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Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits

EntrackrEntrackr ยท 1y ago
Awfis posts Rs 257 Cr revenue in Q1 FY25, improves profits
Medial

Co-working solutions provider Awfis filed its first quarterly results after going IPO. The Delhi based company witnessed 10.9% revenue growth with the profits spiking 102.9% during the same period. Awfisโ€™ revenue increased to Rs 258 crore in Q1 FY25 from Rs 232 crore in Q4 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Income from renting of co-working space and allied services contributed 72% of the firmโ€™s total operating revenue while construction and fit-out projects contributed 26% . On a sequential basis, its operating revenue increased by 37.31% from Rs 187.7 crore in Q1 FY24. Awfisโ€™ total expense increased by 10.57% to Rs 265.08 crore in Q1 FY25 from Rs 239.79 crore in Q4 FY24. Subcontracting cost and purchase of traded goods accounted for 24% of the total expense. Employee benefit, depreciation and amortization and finance costs were some other major expenses for the 10-year-old company. The consistent growth in scale helped Awfis to double its profit which stood at Rs 2.78 crore in Q1 FY25 as compared to Rs 1.37 crore in Q4 FY24. For context, Awfis posted a loss of Rs 8.3 crore in Q1 FY24. Awfis is currently trading at Rs 669.7 (as at the end of August 13) with the market capitalization of Rs 4648 crore (approximately $560 million).

Awfis posts Rs 318 Cr revenue and Rs 15 profits in Q3 FY25

EntrackrEntrackr ยท 9m ago
Awfis posts Rs 318 Cr revenue and Rs 15 profits in Q3 FY25
Medial

Awfis posts Rs 318 Cr revenue and Rs 15 profits in Q3 FY25 Co-working solutions provider Awfis has recorded a 44% year-on-year growth in its scale during the third quarter of the ongoing fiscal year. Moreover, the profits for the Delhi-based startup stood at Rs 15.1 crore in the same period. Awfisโ€™ revenue increased to Rs 318 crore in Q3 FY25 from Rs 221 crore in Q3 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Founded in 2015, Awfis offers customized office spaces for startups, SMEs, and large corporations, including ancillary services like food and beverages, IT support, and infrastructure services. Income from co-working space rentals and allied services formed 76.7% of the total operating revenue, which grew by 52.5% to Rs 244 crore in Q3 FY25 from Rs 160 crore in Q3 FY24. Income from construction and fit-out projects, facility management, and the sale of food items were other revenue drivers for Awfis. The company posted revenue of Rs 868 crore in the first nine months of the ongoing fiscal year, with a positive bottom line standing at Rs 56.6 crore. Awfisโ€™ total expenses increased by 36.6% year-on-year to Rs 317 crore in Q3 FY25 from Rs 232 crore in Q3 FY24. Subcontracting costs and the purchase of traded goods accounted for 22% of the total expenses. Employee benefits, depreciation, amortization, and finance costs were some other major expenses for the 10-year-old company. The 44% YoY growth helped Awfis register a profit of Rs 15.1 crore in Q3 FY25, compared to a loss of Rs 6.2 crore in Q3 FY24. On a sequential basis, Awfis recorded a profit of Rs 38.6 crore in the second quarter of the ongoing fiscal year. Awfis ended the day at Rs 664 per share, reflecting a 3.36% decline from its opening price. The company's total market capitalization stood at Rs 4,702 crore (approximately $559 million). Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

VBAP Holding sells Awfisโ€™ shares worth Rs 57 Cr

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VBAP Holding sells Awfisโ€™ shares worth Rs 57 Cr
Medial

VBAP Holdings Private Limited sold its 23.6% stake in co-working solutions firm Awfis through a bulk deal. According to a corporate disclosure on the National Stock Exchange, the firm offloaded 9,96,307 shares at Rs 570.12 per share for Rs 56.8 crore. As of March 2025, VBAP owned 42,17,712 shares of Awfis, forming a total of 5.92% of Awfis' total captable. Less than a week ago, QRG Investments offloaded Awfisโ€™ shares worth Rs 22 Cr through a bulk deal. Awfisโ€™ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The companyโ€™s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period. Awfisโ€™ stock is trading at Rs 565.8 (as of 11:55 AM) with a total market capitalization of Rs 4,061 crore.

QRG Investments offloads Awfisโ€™ shares worth Rs 141 Cr

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QRG Investments offloads Awfisโ€™ shares worth Rs 141 Cr
Medial

QRG Investments offloads Awfisโ€™ shares worth Rs 141 Cr QRG Investment has sold its 82% stake in co-working solutions firm Awfis through a bulk deal. The investor has offloaded its 24,07,800 shares at Rs 585.14 per share for Rs 140.9 crore. According to a corporate disclosure on the National Stock Exchange (NSE), the investor has offloaded its 24,07,800 shares at Rs 585.14 per share for Rs 140.9 crore. Prior to this, QRG had offloaded 3,67,408 Awfisโ€™ shares last month, aggregating to Rs 22 crore, taking its total disinvestment to 94% of its overall stake in the company. As of March 2025, QRG Investments owned 29,39,074 shares of Awfis, forming a total of 4.11% of Awfis' total captable. QRG Investments and Holdings Limited, the promoter holding arm of QRG Group, operates as a mid-tier NBFC. On the other hand, HSBC MUTUAL FUND picked up 9,18,300 shares of Awfis at a price of Rs 585 per share, which totaled to Rs 53.72 crore in a bulk deal. Earlier this month, VBAP Holdings Private Limited also sold its 23.6% stake in Awfis through a bulk deal for Rs 56.8 crore. Awfisโ€™ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The companyโ€™s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period. Awfisโ€™ stock is trading at Rs 577 with a total market capitalization of Rs 4,126 crore.

Awfisโ€™s profit declines nearly 60% in Q2 FY26

EntrackrEntrackr ยท 6d ago
Awfisโ€™s profit declines nearly 60% in Q2 FY26
Medial

Awfis reported its financial results for the second quarter of FY26, recording a 25% year-on-year increase in revenue, while its profit declined by nearly 60%. The companyโ€™s revenue from operations grew 25.5% year-on-year to Rs 366.86 crore in Q2 FY26 from Rs 292.38 crore in the same quarter last year. Founded in 2015, Awfis offers flexible office spaces for startups, SMEs, and large enterprises. Revenue from co-working spaces remained Awfisโ€™s largest segment, contributing 81% of its total revenue, growing 36% to Rs 297.4 crore in Q2 FY26. Meanwhile, the construction and fit-out projects segment generated Rs 69.45 crore. Other income added Rs 26.11 crore, taking the total income for the quarter to Rs 393 crore. Depreciation cost was Rs 95 crore, finance costs rose to Rs 47 crore, and employee benefit expenses declined to Rs 33 crore. Overall expenses increased 31% year-on-year to Rs 376.64 crore in Q2 FY26. The firmโ€™s net profit declined nearly 60% year-on-year to Rs 16 crore in Q2 FY26 from Rs 38.6 crore in Q2 FY25. Awfisโ€™ stock surged nearly 5% to close at Rs 637.1, with a market capitalization of Rs 4,555.84 crore at the end of the trading session.

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