Shares of Awfis Space Solutions surged 19.05% on the BSE after the coworking space provider reported a 107% jump in net profit to ₹23.2 crore in Q4 FY26, according to inc42.com. The stock later trimmed gains but remained 4.80% higher, pushing the company’s market capitalization to about ₹2,695.6 crore ($282.6 million).
Awfis posted operating revenue of ₹410.1 crore in Q4 FY26, up 21% year-on-year and 7% quarter-on-quarter. Revenue from coworking office spaces and allied services climbed 35% year-on-year to ₹341.5 crore, while construction and fit-out projects revenue stayed flat at ₹68.6 crore. Operating EBITDA rose 31% year-on-year to ₹152 crore. For the full fiscal year, net profit increased slightly to ₹70.8 crore from ₹67.9 crore, with operating revenue growing 24% to ₹1,493.5 crore. The company also signed a term loan agreement with IDFC FIRST Bank for ₹75 crore and a ₹5 crore overdraft facility, pending approval.
The strong quarterly performance highlights growing demand for coworking spaces in India, with Awfis capitalizing on this trend through steady revenue and profit growth. The company’s ability to boost operating EBITDA by 31% year-on-year underscores improving operational efficiency. The loan agreement signals plans to fund expansion and reimburse capital expenditure, positioning Awfis to compete in a market that has seen increased activity from both domestic and international players.
Looking ahead, Awfis plans to use the new funding to support future growth initiatives and expansion efforts. The company’s financial results and capital infusion will be closely watched as it aims to strengthen its market position in the evolving coworking sector, with further updates expected in upcoming quarterly reports.