AWFIS
AWFIS Space share price & financials
- Price
- ₹304.1
- Market cap
- ₹1.9k Cr
- Sector
- Services
- Calls analysed
- 7
AWFIS Space Q1 FY27
What went well
- Revenue grew by 27% year-on-year to INR425 crores, driven by strong demand from enterprises and GCCs.
- EBITDA increased 28% to INR162 crores, with EBITDA margin expanding to 38.2%, demonstrating strong execution.
- Profit before tax stood at INR24 crores, marking a 135% year-on-year growth.
What to watch
- Occupancy across centers operational for more than 12 months dipped marginally to 83% from 84% due to a one-off exit of a large enterprise client (3,000 seats).
- H1 experienced some margin pressure due to carrying fixed asset costs for vacated centers and timing gaps in rental increases following commercial resets.
What AWFIS Space does
Awfis Space Solutions runs flexible workspace centres under an asset-light "Managed Aggregation" model, partnering with landlords and developers to fit out and operate coworking spaces and managed offices without owning the underlying real estate. It earns from coworking memberships, customised managed-office mandates for large enterprises and Global Capability Centres (GCCs), a Design & Build (D&B) vertical that executes fit-out projects for its own centres and for third-party clients (Awfis Transform), and allied services spanning technology infrastructure, food & beverage, events and workplace transport/mobility. Clients range from freelancers and startups to Fortune 500 companies and GCCs, accessing space by the day, month or year, or through dedicated long-tenure managed-office mandates.
Segments
- Coworking / Workspace Solutions
- Enterprise (Managed Office)
- Mobility Solutions
- Design & Build (D&B)
- Awfis Transform
- Signed-supply centres
- 266 centres
- Signed-supply seats
- ~184,000 seats
- Cities of presence
- 18 cities (9 Tier 1 + 9 Tier 2)
- Chargeable area (signed supply)
- 8.9 million sq. ft.
- Clients served
- 3,500+ clients across the national network
- GCC clients
- 100+ unique Global Capability Centre clients across 9 cities
Guidance record · Q1 FY27
what the last two calls moved 20 tracked 4 delivered 6 missed 10 open- Brought-Forward Loss Utilization missed said Q4 FY25 Promised: out of the brought-forward losses by Q4 FY26 or Q1 FY27 Q1 FY27: The deadline of Q1 FY27 passed without any mention of the topic in the earnings call. The promise to utilize brought-forward losses is considered missed.
- Total Revenue Growth revised down said Q4 FY26 Promised: 25% to 27% for the full year FY27 Q1 FY27: Guidance revised down. Management now expects revenue 'past INR 1,800 crores', implying ~21% growth on the FY26 base of INR 1493 cr, which is below the original 25-27% range.
- Capex Spend delivered said Q4 FY25 Promised: in the same range as FY '25 (approx. INR 200 crores) Q4 FY26: Reported full-year FY26 capex of INR 208 crores, in line with the final revised guidance of INR 200-210 crores.
All 20 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 26.9%, net profit up 140.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 292 | 318 | 340 | 335 | 367 +26% | 382 +20% | 410 +21% | 425 +27% |
| EBITDA | 100 | 107 | 116 | 127 | 132 +32% | 139 +30% | 152 +31% | 162 +28% |
| Net profit | 39 | 15 | 11 | 10 | 16 −59% | 22 +47% | 23 +109% | 24 +140% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −48.4% 1Y
1Y: ₹568.6 on 10 Sept 2025 → ₹293.2. High ₹629.6 (11 Nov 2025), low ₹230.65 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.7%
- 13 Aug
- Q4 FY26
- +5.0%
- 25 May
- Q3 FY26
- −0.5%
- 2 Feb
- Q2 FY26
- +3.7%
- 11 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 32.7% a year over 2 years, FY24 to FY26. Operating margin widened to 36.8%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹849 Cr | ₹1.2k Cr | ₹1.5k Cr |
| Operating profit | ₹245 Cr | ₹402 Cr | ₹550 Cr |
| Operating margin | 28.9% | 33.3% | 36.8% |
| Interest | ₹93 Cr | ₹136 Cr | ₹186 Cr |
| Depreciation | ₹196 Cr | ₹276 Cr | ₹384 Cr |
| Net profit | ₹-17 Cr | ₹68 Cr | ₹71 Cr |
| Net margin | -2.0% | 5.6% | 4.8% |
| Cash from operations | ₹229 Cr | ₹363 Cr | ₹616 Cr |
| Free cash flow | ₹84 Cr | ₹163 Cr | ₹406 Cr |
| ROCE | 9.0% | 13.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹30 Cr | ₹30 Cr | ₹30 Cr | ₹19 Cr | ₹72 Cr | ₹72 Cr |
| Reserves | ₹-19 Cr | ₹-75 Cr | ₹-54 Cr | ₹-113 Cr | ₹427 Cr | ₹481 Cr |
| Borrowings | ₹401 Cr | ₹437 Cr | ₹693 Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.5k Cr |
| Other liabilities | ₹96 Cr | ₹167 Cr | ₹261 Cr | ₹413 Cr | ₹745 Cr | ₹857 Cr |
| Total liabilities | ₹509 Cr | ₹560 Cr | ₹931 Cr | ₹1.4k Cr | ₹2.7k Cr | ₹2.9k Cr |
| Fixed assets | ₹300 Cr | ₹340 Cr | ₹653 Cr | ₹916 Cr | ₹1.6k Cr | ₹1.7k Cr |
| Capital work in progress | ₹0 Cr | ₹9 Cr | ₹1 Cr | ₹9 Cr | ₹6 Cr | ₹12 Cr |
| Investments | ₹42 Cr | ₹16 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹166 Cr | ₹194 Cr | ₹277 Cr | ₹473 Cr | ₹1.0k Cr | ₹1.2k Cr |
| Total assets | ₹509 Cr | ₹560 Cr | ₹931 Cr | ₹1.4k Cr | ₹2.7k Cr | ₹2.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +5.47 pp while promoters trimmed −3.31 pp. The shareholder count grew 16% to 49,296.
