Awfis posts record ₹1,493 cr revenue as profit outpaces the top line
Co-working grew 35%, lifting full-year revenue to ₹1,493 crore. Net profit jumped 66% as margins expanded.
— 4 earlier stories on Awfis Space Solutions Ltd. →What's new
- FY26 revenue hit a record ₹1,493 crore, a 24% increase driven by 35% growth in co-working.
- Operating EBITDA rose 37% to ₹550 crore, with the margin expanding to 36.8%.
- Net profit grew 66% to ₹71 crore. The network added 41 centres and 30,000 seats.
Why this matters
Profit is growing faster than revenue. The 66% net profit jump on 24% revenue growth shows costs are not scaling as fast as the top line. A 60% return on capital employed indicates the expansion is generating strong returns.
What we're watching
- Whether the 35% co-working growth rate can be sustained as the revenue base gets larger.
- The revenue yield per new seat added in FY26.
- How margins evolve as the company enters more cities.
The full read
Awfis Space Solutions' best year was driven by its co-working business, which grew 35% to push overall revenue to a record ₹1,493 crore, up 24%. But the profit picture is sharper. Operating EBITDA rose 37% to ₹550 crore, the margin widened to 36.8%, and net profit jumped 66% to ₹71 crore. The gap between revenue and profit growth points to improving cost dynamics as the network scales. Awfis added 41 centres and 30,000 seats, bringing its total to 266 centres in 18 cities. The 60% ROCE indicates those new seats are deploying capital effectively. The core financials were already disclosed; this release adds operational detail but no surprise.
Questions answered
- What drove Awfis's revenue growth in FY26?
- The co-working business grew 35%, outpacing the overall 24% company growth. The company also expanded its physical network, adding 41 centres and 30,000 seats.
- Why did net profit grow so much faster than revenue?
- Net profit grew 66% on 24% revenue growth, and EBITDA margins widened to 36.8%. This suggests the company's costs are growing more slowly than its sales, boosting profitability.
- What is the scale of Awfis's network now?
- The company ended FY26 with 266 centres across 18 cities, up from 225 centres before adding the 41 new locations during the year.
- What does a 60% ROCE mean for the business?
- A 60% return on capital employed indicates the company is generating strong financial returns from the money it has invested in its network. It is a measure of capital efficiency.
Awfis Space Solutions Ltd.
Latest quarter · Dec 2025
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All notes on AWFIS →- 25 May 2026 · 5:26 PM IST Awfis posts record ₹1,493 cr revenue as profit outpaces the top line
- 41d ago Awfis Space Solutions reports FY26 results with no new surprises
- 42d ago Awfis cuts FY27 seat growth by a third, closes 8,000 seats it never mentioned before
- 42d ago Awfis posts steady FY26 growth, secures preliminary ₹80 cr credit line
- 46d ago Awfis faces ₹6.53 cr tax notice, but it's just 0.28% of market cap