Awfis Space Solutions Q2 Net Profit Jumps 92.5% YoY to ₹30.8 Crore as Revenue Scales

Key numbers

Market Cap	₹1,728.11 CrDiversified Consumer Services
PE TTM	20.37Industry PE 23.6
RSI	48.62Neutral Zone
1-Year Return	-59.76%Price Performance

Key highlights

• Consolidated revenue from operations reached ₹439 crore in Q2 FY27, up from ₹367 crore in Q2-26
• Net profit saw a sequential growth of 28.3% compared to the ₹24.0 crore reported in Q1 FY27
• Operating margin expanded to 6.7% in the current quarter from 4.1% in the same period last year
• The Board approved the appointment of Ms. Juhi Garg as Company Secretary and Compliance Officer effective November 11, 2026
• Timeline for the slump sale of the Design & Build business has been deferred by up to twelve months due to procedural requirements

Operating Efficiencies Drive Margin Expansion

Awfis Space Solutions demonstrated significant operational leverage during the September 2026 quarter, with its operating margin improving to 6.7%. Consolidated revenue from operations stood at ₹439 crore, marking a steady 3.3% sequential rise. The company's net profit reached ₹30.8 crore, nearly doubling the ₹16.0 crore achieved in the corresponding quarter of the previous fiscal year.

This growth trajectory is supported by the management's earlier guidance on August 13, 2026, targeting the addition of 22,000 to 25,000 gross seats throughout FY27 to meet rising demand for managed flexible workspaces.

Leadership Transition and Business Restructuring

• Ms. Shweta Gupta resigned as Company Secretary and Compliance Officer, effective November 10, 2026
• Ms. Juhi Garg appointed as the new Company Secretary and Key Managerial Personnel starting November 11, 2026
• The slump sale of the Design & Build business to subsidiary Awfis Transform Private Limited has been deferred
• Revised completion timeline for the transfer is now expected within the next twelve months
• The deferral is necessitated by administrative and transition-related procedural requirements
• Design & Build vertical reported a profit of ₹7.69 crore for the quarter as a discontinued operation

Deferral of Business Transfer

The deferral is necessitated by procedural, administrative, operational and transition-related requirements that need to be addressed before completion of the transaction.

Market Context and Valuation Summary

Despite the strong quarterly earnings, the stock has faced significant pressure over the past year, declining 59.76% from its previous levels. However, its current valuation metrics show a TTM Price-to-Earnings ratio of 20.37, which is lower than the sector average of 35.22 and the specific industry PE of 23.6. The company maintains a healthy institutional holding of 61.48%, although mutual funds reduced their stake by 2.58% in the latest quarter.

The financial results highlight a robust return on equity of 12.82% annually, even as the stock trades near its 1-year low of ₹216.45.

What to watch next

• Effective date of Ms. Juhi Garg's appointment as Compliance Officer on November 11, 2026
• Finalization of updated valuation report for the Design & Build business transfer in 2027
• Completion of the annual target to add 22,000 to 25,000 gross seats by March 31, 2027
• Filing of petition before the Hon'ble High Court of Delhi regarding the ongoing arbitration award with Ruby Infotech

“The revised completion timeline has not yet been finalised, and will be determined after taking into account the time required to address these requirements which the management expects to complete in the next twelve months.”

Awfis Space Solutions · financial snapshot

Share price	₹241.48
Market capitalisation	₹1,728.11 Cr
Revenue (annual)	₹1,493.48 Cr
Net profit (annual)	₹70.85 Cr
Revenue (latest quarter)	₹424.92 Cr+3.60% vs previous quarter
Net profit (latest quarter)	₹23.96 Cr+3.08% vs previous quarter
P/E (TTM)	20.37×Sector 35.22×
Promoter holding	17%0.00% QoQ
FII holding	25.37%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.