AWFIS Space Q2 FY27 Results (NSE: AWFIS)
Signal: Growth decelerated
The read
Revenue growth remained positive at 21.7% YoY but moderated from 25.7%-29.8% in the immediately preceding quarters; total PAT growth of 96.0% was amplified by 76.87 million from discontinued operations and other income of 255.61 million, while the Design & Build transfer was deferred beyond end-2026.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹359.97 Cr | +21.7% | +2.8% |
| Net profit | ₹29.5 Cr | +96.0% | |
| EPS | ₹4.12 | +98.1% | |
| EBIT margin | N/A |
P&L walk
Standalone revenue was 3599.69 million, +21.7% YoY and +2.8% QoQ; continuing-operations PBT was 218.10 million, while total PAT reached 294.97 million, with 76.87 million contributed by discontinued operations and 255.61 million of other income.
Key positives
- Revenue from operations increased to 3599.69 million, +21.7% YoY and +2.8% QoQ, sustaining growth despite sequential moderation from the prior quarter.
- Employee benefits expense declined 1.2% YoY to 272.97 million while revenue grew 21.7% YoY, supporting cost intensity.
- Property, plant and equipment increased 8.8% from 6341.54 million to 6897.60 million, and the depreciation-to-capex cross-check was clean.
- Basic EPS rose 98.1% YoY to ₹4.12, broadly tracking 96.0% PAT growth.
Key concerns
- Revenue growth moderated to 21.7% YoY from 25.7% in Q2FY26? No: the recent series shows 25.7% in Q2FY26 and 20.1% in Q3FY26; the current 21.7% is above Q3FY26 but below Q1FY27's 26.9%.
- Continuing-operations PBT was 218.10 million against other income of 255.61 million, making the quarter's operating earnings quality dependent on non-operating income.
- The Design & Build transfer was deferred beyond end-2026, with no revised completion date, extending execution and restructuring uncertainty.
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