Flexible workspace solutions company Awfis has witnessed around eight-fold increase in its consolidated net profit in the fourth quarter of financial year 2025, rising to Rs 11.3 crore in Q4 FY25 from Rs 1.2 crore in Q4 FY25. Its operating revenue also grew 46% to Rs 339.7 crore from Rs 232.3 crore in the year-ago quarter.
For the full financial year, Awfis’ operating revenue surged 42.2% to Rs 1,207.5 crore, compared to Rs 848.8 crore in FY24. Significantly, the real-estate firm swung to profitability in FY25 as it registered a net profit of Rs 67.8 crore after posting a loss of Rs 17.6 crore in the previous year.
The company reported a total income of Rs 359.5 crore for Q4 FY25, marking a 49% year-on-year increase. This also includes other income of Rs 19.8 crore. And on the cost side, Awfis’ total expenses stood at Rs 347.5 crore, nearly 45% Y-o-Y and 10% sequentially.
Along with the q4 results, Awfis also announced the elevation of Sumit Lakhani as Chief Executive Officer (CEO). He will focus on profit & loss, daily operations, customer-centric initiatives, sales, marketing, and supply acquisition.
Amit Ramani will continue to lead Awfis as founder and Chairman & Managing Director. His focus will span growth, new initiatives like Awfis Transform, and oversight of key functions including Finance, HR, Legal, and Administration.
Last year, Awfis announced its partnership with the National Stock Exchange (NSE) to design, build, and manage more than 1.65 lakh square feet of office space in Mumbai's Bandra-Kurla Complex at Adani Inspire.
The agreement covers two floors within Bandra Kurla Complex, a premier commercial hub renowned for its excellent connectivity to the Aqua Metro Line and Bandra suburban station.
Prior to NSE, the company also partnered with the Nyati Group for an additional 3 lakh square feet of Grade-A workspace. It had plans to introduce premium flexible workspaces in Nyati Group's prime commercial properties 'Nyati Empress' in Viman Nagar and 'Nyati Enthral' in Kharadi.
The coworking space platform had also launched its IPO in the same year. It finished its initial public offering by selling 15,637,736 equity shares. The issue price for each share was Rs 383 per share.
Awfis provides flexible workspace solutions, ranging from individual flexible desk needs to customised office spaces for corporates.
