AWFIS Space Solutions Ltd

(AWFIS)

Awfis Secures Major NSE Contract for Office Space - 23 Nov, 2024

Awfis Space Solutions has signed a significant contract with the NSE to design, build, and manage office space in Mumbai. This contract will contribute to revenue in FY25 and FY26, expanding Awfis' footprint in the managed-office segment.

Awfis Sees Growth in Coworking Demand in Hyderabad - 18 Nov, 2024

Awfis reports increased demand for premium coworking spaces in Hyderabad, aiming to add 40,000 new seats by FY25. The company maintains a stable occupancy rate of 70% overall and 84% for established centers.

Awfis Reports Profit and Secures NSE Contract - 12 Nov, 2024

Awfis Space Solutions reported a net profit of Rs 38.6 crore for the September quarter, marking a significant turnaround. The company also secured a contract to design and manage 1.65 lakh sq ft of office space for the National Stock Exchange in Mumbai, enhancing its position in the flex space market.

Awfis Space Solutions Reports Strong Q2 Earnings - 11 Nov, 2024

Awfis Space Solutions Limited reported significant growth in Q2 and six-month earnings for 2024, with net income rising to INR 386.71 million from a loss last year. Revenue and sales also saw substantial increases, indicating a positive turnaround.

Awfis Revenue Surges Post IPO Listing - 04 Nov, 2024

Awfis Space Solutions reported a significant revenue increase, nearly quadrupling from ₹178 crore in FY21 to ₹849 crore in FY24. The company went public on May 30, raising ₹600 crore through its IPO and plans to invest ₹140 crore to expand by adding 40,000 seats this financial year.

Awfis Reports Strong Revenue Growth in Fit-Out Business - 28 Oct, 2024

Awfis, backed by PeakXV, reported Rs 212 crore from fit-out projects in FY24, contributing 25% to total revenue. The fit-out industry is expected to grow 12-13%, with Awfis projecting 13-15% growth due to faster service delivery and maintaining a higher average margin of 15%.