Awfis Space Solutions shares rally 13% after Q2 profit jumps 94% YoY, revenue rises 20%
Awfis Space Solutions shares rallied after the company reported 94% year-on-year profit growth and a 20% rise in Q2 FY27 revenue. Strong seat sales, premium workspace expansion and enterprise demand supported its operational performance, even as FIIs and mutual funds trimmed stakes.
Awfis Space Solutions shares surged 13.15% to Rs 272.90 following the company's strong Q2 2026 earnings report, which saw a remarkable 94% year-on-year increase in net profit and a 20% jump in revenue. The flexible workspace provider, India's largest in the sector, reported Rs 439 crore in revenue from operations, up from Rs 367 crore in the same quarter last year. Net profit more than doubled to Rs 31 crore, compared with Rs 16 crore a year ago.
The company added six new centers during the quarter, expanding its total network to 254 centers with approximately 1.74 lakh seats across 18 cities. Overall portfolio occupancy stood at 76.2%, while centers with more than a year of operation recorded a higher 84.1% occupancy. Awfis highlighted premium workspace expansion, enterprise-led demand, asset-light expansion through Managed Aggregation, and higher pricing as key operational developments driving growth.
The company secured a mandate for over 1,000 full-time employees from a Fortune 500 company for a global capability center in Chennai, with Phase 1 starting in Q4 2026. Shareholding data showed a decline in foreign institutional investors and mutual fund holdings during the September quarter.
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