Awfis Space Solutions Limited Sets Q2 FY27 Results for November 3

Awfis Space Solutions Limited will consider its Q2 FY27 results on 3 November 2026 after reporting revenue from operations of ₹425 crore in Q1 FY27, up 27% year on year. The board meeting covers the quarter ended 30 September 2026 and gives investors the next reported update on growth, profitability and workspace expansion.

When will Awfis announce its Q2 FY27 results?

Awfis will consider and announce its Q2 FY27 financial results at a board meeting scheduled for 3 November 2026. The company filed its board-meeting notice on 28 October 2026, resolving earlier uncertainty around the result date.

The September 2026 quarter covers the period from 1 July to 30 September 2026. Awfis has also scheduled an earnings conference call for 4 November 2026 at 10:30 a.m. IST, when its Chairman, Chief Executive Officer and Chief Financial Officer are expected to discuss unaudited standalone and consolidated results for Q2 and H1 FY27.

The supplied information does not provide Q2 FY27 revenue, profit or margin figures. As a result, the forthcoming announcement should be assessed using reported historical figures rather than unverified estimates.

What did Awfis report in its latest quarter?

Awfis reported revenue from operations of ₹425 crore in Q1 FY27, compared with ₹335 crore in Q1 FY26 and ₹410 crore in Q4 FY26. This represented year-on-year growth of about 27% and sequential growth of 3.6%.

Consolidated net profit for the June 2026 quarter was ₹24 crore, up from ₹10 crore in Q1 FY26 and marginally above the ₹23.25 crore to ₹23.96 crore range reported for Q4 FY26 in the provided data. Profit before tax was ₹24 crore, while reported EBITDA was ₹162 crore, up 28% year on year.

Awfis said its EBITDA margin reached 38.2% in Q1 FY27. The company also reported a return on capital employed of 55%. These metrics will be relevant reference points when management discusses the September quarter, although no Q2 guidance or verified market consensus estimate has been provided.

What is the comparison base for the September quarter?

Awfis enters Q2 FY27 against a reported Q2 FY26 base of ₹367 crore in revenue and ₹16 crore in consolidated profit. Revenue in that September 2025 quarter grew 26% year on year, while EBITDA rose 32% to ₹132 crore.

The Q2 FY26 profit was lower than some earlier comparisons because consolidated profit declined 59% year on year, partly due to a high base effect. This makes both the revenue base and profit base important for reading the upcoming September 2026 results.

The company has not disclosed a verified analyst estimate for Q2 FY27 in the information provided. Investors therefore have no confirmed consensus number against which to judge the result before the announcement. Key reported measures will include revenue, net profit, EBITDA or operating profitability, and any exceptional items disclosed in the financial statements.

How is Awfis expanding its flexible-workspace network?

Awfis operated 242 centres across 18 cities as of 30 June 2026, with another nine centres under fit-out. Including signed letters of intent, its pipeline stood at 267 centres, indicating continued network additions alongside its established operating portfolio.

During Q1 FY27, the company entered a partnership with Pune-based Malpani Estates for two Grade A+ properties covering 1.4 lakh square feet. Awfis described the arrangement as a joint-branding construct intended to add premium supply with lower balance-sheet intensity.

The company separately added about 1,00,000 square feet of premium workspace through a new Delhi centre in September 2026. Flexible-office operators typically take space on lease, fit it out and offer desks, cabins and managed offices to corporate customers. Network additions and occupancy trends can therefore affect both revenue growth and operating costs.

What should investors watch in the Q2 FY27 announcement?

Investors should watch whether Awfis maintains revenue growth relative to the ₹367 crore Q2 FY26 base and whether profit remains above the ₹16 crore reported in that period. The June quarter's ₹425 crore revenue and ₹24 crore profit provide the most recent reported benchmark.

Management commentary on centre additions, occupancy, customer demand and the mix between co-working services and Transform construction and fit-out services will also matter. In Q1 FY27, co-working and allied services generated ₹352 crore, while the Transform business generated ₹73 crore.

Awfis has set a revenue target above ₹1,800 crore for FY27, citing demand for co-working and flexible workspace. The company has also extended the timeline for the slump sale of its Design and Build business from 28 February 2026 to the end of calendar 2026, citing procedural, administrative and operational requirements. Updates on either matter could be relevant to its operating structure and financial disclosures.

Conclusion

The 3 November board meeting is the next formal earnings event for Awfis after Q1 FY27 revenue rose to ₹425 crore and consolidated net profit reached ₹24 crore. The September-quarter result will show how the company performed against its Q2 FY26 base of ₹367 crore in revenue and ₹16 crore in profit while it continued to expand its workspace network.

Investors should watch the 4 November earnings call for management's explanation of revenue mix, profitability, network additions and progress toward the above-₹1,800 crore FY27 revenue target. Any update on the Design and Build business transaction, whose completion timeline extends to the end of 2026, will also require attention.