Q2 FY27 media release: revenue rises 31.6% YoY to ₹768.7 Cr, PAT up 67.4%
Results for the quarter and half year ended 30 September 2026.
By ScoutQuest · · 2 min read
- Q2 Revenue
- ₹768.7 Cr, up 31.6% YoY
- Q2 PAT
- ₹65.8 Cr, up 67.4% YoY
- H1 Revenue / PAT
- Revenue ₹1,466.7 Cr, PAT ₹119.0 Cr
What the release covers
The company shared a media release on its unaudited financial results for the quarter and half year ended 30 September 2026. The release sets out revenue, profit, capacity addition and cash flow numbers, along with management comment. All figures are stated on an IGAAP-equivalent basis, without the benefit of non-cash rent straight-lining under IndAS 116, and are net of ESOP costs.
Quarter (Q2 FY27) numbers
- Revenue of ₹768.7 Cr, up 31.6% YoY and 10.1% QoQ.
- EBITDA of ₹162.9 Cr, up 37.6% YoY, with EBITDA margin at 21.2%.
- Profit after tax of ₹65.8 Cr, up 67.4% YoY and 23.7% QoQ, with PAT margin at 8.6%.
Half year (H1 FY27) numbers
- Revenue of ₹1,466.7 Cr, up 30.1% YoY.
- EBITDA of ₹301.2 Cr, up 50.6% YoY, margin expanding to 20.5%.
- Profit after tax of ₹119.0 Cr, up 149.5% YoY, margin at 8.1%.
Capacity and demand
- Added 11.7k desks in Q2 FY27, described as its largest-ever capacity addition, taking operational capacity to 145.3k desks (up 8.8% QoQ and 26.9% YoY).
- H1 FY27 additions stood at 18.4k desks, with a further 4.5k desks operationalised in the first week of October 2026.
- Member base of 121.7k, up 7.3% QoQ and 32.5% YoY.
- Operational footprint of 9.8 million sq. ft. across 85 centres in 8 cities; total committed footprint 13.0 million sq. ft.
- Mature centre occupancy at 87.7%; NPS at 79.
Cash, returns and borrowings
- Free Cash Flow from Operations of ₹237.7 Cr, up 67.5% QoQ and 149.2% YoY, described as 1.5x EBITDA conversion.
- Free Cash Flow to Firm of ₹61.9 Cr, up ₹108.0 Cr QoQ.
- ROCE of 34.5%, up 590 bps QoQ and 1,235 bps YoY.
- Cost of borrowing maintained at 8.5%, with an A+ credit rating cited.
- The company moved to a net cash position of ₹23.1 Cr, from net debt of ₹310.5 Cr a year earlier.
Other points in the release
- Global capability centres contributed 40.8% of core revenue.
- Revenue from digital products grew 45.6% YoY to ₹29.2 Cr.
- The release cites CBRE data that flexible workspace operators accounted for 24% of overall office leasing in Q3 CY2026.
How a retail reader can frame this
The release is a company-issued summary of its own quarterly performance, so it is a company narrative rather than an independent view. The key items to weigh are the pace of desk additions against member additions, whether margins held while capacity was added, and the shift from net debt to net cash. The release also carries a safe harbour statement noting forward-looking statements involve risks and uncertainties.
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27 Oct 2026
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More numbers
- Q2 FY27 revenue₹768.7 Cr
- Q2 FY27 revenue growth YoY31.6%
- Q2 FY27 EBITDA₹162.9 Cr
- Q2 FY27 PAT₹65.8 Cr
- H1 FY27 revenue₹1,466.7 Cr
- H1 FY27 PAT₹119.0 Cr
- Total members121.7k
- Desks added in Q2 FY2711.7k desks
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