๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

Awfis posts Rs 340 revenue and 8X profit jump in Q4 FY25

EntrackrEntrackr ยท 1m ago
Awfis posts Rs 340 revenue and 8X profit jump in Q4 FY25
Medial

Co-working solutions provider Awfis demonstrated notable financial performance in the last quarter of FY25, recording a 47% year-on-year growth in revenue and an 8X increase in profit during the same period. Awfisโ€™ revenue from operation increased to Rs 340 crore in Q4 FY25 from Rs 232 crore in Q4 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). When it comes to the full fiscal year (FY25), Awfisโ€™ operating revenue increased over 40% to Rs 1,208 crore in FY25. Importantly, the firm also turned profitable on a yearly basis registering Rs 68 crore profit in FY25. Income from co-working space rentals and allied services accounted for 79% of Awfis's total operating revenue, which grew by 60% year-over-year to Rs 269 crore in Q4 FY25, up from Rs 168 crore in Q4 FY24. Other revenue contributors included construction and fit-out projects, facility management, and the sale of food items. Awfis also earned other income of Rs 18 crore during the quarter, bringing its overall revenue to Rs 358 crore in the last quarter of FY25. 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, among others. Awfisโ€™ total expenses increased by 45% year-on-year to Rs 347.5 crore in Q4 FY25 from Rs 240 crore in Q4 FY24. Depreciation and amortization expenses was the largest cost centre for the co-working firm, accounting for 23% of total expenses which rose 60% to Rs 82 crore. Subcontracting costs and purchase of traded goods increased by 27% to Rs 66 crore. The rest of the major expenses include employee benefit expenses which declined 19% to Rs 29.5 crore and finance costs jumped 79% to Rs 42.6 crore. The 47% YoY growth helped Awfis register over 8X profit year-on-year of Rs 11.2 crore in Q4 FY25 as compared to Rs 1.4 crore in Q4 FY24. Awfis ended the day at Rs 648.10 per share, with a total market capitalization of Rs 4,599 crore (approximately $541 million). Along with Q4 FY25 results, Awfis also elevated Sumit Lakhani chief executive officer (CEO) of the company from deputy CEO. Lakhani joined Awfis in May 2015 as chief marketing officer (CMO) of the company.

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

EntrackrEntrackr ยท 4m 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.

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

EntrackrEntrackr ยท 10m 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 income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT

EntrackrEntrackr ยท 7m ago
Awfis income crosses Rs 300 Cr in Q2 FY25, posts Rs 38 Cr PAT
Medial

Co-working solutions provider Awfis has registered decent growth in its revenue while maintaining profitability in the second quarter of FY25. The companyโ€™s revenue from operations surged 40.5% year-on-year to Rs 292.38 crore in Q2 FY25 from Rs 208.15 crore in the same quarter last year. Other income contributed an additional Rs 9.56 crore which drove its total income of Rs 301.95 crore for the quarter. On a quarterly basis, the firm's revenue jumped 13.46% from Rs 258 crore in Q1 FY25. Founded in 2015, Awfis provides office spaces for startups, SMEs, and large corporations, along with services such as food and beverages, IT support, and infrastructure solutions. Revenue from co-working spaces remained the largest segment that grew 43.1% to Rs 218.31 crore in Q2 FY25 from Rs 152.56 crore in Q2 FY24. The construction and fit-out projects segment brought in Rs 68.15 crore, while other services brought in Rs 5.9 crore to the overall revenue in Q2 FY25. Subcontracting cost was the largest burn which stood at Rs 56.13 crore, whereas employee benefits expenses increased to Rs 39.38 crore. Depreciation and amortization expenses grew 33.5% YoY to Rs 64 crore. Finance costs amounted to Rs 30.4 crore which pushed the firmโ€™s total cost to Rs 287.29 crore in the September quarter. With an exceptional item income of Rs 24 crore, Awfis posted a profit after tax of Rs 38.67 crore. Awfisโ€™ stock was listed on the NSE on May 30, opening at Rs 435 with a 13.58% premium over the issue price of Rs 383. Before Mondayโ€™s market closure, the companyโ€™s shares were trading at Rs 776.

Download the medial app to read full posts, comements and news.