Awfis posts Rs 382 Cr revenue and Rs 22 Cr profit in Q3 FY26

Co-working solutions provider Awfis has announced its financial results for the third quarter of FY26, reporting a 20% year-on-year growth in revenue while posting a profit of Rs 21.6 crore during the quarter.

The company’s revenue from operations grew to Rs 382 crore in Q3 FY26 from Rs 318 crore in the same quarter last year, according to its financial statements sourced from the NSE.

Other income contributed an additional Rs 29 crore, taking the company’s total income to Rs 411 crore for the quarter. For the nine months ended December, the firm’s revenue grew 24.5% to Rs 1,083 crore compared to Rs 868 crore in the corresponding period last year.

Revenue from co-working spaces remained the largest contributor, accounting for 84% of the total operating revenue. This segment grew 32.5% to Rs 322 crore in Q3 FY26 from Rs 243 crore in Q3 FY25. Meanwhile, the construction and fit-out projects segment generated Rs 60 crore in revenue during the quarter.

On the expense side, depreciation remained the largest cost component at Rs 99 crore, while employee benefits expenses stood at Rs 36 crore. Finance costs, subcontracting expenses, and other overheads together pushed the company’s total expenses to Rs 389 crore in Q3 FY26 from Rs 317 crore in Q3 FY25.

Improved revenue performance, along with a jump in other income, led the company’s profit to increase by 44% to Rs 21.6 crore in Q3 FY26, compared to Rs 15 crore in Q3 FY25.

At the end of today’s trading session, Awfis’ stock closed at Rs 389.5, valuing the company at a market capitalization of Rs 2,759 crore (approximately $303 million).