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Coworking space provider Awfis’ consolidated net profit surged 8X to INR 11.2 Cr in Q4 FY25 from INR 1.4 Cr in the year-ago period. However, the bottom line shrank 26% quarter-on-quarter (QoQ) from INR 15.2 Cr.
Operating revenue grew 46% to INR 339.7 Cr from INR 232.3 Cr in the year-ago quarter. Sequentially, it rose 7% from INR 317.7 Cr.
Including other income of INR 19.8 Cr, Awfis’ total income for the quarter grew 49% YoY to INR 359.5 Cr. Meanwhile, its expenses grew 45% YoY and 10% QoQ to INR 347.5 Cr during the quarter under review.
The company’s board approved the appointment of Sumit Lakhani as its CEO.
(The story will be updated soon.)
The post Awfis Q4: Profit Jumps 8X YoY To INR 11.2 Cr appeared first on Inc42 Media.
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