Coworking space provider Awfis reported a net profit of ₹23.2 crore for Q4 FY26, doubling from ₹11.2 crore in the year-ago quarter, according to inc42.com. Revenue for the quarter rose 21% year-on-year to ₹410.1 crore. For the full fiscal year, Awfis posted a net profit of ₹70.8 crore and revenue of ₹1,493.4 crore, up 24% from the previous year.
Awfis’ profit after tax increased 7% sequentially from ₹21.6 crore in Q3 FY26. The company earned ₹341.5 crore from rent collected on coworking office spaces and allied services, while construction and fit-out projects contributed ₹68.6 crore during the quarter. Total expenses rose 17% year-on-year to ₹405.6 crore. Awfis also entered a term loan agreement with IDFC First Bank for ₹75 crore, with an additional ₹5 crore overdraft facility pending finalisation, to reimburse and fund capital expenditure. The company allotted 22,695 equity shares under its ESOP programme worth ₹81.5 lakh.
Awfis’ financial results highlight the growing demand for flexible office spaces amid a recovering commercial real estate market. The company’s revenue growth and doubling of quarterly profit reflect its expanding footprint and diversified revenue streams. The ₹75 crore loan deal with IDFC First Bank underscores Awfis’ focus on capital investments to support future growth. The coworking sector has seen increased activity as businesses seek flexible workspace solutions.
Looking ahead, Awfis plans to use the loan proceeds to fund new capital expenditure and reimburse existing investments, aiming to strengthen its market position. The company’s next milestones include executing its expansion plans and monitoring the impact of increased capital deployment on profitability and revenue growth in upcoming quarters.