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Coworking space startup Awfis posted a consolidated net profit of INR 38.67 Cr in the September quarter of the financial year 2024-25 (Q2 FY25) as against a net loss of INR 4.34 Cr in the year-ago period, on the back of healthy growth in its business.
On a quarter-on-quarter basis, net profit increased multifold from INR 2.78 Cr.
It is pertinent to note that Awfis booked an exceptional gain of INR 24.01 Cr during the quarter under review due to the sale of its facility management division Awfis Care to SMS Integrated Facility Services.
Without this exceptional item, the company would have reported a profit of INR 14.66 Cr.
Awfis’ operating revenue jumped 40.46% to INR 292.38 Cr during the quarter under review from INR 208.15 Cr in the year-ago period. Sequentially, it rose 13.43% from INR 257.74 Cr.
Including other income of INR 9.56 Cr, total revenue grew over 40% to INR 301.95 Cr in the quarter ended September 30, 2024 from INR 215.20 Cr in the corresponding quarter last year.
(The story will be updated soon.)
The post Awfis Posts INR 38.67 Cr Profit In Q2, Revenue Up 40% YoY appeared first on Inc42 Media.
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