Q3 2026 Awfis Space Solutions Ltd Earnings Call Transcript
Key Points
- Awfis Space Solutions Ltd (NSE:AWFIS) reported a 20% year-on-year revenue growth for Q3 FY26, reaching INR382 crores.
- EBITDA increased by 30% year-on-year to INR139 crores, with margins expanding by 270 basis points.
- The Co-working and Allied Services segment grew by 32% year-on-year, contributing 84% of total revenue.
- Awfis added 8,000 new seats during the quarter, bringing total capacity to around 152,000 operational seats.
- The company maintains a strong liquidity position with a net debt-to-equity ratio at minus 0.06% as of December 31, 2025.
- The Awfis Transform segment saw a revenue decline due to temporary project deferrals and execution delays linked to GRAP IV pollution norms.
- Occupancy levels are at 75%, which, while improved, still leaves room for growth.
- The company reduced its seat addition guidance from 40,000 to 32,000 seats for the financial year.
- The construction and fit-out business experienced a 10% year-on-year decline in revenue for the nine-month period.
- The transform business faced margin deterioration due to lower managed aggregation seat addition and GRAP restrictions.
Ladies and gentlemen, good day, and welcome to the Awfis Space Solutions Limited Q3 FY26 earnings conference call hosted by Ambit Capital Private Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Shamit Ashar from Ambit Capital Private Limited. Thank you, and over to you, sir.
Yes. Thank you. Good evening, everyone. On behalf of Ambit Capital, I would like to welcome you all to the Third Quarter and 9-Month FY26 Earnings Conference Call of Awfis Space Solutions Limited. From the management, we have with us Mr. Amit Ramani, Chairman and Managing Director; Mr. Sumit Lakhani, CEO; Mr. Ravi Dugar, CFO; and Mr. Sumit Rochlani, Deputy CFO. We would like to now begin the call with opening remarks from the management, post which we will have the forum open for an interactive Q&A session.
Thank you, and over to you, Amit and Sumit.
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