Awfis Space Solutions posts net profit of Rs 38.67 crore in Q2 FY25
NEW DELHI: Awfis Space Solutions, a flexible workspace solutions provider, has reported net consolidated profit after tax of Rs 38.67 crore in the quarter ended September 30, 2024. It had registered loss after tax of Rs 4.34 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
Amit Ramani, chairman and managing director of the company said, “As of September 2024, we achieved an exit month occupancy rate of 73%, with 84% occupancy in centers with over 12 months of operation, highlighting sustained demand for our flexible workspaces. We have now surpassed 110,000 operational seats and 180 centers. Including fit-out and LOI, we have a total of over 150,000 seats across 224 centers, covering 7.6 million sq. ft., on track to reach our target of 135,000 operational seats by March 2025.”
The company’s net consolidated total income stood at Rs 301.95 crore in Q2 FY25, a growth of 40.31 per cent from Rs 215.20 crore it recorded in the similar quarter last year.
“Our asset-light, risk-averse managed aggregation (MA) model remains at the core of our strategy, with 67% of seats and 64% of centers aligned under this approach to maximize returns on investment,” said Ramani.
