Q4 2026 Awfis Space Solutions Ltd Earnings Call Transcript
Key Points
- Awfis Space Solutions Ltd (NSE:AWFIS) reported a 24% year-on-year increase in revenue from operations for FY26, reaching INR1,493 crores.
- The company's co-working and Allied Services segment grew by 35% to INR1,237 crores, adding INR321 crores of incremental revenue.
- Operating EBITDA increased by 37% year-on-year to INR550 crores, with margins expanding to 36.8%.
- Awfis maintained a net cash position throughout the year, with a net debt to equity ratio of negative 0.20.
- The company achieved a return on capital employed (ROCE) of over 60%, reflecting strong capital efficiency.
- The Design and Build (D&B) segment experienced softness, impacting consolidated revenue growth.
- The company faced a 5% closure rate in its seat portfolio due to portfolio rebalancing and exiting certain centers.
- There was a significant increase in the payment of principal portion of lease liabilities due to new seat additions and escalations.
- Awfis's revenue-to-rent ratio stands at 2.3%, which may be a concern compared to peers.
- The company has not reported any other income for FY26, unlike INR132 million in FY25, due to the sale of its facility management services business.
Ladies and gentlemen, good day, and welcome to the Awfis Space Solutions Limited Q4 FY26 earnings conference call hosted by Asian Market Securities. (Operator Instructions) Please note that this conference is being recorded.
This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict.
I now hand the conference over to Mr. Vikrant Kashyap from Asian Market Securities. Thank you, and over to you, Mr. Kashyap.
Thank you. Good evening, everyone. On behalf of Asian Market Securities, we welcome you to the Q4 FY26 earnings conference call of Awfis Space Solutions. Today, we have from the management team, Mr. Amit Ramani, Chairman and MD; Mr. Sumit Lakhani, CEO; and Mr. Sumit Rochlani, CFO.
I now hand over the call to Mr. Amit Ramani
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