Awfis Space Solutions Reports 93% Jump in Q2 Profit to ₹31 Crore

Realty firm Awfis Space Solutions Ltd has announced its financial results for the second quarter of the fiscal year, reporting a 93 per cent increase in its consolidated net profit. The company posted a net profit of Rs 30.8 crore for the quarter ended September, compared to Rs 15.97 crore recorded in the corresponding period of the previous year.

According to a regulatory filing released on Tuesday, the company's total income grew to Rs 464.29 crore in the second quarter. This is an increase from Rs 392.97 crore reported in the same period last year, supported by higher income amid strong market demand for managed workspaces.

For the first six months of the fiscal year, spanning April to September, Awfis registered a net profit of Rs 54.76 crore, up from Rs 25.95 crore in the year-ago period. Total income for the first half of the fiscal year rose to Rs 913.16 crore, compared to Rs 746.01 crore in the preceding year.

Amit Ramani, Chairman and Managing Director of Awfis, stated that the company delivered a steady performance during the quarter. He noted that growth was supported by continued office demand from large enterprises and Global Capability Centres (GCCs).

Ramani added that the firm maintains a focus on premiumisation and operational efficiency. During the September quarter, Awfis added six new centres, bringing its total supply to 254 centres encompassing approximately 174,000 seats across 18 cities. The company reported an overall portfolio occupancy rate of 76.2 per cent for the period.

"The financial performance of Awfis highlights the steady, sustained demand for managed workspaces and flexible offices from large enterprises and Global Capability Centres in India. Scaling infrastructure while maintaining a healthy occupancy rate of over 76 percent demonstrates strong operational execution. As businesses continue to optimize their real estate strategies, the flexible workspace sector is poised for continued growth through a clear focus on utilization efficiency and quality expansion." — Dr. Shishir Gupta, Founder & CEO, StartupLanes