Shares of Awfis Space Solutions surged 19.05% on the BSE today to hit an intraday high of ₹428.35 after the coworking space provider’s Q4 FY26 show lifted investor sentiment.
The stock later trimmed some of the gains and was trading 4.80% higher at ₹376.80 at 12:00 IST, taking the company’s market capitalisation to about ₹2,695.6 Cr ($282.6 Mn).
Yesterday, Awfis reported a 107% jump in net profit to ₹23.2 Cr in Q4 FY26 from ₹11.2 Cr in the same quarter last year. Sequentially, profit rose 7% from ₹21.6 Cr.
Operating revenue grew 21% YoY and 7% QoQ to ₹410.1 Cr during the quarter under review. A major chunk of this came from coworking office spaces and allied services segment, whose revenue climbed 35% YoY to ₹341.5 Cr.
Meanwhile, revenue from construction and fit-out projects remained largely flat at ₹68.6 Cr.
Including other income of ₹19 Cr, Awfis’ total income for the quarter stood at ₹429.1 Cr. Total expenses increased 17% YoY to ₹405.6 Cr. Operating EBITDA rose 31% YoY to ₹152 Cr.
For the full FY26, Awfis reported a net profit of ₹70.8 Cr, up slightly from ₹67.9 Cr in FY25. Operating revenue rose 24% YoY to ₹1,493.5 Cr.
Alongside the earnings, the company also said it has signed a term loan agreement with IDFC FIRST Bank for a ₹75 Cr loan and a ₹5 Cr overdraft facility, subject to final approval. The company said the funds will be used to reimburse existing capex and support future expansion.
Separately, Awfis allotted 22,695 equity shares worth around ₹81.5 Lakh to employees under its ESOP programme.
Operationally, the company continued to expand aggressively during FY26. It added 41 new centres and around 30,000 operational seats, taking its total signed network to 266 centres with nearly 1.84 Lakh seats spread across 18 cities.
Awfis said it currently serves around 3,500 clients across Tier I & II cities, with nearly 48% of customers using services from multiple centres. The company’s occupancy stood at 76% at the end of FY26, while mature occupancy came in at 84%.
Awfis also pointed to strong demand from enterprise and global capability centre (GCC) clients. More than 100 GCC customers now contribute 23% of its rental revenue, with several additional mandates expected to go live in the coming quarters.
Going ahead, the company plans to scale its premium workspace offerings, Gold and Elite, while expanding its presence across major IT parks and institutional-grade properties.
“As we enter FY27, the business is in its strongest position yet,” said Awfis chairman Amit Ramani, adding that the company is entering the new fiscal with “healthy occupancy, expanding margins, industry-leading returns on capital, and a quality pipeline already committed”.
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