Awfis reports 26 pc growth in Q2 normalized revenue at Rs 451 crore

New Delhi, Nov 3 (TNT): Awfis Space Solutions Ltd on Tuesday reported a 26 per cent year-on-year growth in its normalized revenue from operations at Rs 451 crore for the second quarter ended September 30, 2026, while cash EBITDA rose 45 per cent to Rs 49 crore.

The company’s consolidated revenue from operations stood at Rs 439 crore during the quarter, registering a growth of 20 per cent over the corresponding period of the previous fiscal.

Reported profit after tax (PAT) increased 93 per cent to Rs 31 crore, the company said in a release.

For the first half of FY27, normalized revenue grew 30 per cent to Rs 888 crore, while cash EBITDA increased 40 per cent to Rs 93 crore.

Reported revenue from operations stood at Rs 864 crore, up 23 per cent, and PAT rose 111 per cent to Rs 55 crore.

The co-working and allied services segment recorded a 31 per cent growth in Q2 revenue at Rs 376 crore, while revenue from construction and fit-out projects increased 8 per cent to Rs 75 crore.

During the quarter, the company added six centres, taking its total network to 254 centres with around 1.74 lakh seats across 18 cities.

Its portfolio occupancy stood at 76.2 per cent, while centres operational for more than 12 months recorded 84.1 per cent occupancy.

The company said it sold more than 25,000 seats in H1 FY27 and signed a mandate for a global capability centre (GCC) with over 1,000 full-time employees for a Fortune 500 company in Chennai.

Chairman and Managing Director Amit Ramani said demand from large enterprises and GCCs, along with premiumisation and operational efficiency initiatives, supported the company’s performance.

TNT KM