Home / Business and Economy / Awfis Profit Plunges 58.8% in Q2 FY26 Despite 25.5% Revenue Surge
Awfis Profit Plunges 58.8% in Q2 FY26 Despite 25.5% Revenue Surge
11 Nov
Summary
- Awfis reports 58.8% year-on-year decline in Q2 FY26 net profit
- Revenue rose 25.5% to ₹366.8 crore, driven by healthy demand for flexible workspaces
- Company targets 30% revenue growth in FY26, plans to add 40,000 seats this year
As of November 11, 2025, Awfis Space Solutions, a Delhi-based flexible workspace provider, has reported a significant decline in its net profit for the second quarter of the fiscal year 2026. The company's net profit stood at ₹15.9 crore, a 58.8% year-on-year decrease compared to ₹38.6 crore in the same period last year.
However, the news is not all grim for Awfis. The company's revenue has risen by 25.5%, reaching ₹366.8 crore, up from ₹292.3 crore in the previous year. This growth is attributed to the healthy demand for flexible workspaces across metros and Tier-II cities. Additionally, the company's EBITDA jumped 32.7% year-on-year to ₹132.3 crore, with margins improving to 36% from 34.1%, reflecting operational efficiency amid continued network expansion.
Looking ahead, Awfis is targeting a 30% revenue growth in FY26, driven by capacity expansion, allied services, and demand from Global Capability Centres (GCCs). The company currently operates 232 centres with 1.55 lakh seats and has signed letters of intent for another 10,000 seats. Awfis plans to add around 40,000 seats this year, the same as last year, with a clear visibility of 30,000 seats and another 10,000 to be added over the next eight months. By the end of the year, Awfis expects to reach 1.75 lakh seats, with a 65:35 split between managed aggregation and trade lease spaces.
