Earnings Call Transcript is attached herewith.
AWFIS · price
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Awfis Space Solutions reported strong FY26 results with consolidated revenue of INR 1,493 crores (up 24% YoY) and coworking segment revenue of INR 1,237 crores (up 35% YoY). Operating EBITDA grew 37% to INR 550 crores with margins expanding 350 basis points to 36.8%. PAT before exceptional items grew 66% to INR 71 crores. The company added 30,000 gross seats across 41 new centers in FY26, with 100% in Grade A/A+ assets, and now operates 250 centers with approximately 167,000 seats across 18 cities. GCC clients contribute approximately 23% of rental revenues. The company maintains a net cash position with ROCE sustained at 60%+. For FY27, management guided coworking segment growth of 25-27% and Transform segment growth of 22-25%.
Strong execution with margin expansion and premiumization strategy is driving better realization per seat. The focus on quality over quantity in seat additions may moderate headline growth but improves per-seat economics. FY27 guidance of 25-27% revenue growth signals continued momentum.