Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.

Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.

The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (GCCs) and multi-centre clients. Its construction and fit-out business, Transform, grew 25 per cent to Rs 730 million during the quarter.

Awfis added seven centres during the quarter, taking its network to 251 centres with around 170,000 seats across 18 cities and nearly 3,600 clients. Occupancy at centres operational for more than 12 months stood at 83 per cent, while overall portfolio occupancy was 76 per cent.

The company currently serves more than 100 GCC clients, which contribute 24 per cent of its rental revenue. It is also increasing the share of premium Grade A+ properties, with new premium inventory expected to command pricing 30-50 per cent higher than its existing portfolio.

Awfis reported a return on capital employed of 55 per cent and a net debt-to-equity ratio of -0.08. Its cost of borrowing declined to 9.05 per cent, while it maintained an A+ credit rating with a Stable Outlook.

The company expects demand from enterprises and GCCs, expansion of premium centres, managed offices and integrated workplace solutions to support its growth across India.

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (GCCs) and multi-centre clients. Its construction and fit-out business, Transform, grew 25 per cent to Rs 730 million during the quarter.Awfis added seven centres during the quarter, taking its network to 251 centres with around 170,000 seats across 18 cities and nearly 3,600 clients. Occupancy at centres operational for more than 12 months stood at 83 per cent, while overall portfolio occupancy was 76 per cent.The company currently serves more than 100 GCC clients, which contribute 24 per cent of its rental revenue. It is also increasing the share of premium Grade A+ properties, with new premium inventory expected to command pricing 30-50 per cent higher than its existing portfolio.Awfis reported a return on capital employed of 55 per cent and a net debt-to-equity ratio of -0.08. Its cost of borrowing declined to 9.05 per cent, while it maintained an A+ credit rating with a Stable Outlook.The company expects demand from enterprises and GCCs, expansion of premium centres, managed offices and integrated workplace solutions to support its growth across India.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code