Special Consumer Services company Awfis Space Solutions announced Q1FY26 results Revenue from Operations Rs 335 crore +30%. Operating EBITDA: Rs 127 crore for Q1FY26, change 60% YoY. EBITDA margin: 37.8% for Q1FY26. PBT: Rs 10 crore for Q1FY26, change 2.6x. PBT Margin: 3.0% for Q1FY26. Q1FY26 reported PAT Rs 10 crore vs Rs 3 crore in Q1FY25 Amit Ramani, Chairman & Managing Director, said: “We are pleased to report a strong start to FY26, with revenue at Rs 335 crore, reflecting a 30% YoY growth. Our Operating EBITDA margin expanded by 710 basis points to 37.8%, driven by robust revenue growth, deeper enterprise penetration, expanding allied services, and a continued focus on operating efficiencies. Operationally, our momentum remains strong, with a 40% YoY growth in operational seat capacity, underscoring the strength and scalability of our expansion strategy. Our enterprise segment remains a key growth driver, with strong demand from first-time mid-sized GCC entrants and continued expansion by existing clients. As a result, our 100+ seat cohort now contributes 59% of our total portfolio, reinforcing the stickiness and scale of our enterprise relationships. 100% of the new Centres signed between June 2024 and June 2025 are located in Grade A assets, clearly reflecting our intent to cater to a discerning clientele and build a future-ready, high-quality workspace portfolio. Our Tier 2 city presence has grown by ~25%, underlining our success in scaling beyond metro hubs and capturing value in emerging locations. Since June’24, our total MA seat capacity has grown by 32%, and MA Centres by 23%, driven by growing landlord confidence and access to quality Grade A supply. As guided, our near-term focus has been on optimising the expanded capacity from FY25. Occupancies stood at 84% for Centres with 12+ months of vintage and 73% overall, reflecting healthy absorption trends. In the second half, we plan to resume strategic expansion in high-potential micro-markets to capture demand and enhance returns. With a solid foundation, increasing institutional trust, and a clear execution focus, we remain confident in our ability to sustain profitable growth. Our integrated ecosystem — spanning coworking, allied services, and design & build — positions us strongly for long-term leadership in the flexible workspace industry.” Result PDF
Conference Call with Awfis Space Solutions Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Special Consumer Services company Awfis Space Solutions announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: FY25 reported strong Operating Revenue of Rs 1,208 crore, growth of 42% YoY Operating EBITDA margin for FY25 is 33.3%, improved by 440 bps on YoY basis, on back of strong revenue growth, occupancy improvement, Enterprise clients, Allied services and operating efficiencies In FY25, reported PBT (excl. Exceptional Items) is Rs 44 crore vs loss of Rs 18 crore in FY24 Exceptional Item includes sale of Facility Management business (“Awfis Care”) FY25 Financial Highlights: Q4FY25 reported strong Operating Revenue of Rs 340 crore, growth of 46% YoY Operating EBITDA margin for Q4FY25 is 34.1%, improved by 520 bps on YoY basis, on back of strong revenue growth, Enterprise clients, Allied services and operating efficiencies In Q4FY25, reported PBT (excl. Exceptional Items) is Rs 12 crore vs PBT of Rs 1 crore in Q4FY24 Commenting on the results, Amit Ramani, Chairman and Managing Director, Awfis Space Solutions, said: “I am pleased to share that we have successfully achieved our FY25 guidance, delivering revenue growth of over 30%. Our revenues rose by 42% year-on-year, reaching Rs 1,208 crore in FY25. Additionally, operational EBITDA grew by 64% during this period to Rs 402 crore, resulting in an EBITDA margin of 33.3%. This represents an expansion of over ~440 bps compared to FY24, exceeding our initial expectations. We delivered on our commitment to reach the targeted 135K operational seats by March 2025. Since March 2024, we have added 39K+ seats and 48 centers, bringing our total to 134K+ seats across 208 operational centers. Including fit-outs and LOIs, we now have around 164K seats covering 8.4 million square feet. Our asset-light, risk-averse Managed Aggregation (MA) model remains at the core of our strategy, with 67% of seats and 64% of centers aligned under this approach to maximize returns on investment. We have strengthened our client base with marquee names like the National Stock Exchange (NSE) and several GCCs, while also onboarding three prominent global organizations at our premium centers in Hyderabad, reinforcing our position as the preferred partner for forward-looking businesses. As part of expanding our service categories, we have partnered with ECOS (India) Mobility & Hospitality Limited to offer premium chauffeur-driven and employee transportation services, addressing the growing demand for reliable, secure, and cost-efficient corporate mobility solutions. Looking ahead to FY26, our strategy will have two phases. In the first half, we will focus on optimizing our expanded capacity from FY25, driving strong occupancy and efficiency. In the second half, we will prioritize strategic capacity expansion, targeting high-potential locations to capture emerging demand and maximize returns. Together, these steps will position us for sustained, profitable growth.” Result PDF