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Flexible workspace operator Awfis Space Solutions Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by higher demand for managed office spaces across key cities. The company’s revenue also recorded healthy growth during the quarter and the full financial year. Awfis continued to benefit from expansion in the co-working and flexible office segment as companies increasingly adopted hybrid working models and managed workspace solutions. The firm, which operates across 18 cities with over 250 centres, has been steadily expanding its footprint amid rising demand from startups, enterprises and global capability centres.
Flexible workspace operator Awfis Space Solutions Ltd reported more than two-fold growth in its consolidated net profit for the quarter ended March 2026, helped by higher income and continued demand for managed workspaces. Advertisement
The company’s consolidated net profit rose to INR 23.24 crore during the quarter, compared to INR 11.23 crore in the corresponding period last year, according to a regulatory filing released earlier this week.
Total income increased to INR 429.16 crore in the fourth quarter of FY26 from INR 359.45 crore a year ago, reflecting steady occupancy growth and increased demand for flexible office solutions from corporates and startups.
For the full FY26 financial year, the company posted a consolidated net profit of INR 70.85 crore, up from INR 67.87 crore in the previous fiscal. Its total income for the year climbed to INR 1,586.12 crore from INR 1,260.74 crore in FY25.
The performance comes at a time when India’s flexible workspace market continues to see strong traction, driven by hybrid work models, cost optimisation strategies and rising demand for managed office spaces from large enterprises and global capability centres. Industry reports over the past year have also shown growing leasing activity in the co-working segment across major office markets including Bengaluru, Mumbai, Delhi-NCR, Pune and Hyderabad.
Awfis has been expanding its presence steadily and currently operates more than 250 co-working centres across 18 cities. The company has also focused on increasing enterprise clients and improving occupancy across its centres as competition in the managed workspace segment intensifies.
The company had made its stock market debut in 2024 and has since continued to strengthen its operational scale amid improving demand in the commercial office market.
Source PTI
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