Awfis Space Solutions Limited Earnings Summary — Q1 FY2027
Awfis Reports Sustained Revenue Growth and Rising Net Profit for Q1 FY2027
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 5 consecutive quarters.
- Revenue of ₹425 Cr is 27.0% higher year-on-year.
- Revenue has compounded at 30.8% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹24 Cr is 140.1% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 255.6% annualised across the period.
- Operating margin stands at 38.2% in Q1 FY2027.
- Operating margin expanded by 39 bps year-on-year.
- Over the last two years operating margin has expanded by 752 bps.
- PBT margin is 5.8%.
- Expense growth of 26.2% remained below revenue growth of 27.0%.
- Operating profit of ₹162 Cr is 28.3% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 79/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 425 | 410 | 382 | 367 | 335 | 340 | 318 | 292 | 258 | 232 |
| Expenses | Improving | 263 | 258 | 243 | 235 | 208 | 224 | 210 | 192 | 179 | 165 |
| Operating Profit | Improving | 162 | 152 | 139 | 132 | 127 | 116 | 107 | 100 | 79 | 67 |
| Operating Margin | Improving | 38.2% | 37.0% | 36.5% | 36.1% | 37.8% | 34.1% | 33.8% | 34.3% | 30.7% | 28.9% |
| Other Income | Volatile | 24 | 19 | 29 | 26 | 18 | 20 | 15 | 34 | 10 | 9 |
| Interest | Improving | 49 | 46 | 47 | 47 | 46 | 43 | 35 | 30 | 28 | 24 |
| Depreciation | Improving | 113 | 101 | 99 | 95 | 89 | 81 | 72 | 65 | 58 | 51 |
| Profit Before Tax | Volatile | 24 | 24 | 22 | 16 | 10 | 12 | 15 | 39 | 3 | 1 |
| Tax | Volatile | 0 | 0 | 0 | 0 | 0 | 1 | — | — | — | — |
| Net Profit | Volatile | 24 | 23 | 22 | 16 | 10 | 11 | 15 | 39 | 3 | 1 |
| Net Margin | Volatile | 5.6% | 5.7% | 5.7% | 4.3% | 3.0% | 3.3% | 4.8% | 13.2% | 1.1% | 0.6% |
Key Takeaways
- Consolidated revenue grew 26.96% YoY to ₹4,249.24 million, driven primarily by the Co-working space segment.
- The Co-working segment remains the dominant revenue contributor, accounting for 78% of total revenue for the quarter.
- Consolidated Net Profit for the quarter surged 140.19% YoY to ₹239.64 million, reflecting strong operating leverage.
- The Design and Build undertaking is classified as a 'discontinued operation' pending a slump sale to subsidiary Awfis Transform Private Limited.
- The Board approved the appointment of Mr. Abhishek Poddar as an Independent Director for a 5-year term starting July 2026.
- The company continues to expand its ESOP program, granting over 61,000 new options during the quarter.
Management Guidance
The company is executing a strategic shift of its 'Design and Build' business to a wholly-owned subsidiary, ATPL, to be completed by end of calendar year 2026. The focus remains on scaling managed office solutions across Tier 1 and Tier 2 cities while improving profitability through center maturation.
Sentiment Shift
Improving
The transition from historical net losses to consistent quarterly profitability and robust double-digit top-line growth signals a strengthening business model.
Outlook
Awfis appears well-positioned to capitalize on the increasing demand for flexible workspaces. The upcoming completion of the slump sale for its 'Transform' segment suggests a cleaner corporate structure focused on high-margin leasing and managed services.
From the Annual Report (Key Quotes)
“Board of Directors has approved and recommended... the appointment of Mr. Abhishek Poddar as a Non-Executive Independent Director.”
“The Undertaking... is now expected to be completed by end of calendar year 2026 due to procedural, administrative, operational and transition-related requirements.”
“Segment revenue: Co-working space on rent and allied services 3,313.46 million.”
Official Quarterly Documents
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This summary is AI-generated from Awfis Space Solutions Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.