Awfis Space Solutions Limited has informed the Exchange about Presentation
AWFIS · price
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Awfis Space Solutions reported Q1 FY26 revenue of ₹335 crore, up 30% year-on-year, with operating EBITDA of ₹127 crore and a 37.8% margin — an expansion of 710 basis points YoY. Profit after tax grew 2.6x to ₹10 crore, while annualised ROCE improved to 67% from 62% in FY25. The company expanded its network to 232 centres across 18 cities (including 9 Tier 2 cities) with 155,000+ total seats, reflecting 40% YoY growth in operational seat capacity. 100% of new centres signed between June 2024 and June 2025 are in Grade A assets, and 64% of total seats are under the asset-light Managed Aggregation (MA) model. Blended occupancy stood at 73% overall (84% for centres with 12+ months vintage), and the company disclosed a forward pipeline of 165K seats, 246 centres, and 8.3 Mn sq ft including signed Letters of Intent. Fitch upgraded its credit rating from A to A+ with a stable outlook.
This is a strong quarter for shareholders, with robust revenue growth, sharp margin expansion of 710 bps, and a meaningful improvement in capital efficiency. The healthy occupancy, Grade A asset focus, and growing Tier 2 presence point to sustained momentum, though investors should note the large IndAS 116 lease accounting impact (IGAAP-equivalent EBITDA margin is a more modest 14.5% vs 11.5% YoY).