Tag: awfis space solutions

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India’s Flexible Office Space Market Set for Major Growth

NEW DELHI: Publicly listed flexible office space operators are poised to account for nearly half of India’s flexible office market, projected to reach 100 million sq ft by year-end. Currently, four operators have gone public, with at least three more IPOs anticipated in this sector. According to the investors’ presentation from Smartworks, Awfis, WeWork, and Indiqube—all listed companies—these firms collectively manage over 30 million sq ft of operational space. Smartworks, boasting 9.2 million sq ft of operational area as of December 2025, is expected to be the first flexible workspace provider to exceed 10 million sq ft by March 2026,…

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Awfis Sees 42.72% Profit Surge in Q3 FY26

NEW DELHI: Awfis Space Solutions has announced a 42.72% increase in its net consolidated profit for the quarter ending December 31, 2025. The profit after tax reached ₹21.65 crore in Q3 FY26, compared to ₹15.17 crore during the same period last year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹410.95 crore, showing a growth of 23.98% from ₹331.46 crore in the corresponding quarter of the previous year. Amit Ramani, Chairman and Managing Director, stated, “In this quarter, we opened 10 new centers, increasing our total network to 257 centers with 177,000 seats…

CommercialLatest Stories

Awfis Space Solutions Q2 FY26 Net Profit Falls 58.7%

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, has reported a 58.7% decline in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹15.97 crore, down from ₹38.67 crore in the same quarter of the prior fiscal year, according to a BSE filing. The company’s net consolidated total income was ₹392.97 crore in Q2 FY26, reflecting a 30.14% increase from ₹301.95 crore in the year-ago quarter. Amit Ramani, the company’s chairman and managing director, stated, “In H1 FY26, our Operating EBITDA grew 44% year-on-year, revenue expanded by…

CommercialLatest Stories

Awfis targets 30% growth in FY26, seeks 40% non-core revenue

NEW DELHI: Awfis Space Solutions is set for significant growth in FY26, targeting a 30% increase in revenue, with aims to surpass ₹1,600 crore. The company anticipates adding about 40,000 new coworking seats in approximately 70 centers across India, leveraging its strategy of establishing medium-sized centers averaging 30,000 sq ft each. Rent for their flagship offering ranges from ₹8,000 to ₹20,000 per seat per month, depending on the location and product tier. Awfis boasts an impressive EBITDA margin guidance of 14%, with a strong return on capital employed (RoCE) of around 67%. The company maintains a nearly net-cash position with…

CommercialLatest Stories

Awfis Space Solutions Q1 FY26 Net Profit Hits ₹8.94 Crore

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, announced a standalone net profit after tax of ₹8.94 crore for the quarter ending June 30, 2025. The company’s standalone total income reached ₹351.54 crore in Q1 FY26, as disclosed in a BSE filing. Amit Ramani, chairman and managing director, stated, “We are delighted to report a robust start to FY26, with revenue at ₹335 crore, marking a 30% year-on-year increase. Our Operating EBITDA margin widened by 710 basis points to 37.8%, fueled by strong revenue growth, deeper enterprise penetration, expanding allied services, and a persistent focus on operational…

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Executive Centre aims to raise ₹2,600 crore for India IPO

The Executive Centre is set to launch an initial public offering in Mumbai with the potential to raise ₹26 billion ($303 million), as reported by sources familiar with the situation. This move aims to leverage the growing demand for workspace across India. The flexible workspace provider has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to facilitate the listing process. The company intends to submit preliminary documentation, known as a draft red herring prospectus, shortly. Neither the company nor its financial advisors have responded to requests for comment. The Executive Centre will join other companies like Wework India Management…