Awfis Space Solutions, a leading co-working and flexible workspace provider in India, posted strong financial results for Q3 FY26, showcasing growth in revenue, profit, margins, and operational footprint. The company’s operating revenue reached ₹382 crore, up 20% from ₹318 crore in Q3 FY25, while total income including other income of ₹29 crore stood at ₹411 crore for the quarter. Net profit surged 43% year-on-year to ₹21.6 crore, reflecting improved operational efficiency and disciplined management. Operating EBITDA increased 30% to ₹139 crore with margins expanding by 270 basis points to 36.5%, demonstrating better scale benefits and cost management.
The co-working and allied services segment drove the majority of revenue growth, rising 32% year-on-year to ₹322 crore, contributing roughly 84% of total operating revenue. Construction and fit-out projects added ₹60 crore, while other operating expenses, depreciation of ₹99 crore, and employee benefits of ₹36 crore accounted for the majority of costs. Total expenses for the quarter were ₹389 crore compared with ₹317 crore a year ago, showing disciplined cost control.
Awfis continued its strategic network expansion, opening 10 new centres in Q3 FY26, bringing the total to 257 centres across 18 cities in India. The company now provides around 1,77,000 seats, including operational and under-fit-out spaces, covering a total of 8.6 million square feet. For the nine months ended December 31, 2025, operating revenue rose 25% year-on-year to ₹1,083 crore, with operating EBITDA increasing 39% to ₹398 crore and margins improving by 373 basis points to 36.7%.
Chairman and Managing Director Amit Ramani highlighted that sustained demand from enterprise customers and Global Capability Centres (GCCs), combined with capital-efficient expansion and disciplined execution, were key drivers of Q3 FY26 growth. The results underline growing demand for flexible workspace solutions, strong co-working adoption across India, and operational efficiency driving profitability.
Awfis’s performance reflects not only the growing co-working market in India but also the company’s leadership in flexible office spaces, shared office solutions, managed office services, enterprise workspace, hybrid office models, workplace management, office expansion strategy, growth in coworking hubs, urban office development, commercial real estate innovation, startup workspace solutions, corporate clients, GCC clients, network growth, scale benefits, occupancy rate improvement, cost efficiency, margin expansion, sustainable office operations, flexible lease options, multi-city presence, modern office infrastructure, seat availability, real estate footprint, revenue growth strategies, profitability improvement, operational excellence, business continuity, co-working trends, hybrid work adoption, flexible workspace demand, shared office industry, office seat utilization, workplace solutions provider, corporate workspace, SME office demand, employee workspace satisfaction, office network expansion, capital-efficient operations, real estate optimization, flexible office market, Indian coworking market, managed office facilities, enterprise real estate services, flexible office adoption, business growth, strategic expansion, financial performance, Q3 FY26 results, Indian co-working sector, revenue enhancement, margin optimization, and overall corporate growth.
This strong Q3 FY26 performance positions Awfis Space Solutions as a leading player in India’s co-working and flexible office space market, with continued focus on network expansion, operational efficiency, and delivering value to enterprise clients, GCCs, startups, and corporate customers across urban centers.