Awfis Space Solutions reported a 20% year-on-year revenue increase to Rs.382 crores in Q3 FY26, with EBITDA rising by 30% to Rs.139 crores. Occupancy reached 75%. The company added 8,000 new seats, totaling 152,000. Looking ahead, the company has signed LOIs for 11 new centers and anticipates a steady growth trajectory, driven by flexible workspace adoption and enterprise demand.
Financial Performance Highlights
Awfis Space Solutions demonstrated strong financial results for Q3 FY26:
- Revenue grew by 20% year-on-year to Rs.382 crores.
- EBITDA increased by 30% to Rs.139 crores, with margins expanding by 270 basis points.
- Co-working and allied services segment rose 32% year-on-year to Rs.322 crores, contributing 84% of total revenue.
- PAT excluding exceptional items stood at Rs.22 crores.
- Normalized operating EBITDA stood at Rs.55 crores, a growth of 18% year-on-year.
Operational Highlights and Expansion
Awfis continues to expand its footprint and enhance its offerings:
- Added 8,000 new seats in Q3 FY26, reaching a total capacity of 152,000 operational seats across 232 centers as of December 2025.
- Total capacity now stands at 177,000 seats across 257 centers, covering 8.6 million square feet.
- Tier-2 seat capacity grew by 16% year-on-year.
- Signed contracts for 15,000-plus new seats in Q3 FY26.
- Occupancy level is at 75%.
Strategic Focus and Outlook
Awfis is focused on the following strategic priorities:
- Strengthening Pan-India presence with a focus on Grade-A buildings.
- Catering to the growing demand from GCCs (Global Capability Centers).
- Building the most agile and future-ready workspace ecosystem.
- Enhancing customer experience through technology and superior design.
Looking ahead, the company has a pipeline with signed LOIs for 11 new centers, adding approximately 11,000 seats.
GCC and Enterprise Traction
GCCs (Global Capability Centers) are a significant demand driver for Awfis:
- Currently, 80-plus GCCs are within the Awfis ecosystem.
- 500-plus seats clients contribute to 36% of the portfolio.
- Closed 12 deals with GCCs and has 11 more lined up to go live by June 2026.
Source: BSE
