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Business Standard
12-08-2025
- Business
- Business Standard
Awfis Space Solutions rallies 12% on Q1 show; what's next for investors?
Awfis Space Solutions share price: Awfis Space Solutions share was in demand on Tuesday, August 12, 2025, with the stock rising as much as 11.5 per cent to an intraday high of ₹623.60 per share. At 11:03 AM, Awfis Space Solutions share price was trading 6.96 per cent higher at ₹598.20 per share. In comparison, BSE Sensex was trading flat with a negative bias at 80,575.75 levels. Why did Awfis Space Solution share rise today? Awfis Space Solutions shares surged after the company posted strong Q1FY26 results, driven by robust revenue growth, improved margins, and healthy operational performance. In the June quarter, the company reported operating revenue of ₹335 crore, up 30 per cent year-on-year. Operating Ebitda margin expanded by 710 basis points to 37.8 per cent, supported by stronger revenue, deeper penetration in the enterprise segment, growth in allied services, and improved operating efficiencies. Net profit came in at ₹10 crore, compared with ₹3 crore in the same quarter last year. Amit Ramani, Chairman and Managing Director, said the quarter marked 'a strong start to FY26' with sustained momentum in business fundamentals. He highlighted that operational seat capacity grew 40 per cent year-on-year, driven by strong demand from both new mid-sized GCC entrants and existing enterprise clients. 'Our 100+ seat cohort now contributes 59 per cent of our total portfolio, reinforcing the stickiness and scale of our enterprise relationships,' he added. All new centres signed between June 2024 and June 2025 are in Grade A assets, reflecting the company's focus on building a high-quality workspace portfolio. The firm has also expanded its Tier 2 city presence by around 25 per cent, with total MA seat capacity rising 32 per cent and MA centres up 23 per cent since June 2024. Occupancy levels stood at 84 per cent for mature centres (12+ months vintage) and 73 per cent overall. Looking ahead, Ramani said the near-term focus is on optimising the expanded capacity from FY25, with strategic expansion planned in the second half to capture demand in high-potential markets. 'With a solid foundation, increasing institutional trust, and a clear execution focus, we remain confident in our ability to sustain profitable growth,' he noted. Analysts' view on Awfis Space Solutions stock Analysts offered a mixed view on Awfis Space Solutions despite the sharp rally in the stock today. Sudeep Shah, vice president of technical research at SBI Securities, noted that the overall trend remains bearish, with the stock still trading in a lower-low, lower-high formation. Today's bounce came from a key support zone of ₹550-₹555, which also marked the previous swing low. 'This zone is likely to act as strong support, but a break below it could see the stock sliding towards ₹500,' he said, adding that the rebound cannot yet be considered a trend reversal. On the upside, Shah pointed out strong resistance at ₹635 - coinciding with the 100 DEMA - followed by the previous swing high at ₹665. 'A close above ₹665 would negate the lower swing high formation and could open the way for a move towards ₹725 in the short term,' he added. Ravi Singh, senior vice president of retail research at Religare Broking, highlighted that Awfis shares have declined nearly 40 per cent over the past year and are likely to remain under pressure in the near term. With the stock currently trapped in a broader range of ₹560-₹640 amid market consolidation, Singh recommended that existing investors exit positions, as prices are likely to face 'sell on every rise' pressure, while fresh entries should be avoided. After a strong post-listing rally to around ₹950, the stock entered a consolidation and downtrend phase. Singh noted that recent candles indicate buying interest from the ₹550-₹560 support zone, with a 6.71 per cent rebound this week on higher-than-usual volumes, suggesting accumulation at lower levels. The RSI at 45.74 is also recovering from a prolonged downtrend, showing early signs of positive divergence and a possible momentum shift. Fundamentally, he pointed out that the enterprise segment remains a growth driver, with Q1FY26 operating Ebitda margin expanding to 37.8 per cent - up 710 bps year-on-year (Y-o-Y) - and PAT rising to ₹10 crore from ₹3 crore a year ago, aided by revenue growth and operational efficiencies. About Awfis Space Solutions Awfis Space Solutions Ltd. ('Awfis') is India's leading – and only listed – flexible workspace solutions provider, operating the country's largest network of agile workspaces. It caters to businesses of all sizes, from startups to large corporations, enabling them to book and use workspaces with ease and flexibility. Its comprehensive portfolio includes Flex Space Solutions (co-working and customised managed offices), Mobility Solutions, Design & Build services, Awfis Café, and TechLabs – an advanced tech infrastructure platform. With a footprint spanning 18 cities and over 200 centres, Awfis serves more than 3,000 clients across diverse industries, delivering scalable, adaptable, and future-ready workspace solutions.
