AWFIS SPACE SOLUTIONS LTD

Awfis Space Solutions Limited held its Q1 FY27 Earnings Conference Call on August 13, 2026, where management reported a 27% year-on-year revenue growth to INR425 crores and a 28% increase in EBITDA to INR162 crores. The company highlighted strong demand in India's office market, particularly from Global Capability Centers (GCCs), which accounted for significant leasing activity. Management noted that their coworking business grew by 27%, with GCCs contributing 24% of rental revenue. The Transform business also saw a 25% growth, driven by large enterprise mandates. Awfis emphasized its focus on premium-grade assets and strategic partnerships, including a notable collaboration with Malpani Estates. The company maintained a net cash position and reported a return on capital employed (ROCE) of 55%. Management set a goal to add 22,000 to 25,000 seats for the year and projected overall revenue to exceed INR1,800 crores. The call concluded with management expressing confidence in their growth strategy and operational execution.

Management emphasized strong performance and growth opportunities in the flexible workspace sector.