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AWFIS REVENUE GROWTH
Flex office firms' earnings jump on strong demand, premium shiftFlexible workspace firms WeWork India, Smartworks, IndiQube, and Awfis reported robust revenue growth and improved margins in the last fisc...- Awfis Space Solutions shares surge 9% after Q4 profit jumps 107% YoYAwfis Space Solutions shares saw a significant jump after the company announced a more than two-fold increase in net profit for the March 2...
- Awfis Q4 profit doubles, revenues up 20% YoY on GCC boom and AI-led expansionCo-working spaces remained the company’s biggest revenue contributor, accounting for more than 83% of operating revenues. Income from the s...
- Indian flexible workspace sector crosses 100 mn sq ft; eyes $10 bn valuation by 2028India's flexible workspace sector has surpassed 100 million sq ft. It is projected to reach a $9-10 billion valuation by 2028. Operators ar...
- Awfis’ revenues grow 25% to Rs 367 crore, but profits slideTotal expenses during the quarter increased to Rs 377 crore from Rs 287 crore a year prior. A significant portion of this was due to deprec...
- Awfis Space Q1 Results: Profit rises threefold, revenue up 30%Operating Ebitda of the office space sharing company was up 60% YoY at Rs 127 crore, with the margin expanding 38%. Also, the company’s boa...
- Is Indiqube Spaces' IPO a risky bet amidst growing losses?Indiqube Spaces, a workplace solutions firm, is set to launch an IPO to raise ₹650 crore for capex and debt repayment, alongside a ₹50 cror...
- Awfis Space Solutions shares in focus after nine-fold jump in Q4 profit; revenue up 46%Awfis Space Solutions reported a sharp jump in Q4FY25 profit to Rs 11.3 crore, up over nine times YoY, while revenue rose 46% to Rs 339 cro...
- Awfis elevates deputy CEO Sumit Lakhani to chief executive officerAwfis has appointed Sumit Lakhani as its new CEO, succeeding founder Amit Ramani, who will continue as chairman and managing director. Lakh...
- Awfis reports 44% rise in Q3 operating revenue at Rs 318 croreA rise in contributions from newly added seats and higher occupancy rates at existing centres helped. Also, the office space-sharing compan...
- Buy Awfis Space Solutions, target price Rs 1,049: ICICI SecuritiesICICI Securities maintains a buy rating for Awfis Space Solutions, raising the target price to Rs 1049 from Rs 730.2. Awfis reported strong...
- Awfis to enter more markets, offer customised offerings to boost growthWill focus on building capital-efficient managed aggregation model, entering new markets and expanding in existing ones, and investing in t...
- Awfis swings into black in Q4 FY24; posts Rs 1.3 crore profit versus Rs 13 crore loss YoYCCI cleared WeWork Inc's stake sale in the local coworking firm unit. Investors including the Enam group family office are investing in WeW...
- Awfis Space Solutions shares list at 14% premium over issue priceAwfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion ...
- Awfis aims to raise revenue by 50-60% yearly for 5 years"We have touched Rs 500 crore of annual recurring revenue (ARR) in October and will close FY23 with Rs 600 crore revenue, more than double ...
- Awfis set to add 40k seats by year-end as demand surgesThe company also aims to cross Rs 1,000 crore in annual revenue by the end of the next financial year, Awfis founder Amit Ramanitold ET. "W...
- Awfis elevates Sumit Lakhani to Deputy CEOLakhani has been instrumental in building the company from the ground up. He's played a key business role, not limited only to sales and ma...
- Awfis announces elevation of Sumit Lakhani as Deputy CEO“Awfis and will continue to strive to further enrich the experiences for our existing community and scale towards greater heights. Awfis is...
- Prestige Group and Awfis partner to offer co-working portfolio of half a million square feetIn February, Prestige and Awfis had entered into a pact to offer over 300,000 sq ft of Grade-A flexible office space within Prestige Group'...
- Awfis picks up 3 lakh sq ft on lease across 5 citiesThe company is planning to set up eight new centres across these five cities taking its total portfolio to 63 centres with 30,000 seats acr...
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