AWFIS Space Solutions delivered exceptional financial performance in the quarter ended June 2026, with consolidated net profit rising 140.08% to ₹24 crore compared to ₹10 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this represents a significant improvement in the company's bottom-line performance during the first quarter of FY27. The latest data confirms the company achieved a 140% increase in net profit to ₹24 crore, demonstrating remarkable growth momentum driven by sustained demand for flexible workspaces from enterprises and Global Capability Centres (GCCs).
The company's sales revenue increased 27% to ₹425 crore in Q1 FY27, up from ₹334.70 crore in the same quarter last year, with revenue also up 4% sequentially from ₹410 crore in Q4 FY26. As reported by ETRealty, the consolidated total income increased 27.1% to ₹448.87 crore during the quarter, while reported EBITDA grew 28% to ₹162 crore with an EBITDA margin of 38.2%, improved from 37.8% a year earlier. The profit before tax (PBT) rose 135% to ₹24 crore, reflecting robust operational performance across all profitability metrics.
The company significantly expanded its footprint during the quarter, adding seven new centres to reach a total network of 251 centres with approximately 1.70 lakh seats across 18 cities. As reported by ETRealty, the company now serves nearly 3,600 clients and maintains strong occupancy metrics with centres operational for more than 12 months at 83% occupancy and overall portfolio occupancy at 76%. This expansion strategy has enabled the company to capture growing demand across multiple markets effectively, with the company currently having 37 Gold and Elite centres and expecting new premium inventory to command pricing 30-50% higher than its existing portfolio.
The company's diversified revenue streams showed strong performance across segments. Co-working revenue grew 27% during the quarter, with revenue from co-working space on rent and allied services rising 27% to ₹352 crore in Q1 FY27 from ₹276 crore a year earlier, supported by demand from enterprises, global capability centres and multi-centre clients. The transform business, which provides construction and fit-out solutions, grew 25% year-on-year, with revenue from construction and fit-out projects increasing 25% to ₹73 crore, supported by projects from enterprises and global capability centres. AWFIS currently serves more than 100 GCC clients, which contribute approximately 24% of rental revenue, demonstrating the company's strong positioning in the enterprise segment.
The company demonstrated strong financial health with a return on capital employed of 55% and net debt-to-equity ratio of minus 0.08, indicating a net cash position. As reported by ETRealty, cost of borrowing declined to 9.05% with incremental borrowing cost at 8.5%, while fixed asset turnover stood at 1.5 times. The company's profit before tax was ₹24 crore and profit before depreciation and tax (PBDT) increased 39% to ₹137.58 crore from ₹98.90 crore in the corresponding quarter last year. The company's Transform business has already won projects worth more than ₹200 crore, with third-party revenue accounting for 92% of the business, reflecting its capital-light business model that has been funded primarily through internal accruals since its initial public offering.