- Promoters
- 17.0%
- FIIs
- 26.9%
- DIIs
- 38.5%
- Public
- 17.6%
Since Jun 2025
- FIIs +5.47 pp
- Promoters −3.31 pp
- Public −3.04 pp
How it drifted, 9 quarters
Over this window DIIs went from 13.5% to 38.5% — +25.0 pp.
Ownership split by quarter, oldest first. Jun '24: Promoters 28.6%, FIIs 22.5%, DIIs 13.5%, Public 35.4%.Sep '24: Promoters 28.2%, FIIs 20.7%, DIIs 20.8%, Public 30.3%.Dec '24: Promoters 20.4%, FIIs 21.1%, DIIs 29.4%, Public 29.1%.Mar '25: Promoters 20.4%, FIIs 19.3%, DIIs 34.0%, Public 26.3%.Jun '25: Promoters 20.3%, FIIs 21.4%, DIIs 37.6%, Public 20.6%.Sep '25: Promoters 17.0%, FIIs 25.0%, DIIs 41.2%, Public 16.8%.Dec '25: Promoters 17.0%, FIIs 27.3%, DIIs 39.6%, Public 16.1%.Mar '26: Promoters 17.0%, FIIs 26.4%, DIIs 39.5%, Public 17.1%.Jun '26: Promoters 17.0%, FIIs 26.9%, DIIs 38.5%, Public 17.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Acacia Partners, Lp FPI fund newly disclosed 1.54% held
- Bandhan Small Cap Fund Mutual fund +1.25 pp 4.54% held
- Acacia Conservation Fund Lp FPI fund newly disclosed 1.10% held
- HSBC Mutual Fund - HSBC Flexi Cap Fund Mutual fund +0.42 pp 2.45% held
- Nippon Life India Trustee Ltd-A/C Nippon India Value Fund Mutual fund +0.26 pp 6.26% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of AWFIS Space above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Amit Ramani | 16.79% | unchanged |
| HDFC Small Cap Fund Mutual fund | 9.79% | unchanged |
| Bisque Limited FPI fund | 9.66% | unchanged |
| Nippon Life India Trustee Ltd-A/C Nippon India Value Fund Mutual fund | 6.26% | +0.26 pp |
| Bandhan Small Cap Fund Mutual fund | 4.54% | +1.25 pp |
| Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund Mutual fund | 4.37% | unchanged |
| Goldman Sachs Funds - Goldman Sachs India Equity Portfolio Global fund house | 4.03% | unchanged |
| Peak XV Partners Investments V VC / PE | 3.24% | unchanged |
| HSBC Mutual Fund - HSBC Flexi Cap Fund Mutual fund | 2.45% | +0.42 pp |
| UTI Small Cap Fund Mutual fund | 2.28% | unchanged |
| Axis Mutual Fund Trustee Ltd. A/C Axis Mutual Fund A/C Axis Balanced Advantage Fund Mutual fund | 2.23% | unchanged |
| Airavat Capital Trust - Airavat Capital Trust Ii AIF | 2.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in AWFIS
Filings to Aug 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹311 Cr
- 5 schemes
- Biggest holder
- HDFC Small Cap Fund
- ₹186 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Small Cap Fund HDFC Mutual Fund | ₹186 Cr | held | May '24 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹73 Cr | held | Jun '24 |
| Nippon India Value Fund Nippon India Mutual Fund | ₹31 Cr | held | Jun '25 |
| Nippon India Flexi Cap Fund Nippon India Mutual Fund | ₹12 Cr | held | Jun '24 |
| HDFC Business Cycle Fund HDFC Mutual Fund | ₹9 Cr | held | May '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- -49%
- vs est. average cost
- Held by funds
- ₹311 Cr
- 5 schemes · ≈ 18% of the company
- Biggest holder
- HDFC Small Cap Fund
- ₹186 Cr · 0.5% of that fund
Shares held by these funds +1566%
May '24 1.15 cr shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse AWFIS Space
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