Special Consumer Services company Awfis Space Solutions announced Q3FY26 results Q3FY26 reported strong Operating Revenue of Rs 382 crore, growth of 20% YoY, supported by robust 32% YoY growth in Coworking and allied services. Operating EBITDA grew by 30% YoY to Rs 139 crore, with Operating EBITDA margins expanded by 270 bps to 36.5%, reflecting improved scale efficiencies, a higher share of mature centres, and operating leverage. Q3FY26 PAT (excluding exceptional Item) stood at Rs 22 crore, growth of 52% YoY. Amit Ramani, Chairman & Managing Director, Awfis Space Solutions, said: “We are pleased to report a strong operational and financial performance during Q3 FY26, driven by sustained demand across enterprise and GCC clients, disciplined execution, and the continued strength of our capital-efficient expansion strategy Strong Financial Performance: Revenue for the Q3FY26 grew 20% YoY to Rs 382 crore, supported by robust growth of 32% YoY in Co-working & Allied Services segment, with Operating EBITDA rising 30% to Rs 139 crore. EBITDA margin expanded to 36.5%. This translated into improved profitability, with PBT for the quarter rising to Rs 22 crore, driven by scale efficiencies, a higher share of mature centres, and operating leverage. This is also reflected in stronger capital efficiency, with annualized ROCE at 66% and ROE at 17%. Continued Network Leadership: During the quarter, we added 10 new centres, expanding our network to 257 centres with ~177K seats across 18 cities spanning Tier 1 and Tier 2 markets, and serving a diversified client base of around 3.4K customers. Awfis maintains a deep and high-quality Managed Aggregation (MA) pipeline, which remains central to our capital efficient expansion strategy. Around 62% of our signed supply is under the MA model, enabling faster scalability with superior ROCE. The strong pipeline of 8 lakh sq. ft. across prime micro-markets, providing strong growth visibility while preserving balance sheet efficiency. Evolving Demand Dynamics: We continue to see strong traction across client cohorts, supported by a diversified industry mix and rising multi-centre adoption. Multi-centre clients now account for around 46% of the client base, reflecting deeper client relationships and growing pan-India mandates. Occupancy remains healthy, supported by a favourable seat cohort mix, with the 500+ seat cohort representing 36% of the total portfolio, highlighting the maturity, stability, and stickiness of our enterprise client base. GCCs - A significant Growth Driver: Our GCC portfolio is constantly growing with 80+ unique GCC client base and a 21% rental revenue share with additional GCCs already signed and going live in the upcoming quarters, supported by our expanding footprint in premium locations and a differentiated Managed Office offering. The increasing share of Gold and Elite centres has further enhanced our ability to serve large enterprises and GCCs with scalable, compliant, and high-quality workspace solutions. Looking ahead, industry tailwinds remain favourable, supported by sustained office leasing momentum, increasing enterprise preference for flexible and managed workspace solutions, and continued expansion of GCCs across Tier 1 and Tier 2 markets. Awfis’ scale, operational expertise, capital-efficient MA model, and growing presence in premium locations position us well to capture demand across client cohorts and deliver sustained, profitable growth.” Result PDF