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Awfis posts Rs 38.67 Cr profit in Q2 FY25 as revenue surges 40%

  • Co-working space provider Awfis Space Solutions reported a 40.46% surge in revenue to Rs 292.38 crore in Q2 FY25.
  • Awfis recorded a net profit of Rs 38.67 crore in the latest quarter, compared to a loss of Rs 4.34 crore in Q2 FY24.
  • Expenses for Awfis rose by 30.85% YoY to Rs 287.29 crore, primarily due to increased sub-contracting, employee, and operational costs.
  • Approximately three-fourths of Awfis' revenues in Q2 came from giving co-working space on rent and allied services, which saw a 43% increase in revenues quarter-on-quarter.

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