Awfis Space Solutions Limited has informed the Exchange about Transcript
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Awfis Space Solutions reported strong FY26 results with revenue from operations growing 24% YoY to INR 1,493 crores, driven by 35% growth in the coworking segment to INR 1,237 crores. Operating EBITDA surged 37% to INR 550 crores with margins expanding to 36.8%, while PAT before exceptional items rose 66% to INR 71 crores. The company highlighted 5 growth engines: premiumization (35 Gold/Elite centers now), multi-format supply including partial managed office (40-70% pre-anchored demand), GCC demand (100+ clients contributing 23% of rental revenue), organic growth from existing clients, and adjacencies like Transform design-build (third-party revenue grew to INR 152 crores) and Frame furniture. For FY27, management guided 25-27% total revenue growth with coworking at 25-27% and Transform at 22-25%, while maintaining seat additions of 22,000-25,000 at similar capex levels to FY26.
The strong margin expansion and guidance indicate improving profitability trajectory as premium centers mature, though seat addition guidance remains conservative reflecting quality-over-quantity strategy which may limit near-term revenue acceleration.