AWFIS Space Solutions Ltd

(AWFIS)

Awfis Space Solutions Targets Significant Growth - 19 Sep, 2024

Awfis Space Solutions aims for 30% revenue growth in FY25, with a 40% increase in operational centers and a 43% rise in seats year-on-year. The company plans to add 40,000 new seats, reflecting the growing demand for flexible workspaces in India's commercial real estate market.

Awfis Targets Growth After Successful IPO - 18 Sep, 2024

Awfis, the first coworking company in India to go public, aims for 30% revenue growth in FY25 while expanding in major and Tier 2 cities.

ICICI Securities Upgrades Awfis to Buy - 17 Sep, 2024

ICICI Securities has upgraded Awfis Space Solutions to 'BUY' with a target price of Rs 839, citing strong revenue growth and EBITDA margin expansion. The company is expected to achieve significant operational growth and profitability over the next few years, despite potential risks in the office leasing market.

Awfis Stock Doubles Post-Listing Amid Strategic Moves - 11 Sep, 2024

Awfis Space Solutions, backed by Peak XV, has seen its stock price double since its May listing. The company divested its facility management business for ₹27.5 crore to focus on high-growth areas and maintain its leadership in flexible workplace solutions.

AWFIS Divests Facility Management Division for Rs 27.5 Crore - 10 Sep, 2024

AWFIS Space Solutions has entered into a Business Transfer Agreement to sell its Facility Management division, Awfis Care, to SMS Integrated Facility Services for Rs 27.5 crore.

Awfis Divests Facility Management Division for Growth - 09 Sep, 2024

Awfis Space Solutions has entered a Business Transfer Agreement to sell its Facility Management division, Awfis Care, to SMS Integrated Facility Services for Rs 27.5 crore. This move is expected to enhance liquidity and improve return on capital employed, providing financial flexibility for growth and expansion.

Awfis Space Solutions Targets Major Expansion - 04 Sep, 2024

Awfis Space Solutions aims to add 40,000 seats by September 2024, reaching a total of 135,000 seats by FY25. The company reported a revenue of Rs 258 crore and a net profit of Rs 3 crore in Q1 FY25, with a projected growth of 30%. Partnerships and expansions are in progress, enhancing its presence across tier-1 and tier-2 cities.

Awfis Gains After Major Workspace Expansion Deal - 28 Aug, 2024

Awfis Space Solutions Ltd shares surged 8% following a partnership with Nyati Group to add 300,000 sq. ft of Grade-A workspace, marking significant growth in Pune.

Awfis Space Solutions Reports Strong Q2 Growth - 26 Aug, 2024

Awfis Space Solutions reported a 37.31% increase in net sales to Rs 257.74 crore for June 2024, with net profit rising 133.57% to Rs 2.79 crore. EBITDA also grew by 59.66%. EPS decreased to Rs 0.43 from Rs 3.20 year-on-year. Shares closed at Rs 899.90 on August 23, 2024.

Awfis Space Solutions Expands with New Centres - 22 Aug, 2024

Awfis Space Solutions shares surged after announcing the launch of two new workspace centres in Bengaluru, reaching an all-time high of ₹945.7. The stock has gained significantly since its IPO, reflecting strong demand for flexible workspaces.