The flexible workspace provider increased its quarterly net profit by 94% year-on-year to ₹31 crore, while operational revenue rose 20% to reach ₹439 crore. Sustained enterprise demand enabled the company to sell more than 25,000 seats during the first half of the fiscal year. Management expanded its physical footprint by adding six new centers during the September quarter, lifting the total network to 254 locations across 18 cities. Despite this operational progress, the equity faces long-term headwinds after dropping over 49% year-to-date.
Key points
Overall portfolio occupancy touched 76.2%, while facilities open longer than 12 months re…: Overall portfolio occupancy touched 76.2%, while facilities open longer than 12 months recorded a higher 84.1% occupancy rate.
Chairman Amit Ramani credited operational efficiencies, premiumisation, and large enterpr…: Chairman Amit Ramani credited operational efficiencies, premiumisation, and large enterprise demand for the quarterly acceleration.
Despite recent weekly and monthly gains, the stock has declined by 57.62% over the past y…: Despite recent weekly and monthly gains, the stock has declined by 57.62% over the past year.
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Awfis Space Solutions share price rallied as much as 13% in Wednesday's trading session after the company reported strong set of numbers during the July-September quarter.
Awfis Space shares opened at ₹257 apiece on NSE today, as compared to previous close of ₹241.20 on Tuesday, as compared to previous close of ₹275 on 4 November.
Awfis Space Solutions, one of India's leading flexible workspace providers, reported a strong performance in the September 2026 quarter, with its net profit jumping 94% year-on-year (YoY) and revenue increasing 20%.
The company's revenue from operations rose to ₹439 crore in Q2 FY27, compared with ₹367 crore in the corresponding quarter of the previous financial year, registering a 20% YoY growth.
Awfis Space Solutions' net profit nearly doubled to ₹31 crore in the September quarter from ₹16 crore in Q2 FY26, marking a 94% increase on a year-on-year basis.
The company also recorded strong business momentum in the first half of FY27, selling more than 25,000 seats amid sustained demand for flexible workspace solutions.
During the September quarter, Awfis added six new centres, expanding its…
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