Awfis Space Solutions Approves Q1 Results, Appoints Abhishek Poddar as Independent Director
Awfis Space Solutions Limited announced key decisions following its Board of Directors meeting held on August 13, 2026. The board approved the unaudited financial results (UFRs) for the quarter ended June 30, 2026, and made decisions regarding internal auditing and a new independent directorship appointment.The company’s standalone UFR showed total income of 3,741.11 million and profit for the period from continuing operations at 193.54 million. The consolidated results registered total income of 4,488.75 million against total expenses of 4,244.57 million, resulting in a profit for the period of 239.64 million.
The UFRs were reviewed by Walker Chandiok & Co LLP, Chartered Accountants, which issued a limited review report with an un-modified opinion on the standalone results.
Governance and Auditing Updates
During the meeting, the Board of Directors also approved and recommended the re-appointment of Protiviti India Members Private Limited as Internal Auditors for the Financial Year 2026-27, based on recommendations from the Audit Committee.The board formally approved the appointment of Mr. Abhishek Poddar (DIN: 00031175) as a Non-Executive Independent Director. This position is scheduled to commence from July 01, 2026, for a term of five consecutive years, concluding on June 30, 2031.
Mr. Poddar, described as an industrialist and philanthropist, holds interests in manufacturing, trading tea, and the manufacturing of industrial explosives through his role at M B Group. He is also the Founder-Trustee of Museum of Art & Photography (MAP). Mr. Poddar studied at The Doon School, Dehradun, and graduated in Commerce from St Xaviers - Calcutta University.
Financial Performance Highlights for Quarter Ended June 30, 2026
The financial results provide insight into the performance across both standalone and consolidated operations. A summary of the key figures is presented below:| Metric | Standalone (₹ '000s) | Consolidated (₹ '000s) |
|---|---|---|
| Total Income | 3,741.11 | 4,488.75 |
| Total Expenses | 3,547.57 | 4,244.57 |
| Profit Before Tax | 193.54 | 244.18 |
| Profit for the Period (Total) | 225.82 | 239.64 |
Segment Revenue Analysis
The consolidated results show diverse performance across segments, including co-working space and construction and fit-out projects. For the quarter ended June 30, 2026:| Segment | Revenue from Operations (₹ '000s) |
|---|---|
| Co-working Space on Rent and Allied Services | 3,313.46 |
| Construction and Fit-out Projects | 733.78 |
| Total Revenue from Operations | 4,249.24 |
The company also noted that it has allotted 22,695 equity shares through the Employee Stock Option Plan 2015 (EDSOP 2015) and granted 61,830 Employee Stock Options under the Awfis Space Solutions Employee Stock Option Scheme - 2024 during the quarter.
AWFIS Stock Price Movement
Awfis Space Solutions Limited shares today slipped by 1.48% to settle at ₹272 after trading in the post-market session. The stock recorded a traded volume of 351,704 shares for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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