• Event Type: Earnings Conference Call regarding unaudited financial results for Q1 FY27 (quarter ended June 30, 2026).
  • Event Date and Time: Thursday, August 13, 2026, at 05:30 P.M. (IST).
  • Purpose: Discussion of Q1 FY27 unaudited financial results and business performance.
  • Management Participants: Mr. Amit Ramani (Chairman and Managing Director), Mr. Sumit Lakhani (Chief Executive Officer), Mr. Sumit Rochlani (Chief Financial Officer).
  • Moderator: Mr. Rahul Kundnani from Nirmal Bang Institutional Equities.
  • Presentation Availability: The Q1 FY27 results presentation was uploaded on the exchanges and available on the company website at https://www.awfis.com/investor-relations/initial-public-offer/financials.
  • Transcript: The transcript of the earnings conference call was filed with the exchanges on August 19, 2026.
  • Compliance Language: The call contained forward-looking statements based on beliefs, opinions, and expectations of the company as of the call date, with disclaimer that these are not guarantees of future performance.

Financial Highlights Discussed

  • Q1 FY27 Financial Performance: Revenue grew 27% YoY to INR425 crores, EBITDA increased 28% YoY to INR162 crores, with EBITDA margin expanding to 38.2%. Profit before tax stood at INR24 crores, up 135% YoY.
  • Segment Performance: Co-working and Allied services segment grew 27% YoY to INR352 crores. Transform business (construction and fit-out services) grew 25% YoY to INR73 crores.
  • Cash EBITDA: Introduced as a new metric, stood at INR44 crores (up 34% YoY) with cash EBITDA margins at 10.1%.
  • Balance Sheet: Maintained net cash position with net debt-to-equity ratio at -0.08x. ROCE sustained at 55%.
  • Guidance: Full-year revenue expected to exceed INR1,800 crores with Co-working business growing 23-25% YoY and Transform scaling at about 20%. Full-year cash EBITDA guidance of INR190-200 crores.

Operational Highlights

  • Network Expansion: As of June 30, 2026, operated 242 centers across 18 cities with 9 centers under fit-out (total 251 centers). Including signed LOIs, pipeline stands at 267 centers.
  • Seat Capacity: Operational capacity of approximately 159,000 seats, total capacity including centers under fit-out reached 170,000 seats. Including signed LOIs, total supply stands at over 185,000 seats.
  • Occupancy: Blended occupancy held steady at 76%. Occupancy across centers operational for more than 12 months stood at 83% (marginally lower due to one-off client exit).
  • Client Base: Active client base increased to over 3,600 clients. Weighted average client tenure increased to 38 months, average lock-in tenure improved to 26 months.
  • GCC Business: Serving 100+ unique GCC clients contributing 24% of rental revenue across nine cities in India.

Growth Strategy Updates

  • Premiumization: Expanded Elite portfolio from 8 to 10 centers, Gold portfolio remained at 27 centers. Signed partnership with Malpani Estates for two Grade A+ assets in Pune (1.4 lakh square feet).
  • Multi-format Supply: Signed six Grade A+ properties across premium micro-markets with seven more properties in pipeline (~3 lakh square feet).
  • Seat Addition Guidance: On track to add 22,000-25,000 seats on gross basis for FY27.
  • Capex Guidance: Approximately INR200-210 crores for FY27.

Additional Notes

  • Attachments: The regulatory filing included the transcript of the earnings conference call.
  • Financial Data: The announcement contained detailed financial results and operational metrics for Q1 FY27.
  • Compliance: Filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.