Awfis Space Solutions reports Rs 451 crore revenue from operations during Q2FY27

New Delhi: Flexible workspace provider Awfis Space Solutions has reported Rs 451 crore revenue from operations during Q2FY27, up 26% y-o-y.

Company sold over 25,000 seats in H1 FY27, with demand continues to build ahead of new capacity 57% of centers operate under the Managed Aggregation (MA) model, with fit-out capex funded by landlords while incremental seats are being signed at 35% higher pricing versus flagship products.

Company signed a 1,000+ FTE GCC mandate with a Fortune 500 company in Chennai, with Phase 1 started in Q4 FY27.


“The performance is supported by continued demand from large enterprises & GCCs, alongside our ongoing focus on premiumisation and operational efficiency,” said Amit Ramani, chairman and managing director of the company.

Company’s Co-working business continued to see strong demand from large corporates, MNCs and multi-centre clients, with revenue growing 31% YoY to Rs 376 crore in Q2 and 34% YoY to Rs 740 crore in H1 FY27, while transform contributed Rs 75 crore and Rs 149 crore, respectively, growing 8% in Q2 and 16% in H1 supported by a healthy project pipeline and growing cross-selling opportunities.

“During the quarter, we added 6 new centres, taking our total supply to 254 centres with approximately 174k seats across 18 cities, serving a diversified client base of over 3,700+ companies. Overall portfolio occupancy stood at 76.2%, while occupancy at centres with more than 12 months of vintage reached 84.1%,” Ramani said.

“Our premiumisation strategy continues to gain momentum, with our Gold and Elite portfolio expanding to 39 centres. We have strengthened our presence across Pune, Bengaluru, Mumbai and Delhi NCR with new premium Grade A+ centres. FY27 is a year of transformation, with a continued focus on driving high-quality earnings, improving occupancy across our centres thereby achieving Cash EBITDA target of Rs 190–200 crore for the full year,” Ramani said.