Mint
12-08-2025
- Business
- Mint
Vizag to Vijayawada: Flex office operators eye AP as a new frontier
BENGALURU : The touristy coastal city of Visakhapatnam, and the industrial hub of Vijayawada in Andhra Pradesh have not been obvious destinations for flexible office operators. But that is changing. With the Andhra Pradesh government rolling out a red-carpet welcome in the form of land and rental subsidies to promote co-working, leading flex operators are looking to set up operations in the state. Companies such as Awfis Space Solutions Ltd, IndiQube Spaces Ltd, International Workplace Group (IWG) and Hanto Workspace have opened their first centre, or are planning to launch in these cities this year, as they look to tap the demand from global capability centres (GCC) and pharmaceutical and technology firms as occupiers. Awfis, the first such operator to get publicly listed last year, plans to open its first centre in the state this year. 'The AP government has a friendly co-working policy, where it offers operating expense subsidy and help investing towards capex. They government will also help in bringing in demand and they are talking to several companies, including IT firms, to set up operations in the state," said Amit Ramani, chairman and managing director of Awfis. Also Read: Flex office operators to ramp up expansion, deepen tier 2 presence this year Ramani says demand is there from consulting and IT/ITeS firms, and some companies who had exited Andhra Pradesh due to various reasons are now making a comeback due to the government's proactive attitude. 'We believe the cities of Vijayawada and Vizag (Visakhapatnam) will lead the charge on the flexible workspace front in the southern state," he added. Policy push and early movers Andhra Pradesh is probably the only state that has unveiled a policy to promote co-working. Late last year, the state government offered rental holiday – essentially, assuring rent payments to co-working operators for the first six months if a property remains unoccupied– and subsidy on capital expenditure, among other incentives. Additionally, in its attempt to pursue real estate companies from other states, it has also offered land to set up residential and office projects. Bengaluru-based IndiQube, which opened its first centre 'IndiQube Pushkar', a 35,000 sq ft managed office space taken up by UnitedHealth Group, a GCC, in Vijayawada last year, is eyeing Visakhapatnam next. 'Cities such as Visakhapatnam are looking to grow aggressively as business hubs. Even smaller cities such as Tirupati, which is cheaper, will see growth on this front," said IndiQube co-founder and chairman Rishi Das. As more companies set up operations in the state, it will open up new job opportunities. More startups will also follow and look for places to work. IWG is expanding into Vijayawada with three new centres set to open this year in response to rising demand for hybrid working and as a result, for flex workspaces. Also Read: IPO gold rush or bubble? India's co-working firms test the public markets 'This forms part of our broader strategy to meet the needs of professionals and businesses in fast-growing Tier II and III cities across India. Vijayawada is a dynamic emerging city, and a key part of our national expansion roadmap, alongside Vizag," said Harsh Lambah, country manager India, vice-president sales - South Asia, IWG. The three centres will offer a combined area of 25,100 sq ft and around 420 workstations. Tier 2 growth momentum As the commercial office market in India turned around after the pandemic, it saw strong demand pushing adoption for flex workspaces. Flex leasing jumped from 7.9 million sq. ft in 2022 to 15.8 million sq. ft in 2024, as per property advisory CBRE India. Aashit Verma, founder of Hanto Workspace said it is in early discussions with the AP government to set up workspaces. 'The government has been proactive and supportive, offering practical incentives making easier and more cost-effective for companies like ours to expand. The state is removing roadblocks and building an ecosystem that mirrors the growth trajectory of Bengaluru but with fewer growing pains. The comprehensive incentives being offered reduce entry barriers," Verma added. According to property consultants, Tier 2 cities will prompt the next level of expansion for flex operators. Also Read: After Awfis and Smartworks, IndiQube to launch IPO 'Neighbouring cities such as Hyderabad already has a thriving managed office ecosystem. AP is trying to bring the workforce back into the state that will drive occupier demand for flex workspaces," said Joseph Thilak, national director- occupier strategy and solutions (Hyderabad & Chennai) at property advisory Knight Frank India.
