cost component during the quarter, while depreciation stood at Rs 99 crore, followed by employee benefits expenses of Rs 36 crore. Finance costs, subcontracting expenses, and other overheads together took total expenses to Rs 389 crore in Q3 FY26, compared with Rs 317 crore a year earlier. For the nine months ended December 31, 2025, Awfis reported operating revenue of Rs 1,083 crore, a year-on-year growth of about 25% compared with Rs 868 crore in the same period last year. Operating EBITDA for the nine-month period rose 39% year-on-year to Rs 398 crore, with margins expanding by 373 basis points to 36.7%.
About Awfis Space Solutions Limited
Awfis Space Solutions Limited has been founded in 2015 by Amit Ramani. Awfis provides coworking, customized enterprise offices, and mobility solutions to startups, SMEs, and large corporations. They provide a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces.