Awfis Space Solutions has announced a robust performance for FY26, marking its highest-ever annual revenue of Rs. 1,493 Cr, a 24% YoY growth. The company saw a 37% YoY increase in operating EBITDA to Rs. 550 Cr and achieved an industry-leading ROCE of 60%. This growth was driven by a significant expansion in its network, which now comprises 266 centres and 184K seats across 18 cities, serving 3.5K+ clients.
FY26 Financial Highlights
The company achieved a defining year with its highest-ever annual revenue of Rs. 1,493 Cr, bolstered by a 35% YoY growth in its core co-working business. Operating EBITDA reached Rs. 550 Cr with margins expanding to 36.8%, while profit before tax (PBT) stood at Rs. 72 Cr. The strong fiscal outcome underscores the company’s capital efficiency and disciplined operational execution.
Strategic Network Expansion
During FY26, Awfis added 41 new centres and 30K operational seats to its portfolio. The network now spans 266 centres with a total of 184K seats across 18 Tier 1 and Tier 2 cities. The company continues to maintain a healthy mature occupancy rate of 84%, reflecting the stability and stickiness of its enterprise-led demand base, particularly among GCCs and Fortune 500 companies.
Focus on GCC and Enterprise Demand
Global Capability Centres (GCCs) have become a structural growth engine for Awfis. The company currently serves over 100 unique GCC clients, who contribute 23% of total rental revenue. With 13 large mandates already in the pipeline and a clear leadership position in the micro and nano GCC segments, the company is well-positioned to capture demand from first-time entrants scaling their operations in India.
Diversified Growth Engines
Beyond its core flexible workspace offering, Awfis is successfully scaling its ‘Awfis Transform’ and ‘Frame by Awfis’ businesses. The D&B business has emerged as a core revenue pillar, with third-party revenue growing to Rs. 152 Cr in FY26. By leveraging its ‘Butterfly Effect’ strategy—where flex relationships convert into design and build mandates—the company continues to capture a greater share of its clients’ total real estate spending.
Future Outlook
Entering FY27, the business occupies its strongest position to date. The company remains committed to a capital-light supply strategy, continuing to prioritize Grade A/A+ assets. With a deep pipeline and an industry-leading ROCE of 60%, Awfis is focused on maintaining high occupancy, expanding margins, and delivering sustainable, long-term value.
Source: BSE
