Awfis Space Solutions announced its unaudited financial results for Q3FY26 through a regulatory filing dated February 02, 2026. The Board of Directors approved the quarterly results for the quarter and nine months ended December 31, 2025, demonstrating robust operational performance across key business segments.

Financial Performance Highlights

The company reported strong operating revenue of ₹382 crores for Q3FY26, representing a growth of 20% year-on-year. Operating EBITDA grew by 30% to ₹139 crores, with EBITDA margins expanding by 270 basis points to 36.5%, reflecting improved scale efficiencies and operating leverage. Profit after tax (excluding exceptional items) stood at ₹22 crores, marking a growth of 52% year-on-year.

Segment-wise Performance Analysis

The co-working and allied services segment demonstrated robust growth of 32% year-on-year, driving the overall revenue performance. This growth was supported by sustained demand across enterprise and GCC clients, along with disciplined execution of the company's capital-efficient expansion strategy.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company reported operating revenue of ₹1,083 crores, representing a growth of 25% year-on-year. Operating EBITDA for the nine-month period grew by 39% to ₹398 crores, with margins expanding by 373 basis points to 36.7%. Profit after tax (excluding exceptional items) stood at ₹48 crores, reflecting growth of 50% year-on-year.

Operational Expansion and Network Growth

During Q3FY26, the company added 10 new centres and 8,000 seats, expanding its network to 257 centres with approximately 177,000 seats across 18 cities. For the nine-month period, the company added 22,000 seats, contributing to a year-over-year growth of 34,000 seats. All new supply additions were in Grade A/A- assets, with 7 new additions to the Gold/Elite portfolio.

Strategic Business Developments

The company maintains strong growth visibility through its Managed Aggregation model, with around 62% of signed supply under this capital-efficient approach. Multi-centre clients now account for around 46% of the client base, reflecting deeper relationships and growing pan-India mandates. The GCC portfolio continues expanding with 80+ unique GCC clients representing 21% of rental revenue share.

Management Commentary

Mr. Amit Ramani, Chairman and Managing Director, highlighted the strong operational and financial performance driven by sustained enterprise demand and disciplined execution. He noted the company's annualized ROCE at 66% and ROE at 17%, demonstrating superior capital efficiency. The management emphasized favourable industry tailwinds and the company's positioning to capture demand across client cohorts.

Awfis Space Solutions Limited has successfully obtained shareholder approval for the sale and transfer of its Design and Build Business to its wholly owned subsidiary through a postal ballot process. The special resolution was passed with overwhelming support, demonstrating strong shareholder confidence in the proposed corporate restructuring.

Postal Ballot Results

The postal ballot process concluded on January 22, 2026, with shareholders decisively approving the transfer of the company's Design and Build Business (D&B Business/Undertaking) on a slump sale basis to Awfis Transform Private Limited (ATPL). The voting results showed exceptional support across all shareholder categories.

Category-wise Voting Pattern

The voting pattern across different shareholder categories revealed strong support from institutional and retail investors alike. Promoter and promoter group showed complete unanimity in their support for the resolution.

E-voting Process Details

The remote e-voting process was conducted in accordance with the provisions of the Companies Act, 2013, and SEBI regulations. The voting commenced on December 24, 2025, at 09:00 AM IST and concluded on January 22, 2026, at 05:00 PM IST. CS Rupinder Singh Bhatia served as the scrutinizer for the postal ballot process, ensuring transparency and compliance with regulatory requirements.

Corporate Restructuring Initiative

The approved resolution involves the transfer of Awfis Space Solutions' Design and Build Business undertaking to ATPL, its wholly owned subsidiary, on a slump sale basis. This strategic move represents a significant corporate restructuring initiative aimed at optimizing business operations and organizational structure.

The successful completion of this postal ballot process enables Awfis Space Solutions to proceed with the planned business transfer, reflecting the company's strategic approach to business optimization and subsidiary management.