Awfis Space Solutions shares jumped 19% on BSE, logging an intra-day high of ₹428.35 per share following the release of its Q4FY26 results on Monday after market hours. However, at 10:26 AM, the stock pared some gains but was still up 6.7% at ₹383.95 per share. In comparison, the BSE Sensex was up 0.11% at 76,573.46, indicating strong investor interest in the coworking space provider's performance. Shares of Awfis closed 4.53% higher at ₹359.1, giving the company a market capitalisation of ₹2,569 crore, or around $270 million.
The company delivered exceptional Q4FY26 results with consolidated net profit surging 106% year-on-year to ₹23.24 crore from ₹11.23 crore in the corresponding period last year. Revenue from operations grew 20.7% Y-o-Y to ₹2,263.3 crore, while EBITDA increased 31% to ₹152 crore compared to ₹116 crore in the previous year. The EBITDA margin improved to 37% from 34.1% year-on-year, demonstrating enhanced operational efficiency. According to the latest reports, operating EBITDA climbed 37% to ₹550 crore with margin improving to 36.8% and profit before tax stood at ₹72 crore. For the full fiscal year 2025-26, net profit rose to ₹70.85 crore from ₹67.87 crore in the preceding financial year, while total income climbed to ₹1,586.12 crore from ₹1,260.74 crore in FY25.
During FY26, Awfis Space Solutions added 41 new centres and 30,000 operational seats, expanding its signed network to 266 centres with 1,84,000 seats across 18 cities spanning Tier 1 and Tier 2 markets. The company now serves a diversified client base of 3,500 customers across various industries, positioning itself as India's largest and first listed flexible workspace solutions provider. The company reported its highest-ever annual revenue of ₹1,493 crore, up 24% year-on-year, driven by 35% growth in the co-working business. Multi-centre clients made up 48% of Awfis' customer base during the year, reflecting higher demand from companies looking for office space across multiple cities.
According to the latest company disclosure, GCCs and Fortune 500 firms are becoming a growing contributor to Awfis' revenue base, with the company currently serving over 100 GCC clients contributing 23% of rental revenue. The company has added that it currently serves nearly 3,500 customers, with GCCs and Fortune 500 firms becoming a significant revenue driver. GCCs and Fortune 500 companies now contribute a growing share of its business, with these high-value segments driving substantial growth. Additional mandates have already been signed and are expected to go live in the coming quarters, indicating strong future growth potential in these segments.
According to the management statement, "As we enter FY27, the business is in its strongest position yet" with healthy occupancy rates, expanding margins, and industry-leading returns on capital. The company enters the new financial year with "clarity of strategy, depth of execution, and full confidence in what lies ahead" based on its strong operational foundation and committed pipeline of projects. "We have scaled the premium portfolio meaningfully, deepened our GCC enterprise base, built our new adjacencies in transform, delivered industry-leading returns on capital, and stayed net cash positive through it all," said Amit Ramani, chairman & MD, Awfis during the Investors call on Monday. The management highlighted that FY26 was a defining year as the company achieved its highest-ever annual revenue and demonstrated strong operational leverage gains.
