Awfis Space Solutions shares rally 13% after Q2 profit jump
The flexible workspace provider reported a 94 per cent year-on-year increase in net profit for the September quarter.
Shares of Awfis Space Solutions jumped 13.15 per cent to Rs 272.90 on Wednesday after the company reported strong performance for the September 2026 quarter, according to The Economic Times.
The flexible workspace solutions provider saw its net profit rise to approximately Rs 31 crore in the September quarter, compared to Rs 16 crore in the same period last year. This represents a 94 per cent year-on-year increase.
Revenue from operations rose by 20 per cent to Rs 439 crore, up from Rs 367 crore in the corresponding quarter last year. BusinessLine reported total income increased to Rs 464.29 crore during the period.
Awfis Space Solutions added six new centres during the September quarter, bringing its total network to 254 centres with approximately 1.74 lakh seats across 18 cities. The company's overall portfolio occupancy stood at 76.2 per cent.
CMD Amit Ramani noted that the company reported steady performance supported by continued office demand from large enterprises and Global Capability Centres (GCCs). He said the company continues to focus on premiumisation and operational efficiency.
The company secured a mandate for more than 1,000 full-time employees from a Fortune 500 company for a GCC in Chennai, with Phase 1 scheduled to commence in Q4FY27.