AWFISAwfis Space Solutions Ltd.
Awfis Space Solutions Q2 FY27 Results: Consolidated Net Profit ₹30.80 Crore on Total Income of ₹464 Crore
- Earnings
- co-working office space
Reviewed byKeshav SehgalBlacklitt Research
Awfis Space Solutions (NSE: AWFIS) reported consolidated total income of ₹464.29 crore and net profit of ₹30.80 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹385.53 crore and standalone net profit ₹29.50 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹464.29 crore, up 18.1% YoY and 3.4% QoQ
- Net profit and EPS: ₹30.80 crore, up 92.8% YoY; diluted EPS ₹4.30
- Finance costs: ₹49.05 crore, up 4.5% YoY and 0.8% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹385.53 crore, up 19.8% YoY and 3.1% QoQ
- Net profit and EPS: ₹29.50 crore, up 96.0% YoY; basic EPS ₹4.12
- Profit before tax: ₹21.81 crore, up 126.2% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 464.29 | 392.97 | +18.1% | 448.88 | +3.4% | |
| Revenue from operations | 438.73 | 366.86 | +19.6% | 424.92 | +3.2% |
| Other income | 25.57 | 26.11 | -2.1% | 23.95 | +6.7% |
| 30.80 | 15.97 | +92.8% | 23.96 | +28.5% | |
| Profit before tax | 31.24 | 16.33 | +91.3% | 24.42 | +27.9% |
| Finance costs | 49.05 | 46.95 | +4.5% | 48.65 | +0.8% |
| Depreciation | 118.99 | 95.14 | +25.1% | 113.16 | +5.2% |
| Tax expense | 0.44 | 0.36 | +23.8% | 0.45 | -2.6% |
| Net profit margin | 6.63% | 4.06% | +2.57 pp | 5.34% | +1.30 pp |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than income. Consolidated net profit rose 92.8% YoY against 18.1% growth in total income, and profit before tax rose 91.3%. Revenue from operations grew 19.6% YoY while other income fell 2.1%, so the quarter's income is led by the operating line.
Finance costs of ₹49.05 crore are 10.6% of total income this quarter, and depreciation of ₹118.99 crore rose 25.1% YoY.
Tax expense is small at ₹0.44 crore, or 1.4% of profit before tax. The statement does not give a reason for the change in the tax line.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 385.53 | 321.84 | +19.8% | 374.11 | +3.1% | |
| Revenue from operations | 359.97 | 295.74 | +21.7% | 350.16 | +2.8% |
| Other income | 25.56 | 26.11 | -2.1% | 23.95 | +6.7% |
| 29.50 | 15.05 | +96.0% | 22.58 | +30.6% | |
| Profit before tax | 21.81 | 9.64 | +126.2% | 19.35 | +12.7% |
| Finance costs | 49.05 | 46.95 | +4.5% | 48.65 | +0.8% |
| Depreciation | 118.98 | 95.11 | +25.1% | 113.14 | +5.2% |
| Tax expense | 0.00 | 0.00 | n/a | 0.00 | n/a |
| Net profit margin | 7.65% | 4.68% | +2.98 pp | 6.04% | +1.61 pp |
| EPS, basic (₹) | 4.12 | 2.11 | +95.3% | 3.15 | +30.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit of ₹29.50 crore is ₹1.30 crore below consolidated net profit of ₹30.80 crore, and standalone profit before tax of ₹21.81 crore is well below consolidated profit before tax of ₹31.24 crore. The standalone profit for the quarter of ₹294.97 million includes ₹76.87 million from discontinued operations, the Design and Build business.
Standalone other income of ₹25.56 crore is 117.2% of profit before tax of ₹21.81 crore.
Inference
The filing says the Design and Build business transfer to Awfis Transform Private Limited, a wholly owned subsidiary, is deferred beyond the end of calendar year 2026, with the revised completion timeline not yet finalised and management expecting the requirements to be completed in the next twelve months. The consideration will be set by an updated valuation report, so the final purchase price is not known. The filing also records an arbitration award of ₹8.27 crore against the company in favour of the lessor, which the company disputes; no provision has been recognised. The filing does not give a reason for the Company Secretary's resignation beyond personal reasons.
Filed with BSE on . Reference: Original filing (PDF)
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