| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 317.72 | 8.7% |
| Total Income | 331.47 | 9.8% |
| Expenditure | 317.18 | 10.4% |
| PBT | 15.18 | 60.8% |
| Net Profit | 15.18 | 60.8% |
| OPM | -33.14% | 10.58pp |
| NPM | 4.58% | 8.23pp |
| EPS | 2.15 | 61.3% |
Awfis Space Solutions Limited Reports 44% Y-o-Y Increase in Operational Revenue for Q3FY25
12 Feb 2025 · 12 Feb 2025, 01:54 am
Summary
Awfis Space Solutions Limited, a leading flexible workspace solutions provider in India, has reported a 44% year-over-year increase in operational revenue, reaching Rs. 318 crores for the quarter ended 31st December 2024. The company's operational EBITDA also saw a significant increase of 59% during the same period, resulting in an EBITDA margin of 33.8%. Awfis added approximately 27,000 seats and 33 centers since March 2024, bringing the total to 120,000 seats and 193 operational centers. The company is confident of reaching its target of 135,000 operational seats by March 2025.
Key Highlights
- 1
Operational revenue for Q3FY25 increased by 44% y-o-y to Rs. 318 crores
- 2
Operational EBITDA for Q3FY25 increased by 59% y-o-y to Rs. 107 crores
- 3
EBITDA margin for Q3FY25 is 33.8%, a ~320 bps improvement from the previous year
- 4
Awfis added approximately 27,000 seats and 33 centers since March 2024
- 5
Awfis has surpassed the milestone of 200 operational centers
Management Comments
Mr. Amit Ramani
I’m pleased to report that we continue to deliver strong performance, with a 44% y-o-y revenue growth, reaching Rs. 318 crores for the quarter. Operational EBITDA increased by 59% during the same period to Rs. 107 crores, resulting in an EBITDA margin of 33.8%, reflecting a ~320 bps improvement from the previous year. Since March’24, we added ~27K seats and 33 centers to reach 120K seats and 193 operational centers. Including fit-outs and LOIs, we now have over 160K seats covering 8.0 mn sqft. We remain confident in reaching our target of 135K operational seats by March 2025. Our strategy continues to focus on asset-light growth with 73% of new seat additions signed under the Managed Office (MA) model. This approach allows us to maximize return on investment while scaling efficiently.
Informational and educational content only. Not investment advice.