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Awfis Space Solutions Ltd reported a sharp 58.7% decline in its consolidated net profit for the quarter ending September 30, 2025, with profit after tax at INR 15.97 crore compared to INR 38.67 crore in the same quarter last year. Despite this, total income grew 30.14% to IN R 392.97 crore, supported by the addition of 8,000 seats in Q2 and 14,000 in H1 FY26. The company now operates 247 centres with around 170,000 seats across 8.4?million sq ft, reflecting a steady focus on network growth alongside rising operational costs.
Awfis Space Solutions Ltd, a flexible workspace provider, recorded a 58.7% drop in consolidated net profit for Q2?FY26, with profit after tax coming in at INR 15.97 crore, down from INR 38.67 crore in the same quarter last year. The company attributed the fall to higher costs associated with rapid expansion despite a strong revenue performance. Advertisement
Total income for the quarter grew by 30.14% to INR 392.97 crore from INR 301.95 crore a year ago, driven by growth in seat count and network expansion. During Q2, the firm added 8,000 seats, while in the first half of FY26, it added 14,000 seats, contributing to a year-on-year increase of 35,000 seats. The current portfolio includes 247 centres covering around 8.4 million sq ft, housing approximately 170,000 seats.
Chairman and managing director Amit Ramani highlighted that in the first half of FY26, operating EBITDA grew 44% year-on-year, revenue increased 28%, and PAT rose 49%, showing solid top-line growth alongside improved operational efficiency.
The company also executed the allotment of 214,497 equity shares under its Employee and Director Stock Option Plan 2015 (EDSOP2015) during the quarter. Historically, Awfis has focused on scaling its managed-aggregation model, which had helped it reach over 100,000 seats across 181 centres as of March 2024, with occupancy around 71%.
While the firm's expansion continues to support revenue growth, the fall in net profit underscores the pressure from rising costs, including leasing, fit-outs, and operational expenses. With a strong pipeline of seats and centres, the company is working to convert scale into sustained profitability while maintaining operational efficiency across its growing network.
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