The company's net profit reached Rs 31 crore on operational revenue of Rs 439 crore, pushing its total market capitalisation to around Rs 1,839 crore. Operational gains were supported by mature centres recording an occupancy rate of 84.1% alongside the sale of over 25,000 seats in the first half of the fiscal year. Meanwhile, Awfis secured a notable mandate in Chennai to house more than 1,000 full-time personnel for a Fortune 500 company's global capability centre. This operational growth occurred alongside institutional selling, with domestic mutual funds lowering their stake to 32.82%.
Key points
The provider successfully sustained a net debt-to-equity ratio of -0.1x by running roughl…: The provider successfully sustained a net debt-to-equity ratio of -0.1x by running roughly 57% of centres on a landlord-funded fit-out model.
Enterprise market expansion gained significant traction through a major deal covering mor…: Enterprise market expansion gained significant traction through a major deal covering more than 1,000 enterprise seats for a Fortune 500 GCC in Chennai.
Institutional investors engaged in profit-taking during the September quarter as both for…: Institutional investors engaged in profit-taking during the September quarter as both foreign institutional and mutual fund holdings registered declines.
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Awfis Space Solutions Ltd., one of India's largest flexible workspace providers, reported revenue from operations of Rs 439 crore in Q2FY27, up from Rs 367 crore in the corresponding quarter last year, registering a growth of 20%.
The company's net profit nearly doubled to Rs 31 crore in the September quarter, compared with Rs 16 crore in Q2FY26, marking a 94% YoY increase.
Awfis Space Solutions key operational highlights
The company reported strong business momentum during the first half of FY27, with more than 25,000 seats sold, reflecting sustained demand for flexible workspaces.Awfis added six new centres during the September quarter, taking its total network to 254 centres with approximately 1.74 lakh seats across 18 cities. The company now serves a diversified client base of more than 3,700 companies.
Overall portfolio occupancy stood at 76.2%, while centres with more than 12 months of operational history recorded higher occupancy of 84.1%.
The company highlighted several operational developments
Premium workspace expansion: All new supply was added in Grade A and A+ properties, with centres strategically located in high-demand micro-markets.Enterprise-led demand: Its partial…
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