Awfis Space Solutions shares surged over 8% in early morning trade following the announcement of strong Q1 results for the fiscal year 2026. As of 9:21 AM, the shares were trading 8.35% higher at Rs 605.20.
The company reported a robust performance with consolidated revenue rising nearly 30% year-on-year to reach Rs 334.70 crore, up from Rs 257.70 crore in the same quarter last year.
Net profit saw a remarkable jump, climbing to Rs 9.90 crore from Rs 2.70 crore in Q1 FY25, reflecting significant growth in profitability. EBITDA also posted an impressive increase of 60%, reaching Rs 126.50 crore compared to Rs 78.90 crore during the corresponding period. This improvement boosted the EBITDA margin to 37.8%, a sharp rise from 30.6% in the previous year.
The strong financial results have clearly resonated with investors, pushing Awfis Space Solutions shares higher. On the trading day, the stock opened at Rs 619.65 and reached an intraday high of Rs 619.65, well above its previous close of Rs 558.55. Despite the recent gains, the stock remains below its 52-week high of Rs 946.00 but comfortably above the 52-week low of Rs 545.50.
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