AWFIS Space Solutions Ltd (AWFIS)

Awfis Targets 30% Revenue Growth in FY25 - 22 Jul, 2024

Coworking startup Awfis aims for a 30% revenue growth in FY25, following its profitable Q4 and 55.8% YoY revenue increase to Rs 849 crore in FY24. The company plans to expand by 40% seats this fiscal year and credits its success to the managed aggregation model with institutional landlords. Awfis is also excited about interest from global capability centres.

AWFIS Space Solutions Aims for Controlled Expansion and Enhanced Offerings - 19 Jul, 2024

AWFIS Space Solutions saw a 41% CAGR in revenue from FY20 to FY24, with plans to add 40,000 new seats in FY25. The company aims to build a capital-efficient model, improve operational efficiency, and enhance product and service offerings while maintaining an occupancy level of 71%. Management expects strong growth due to increasing customer preference for flexible spaces.

Awfis Space Solutions Targets 50% Expansion of Portfolio - 01 Jul, 2024

Flexible workspace provider Awfis Space Solutions plans to expand its portfolio by 50% to reach 135,000 seats by the end of FY25. The company aims for a 30% revenue growth in FY25 through expansion and higher occupancy rates at existing centres. During Q1 FY25, 22 new centres were opened, adding 15,084 new seats.

Awfis Space Solutions IPO Success Boosts Investor Confidence - 24 Jun, 2024

The successful Rs 599 crore initial public offer (IPO) of Awfis Space Solution Ltd has turned investors more bullish on the co-working space sector. The company's chairman and managing director, Amit Ramani, recently said they were looking to expand across new and existing markets, including smaller cities.