Awfis Space Solutions Ltd — earnings calls

Awfis reported Q1 FY27 revenue growth of 27% year-on-year to Rs 425 crore, with EBITDA up 28% to Rs 162 crore and EBITDA margin at 38.2%. The company introduced cash EBITDA as a new disclosed metric this quarter, reporting Rs 44 crore, up approximately 34% year-on-year, while occupancy held flat at 76% after one enterprise client with nearly 3,000 seats consolidated into a conventional office. Management also outlined developer partnerships, premiumization of its portfolio, and growth across its Transform construction and fit-out business.

Awfis reported FY26 revenue from operations of Rs 1,493 crore, up 24% year-on-year, with the coworking and allied services segment growing 35% to Rs 1,237 crore. Operating EBITDA grew 37% to Rs 550 crore with margins expanding to 36.8%, while PAT before exceptional items grew 66% to Rs 71 crore. Management described the year as one of premiumization, higher enterprise and GCC penetration, and disciplined capital deployment, while gross seat additions were more selective than earlier guided.