Awfis Space Solutions Limited announced its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a 26% year-over-year growth in normalized revenue for Q2 FY27, reaching ₹451 crore. Cash EBITDA saw a substantial increase of 45% year-over-year to ₹49 crore, with margins at 10.8%. For the first half of FY27, normalized revenue grew 30% to ₹888 crore, and cash EBITDA increased 40% to ₹93 crore.
Awfis Announces Strong Q2 & H1 FY27 Financial Results
Awfis Space Solutions Limited, a leading flexible workspace solutions provider, has announced its unaudited consolidated financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2027 (FY27), ending September 30, 2026. The company showcased robust performance with significant year-over-year growth across key financial metrics.
Key Financial Highlights
In Q2 FY27, Awfis reported a 26% year-over-year increase in Normalized Revenue from Operations, which stood at ₹451 crore, up from ₹357 crore in Q2 FY26. The company also recorded a substantial 45% year-over-year growth in Cash EBITDA, reaching ₹49 crore in Q2 FY27, with the Cash EBITDA margin at 10.8%. Reported EBITDA for the quarter grew by 31% YoY to ₹174 crore.
For the first half of FY27, Normalized Revenue from Operations climbed by 30% year-over-year to ₹888 crore, compared to ₹682 crore in H1 FY26. Cash EBITDA for H1 FY27 increased by 40% year-over-year to ₹93 crore, with margins at 10.5%. Reported EBITDA for the half-year was ₹336 crore, a 30% YoY increase.
Operational Performance and Strategy
The company highlighted strong demand from large enterprises and GCCs, coupled with its focus on premiumisation and operational efficiency. Co-working revenue experienced a significant uplift, growing 31% YoY in Q2 FY27. Awfis also added 6 new centres in the quarter, expanding its network to 254 centres with approximately 174k seats across 18 cities. Overall portfolio occupancy stood at 76.2%, with centres older than 12 months achieving 84.1% occupancy.
Awfis is focusing on its premiumisation strategy with its Gold and Elite portfolio expanding to 39 centres and strengthening its presence in key cities. The company continues to scale its GCC portfolio, serving over 105 unique GCC clients. Its integrated offerings across co-working, managed offices, and other workplace services position it as a long-term partner for GCCs.
Looking ahead, Awfis aims to achieve a Cash EBITDA target of ₹190–200 crore for the full year FY27, driven by increased occupancy, client renewals, and capital-efficient supply models.
Source: BSE
