Awfis Space Solutions Limited has shown a steady third quarter in FY26, with growth driven by increased demand from enterprise customers and global capability centers (GCCs), besides improvement in operating leverage with more centers maturing.
Awfis reported operating revenue of ₹382 crore in Q3 FY26, up 20% year-on-year from ₹318 crore in the same quarter last year, as per its NSE filings.
It also posted profit of ₹21.6 crore, up about 43% from ₹15 crore in Q3 FY25.
On profitability, operating EBITDA rose 30% YoY to ₹139 crore, with margins expanding 270 basis points to 36.5%, reflecting scale-up, a higher share of mature centres, and improved operating leverage.
Awfis reported other income of ₹29 crore, taking total income for the quarter to ₹411 crore.
What drove revenue in the quarter?
The company said the quarter’s performance was primarily driven by the co-working and allied services segment, which rose 32% year-on-year and accounted for about 84% of total operating revenue in Q3 FY26.
Its construction and fit-out business contributed ₹60 crore during the quarter.
Costs and execution
On the cost side, Awfis reported total expenses of ₹389 crore in Q3 FY26, compared with ₹317 crore a year earlier.
The filing also notes that “other expenses” remained the largest cost component during the quarter, and employee benefits expenses stood at ₹36 crore.
Commenting on the quarter, Amit Ramani, Chairman and Managing Director, said the company delivered “a strong operational and financial performance” in Q3 FY26, driven by sustained enterprise and GCC demand, disciplined execution, and the strength of its “capital-efficient expansion.”
Expansion: more centres, more seats
Awfis continued adding capacity during the quarter. The company added 10 new centres in Q3, taking its network to 257 centres with around 1,77,000 seats across 18 cities.
Nine-month performance snapshot
For the nine months ended December 31, 2025, Awfis reported operating revenue of ₹1,083 crore, up 25% YoY from ₹868 crore in the corresponding period last year.
Operating EBITDA for the nine-month period stood at ₹398 crore, with margins expanding 373 basis points to 36.7%.
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