Time of India
26-05-2025
- Business
- Time of India
Awfis posts net profit of 11.23 crore in Q4 FY25, elevates Sumit Lakhani as CEO
NEW DELHI: Awfis Space Solutions , a flexible workspace solutions provider, has reported net consolidated profit of ₹11.23 crore during the quarter ended March 31, 2025. Its profit after tax stood at ₹1.37 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹359.45 crore in Q4 FY25, a growth of 49.09 per cent from ₹241.10 crore it recorded in the similar quarter last year. Amit Ramani , chairman and managing director of the company said, "Our revenue rose by 42% year-on-year, reaching ₹1,208 crore in FY25. Additionally, operational EBITDA grew by 64% during this period to ₹402 crore, resulting in an EBITDA margin of 33.3%. This represents an expansion of over ~440 bps compared to FY24, exceeding our initial expectations." The company reached the targeted 1,35,000 operational seats by March 2025. Since March 2024, it has added over 39,000 seats and 48 centers, bringing its total to over 1,34,000 seats across 208 operational centers. Including fit-outs and LOIs, the company now has around 1,64,000 seats covering 8.4 million sq ft. It reported operating revenue of ₹1,208 crore in FY25, registering a growth of 42% year-on-year. Operating EBITDA margin for FY25 was at 33.3%, improved by 440 bps year-on-year basis. The company also elevated Sumit Lakhani as chief executive officer (CEO) of the company. He will focus on P&L, daily operations, and customer-centric initiatives along with sales, marketing, and supply acquisition. Ramani will focus on company growth, new business initiatives, Awfis Transform (Design and Build), as well as overseeing core enabling functions such as Finance, HR, Legal, and Administration.
Entrepreneur
26-05-2025
- Business
- Entrepreneur
Awfis Names Sumit Lakhani as New CEO in Strategic Leadership Move
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Awfis Space Solutions, a leading provider of flexible workspaces in India, has announced the elevation of Sumit Lakhani to the position of Chief Executive Officer (CEO). This leadership change marks a key moment in the company's growth, aimed at boosting daily operations and customer-focused strategies. Sumit has been with Awfis since its beginning and has helped shape the brand, customer experience, and marketing strategies. As CEO, he will now lead operations, sales, marketing, and supply acquisition. "I am truly honoured to take on the role of CEO at such a pivotal moment in Awfis' evolution," said Sumit. "From our early startup days to becoming India's leading flex workspace provider, it has been a great journey. I look forward to deepening our impact, scaling new heights, and continuing to deliver value to our clients, partners, and teams." Amit Ramani, Founder and Chairman and Managing Director of Awfis, will continue to guide the company's overall strategy. He will focus on growth, new business ventures like Awfis Transform (Design and Build), and core departments such as finance, HR, legal, and administration. "This leadership transition is a significant step forward in our journey of scaling Awfis into a futuristic, world-class organisation," said Amit. "Sumit has played a key role in Awfis' growth story. His clear thinking, team collaboration, and innovative mindset make him the right person for the role. I'm confident he will lead with excellence." Before joining Awfis, Sumit held senior roles in investment banking, asset management, and IT services at Yes Bank, ST Asset Management, and Tesco. He is an alumnus of S.P. Jain Centre of Management and is known for his strategic thinking and forward-looking ideas. With this leadership change, Awfis is set to strengthen its position as a tech-enabled workspace provider. The company, which operates over 200 centres in 18 cities, plans to expand further into new markets and enhance its offerings for businesses of all sizes. Awfis continues to focus on creating smart, flexible workspaces that meet the changing needs of today's workforce, helping companies thrive in a modern business environment.
Business Upturn
13-05-2025
- Business
- Business Upturn
Awfis Space Solutions expands ‘Elite by Awfis' with global clients onboard; plans rollout in metro cities
By Aditya Bhagchandani Published on May 13, 2025, 10:25 IST Awfis Space Solutions Ltd, India's largest listed flexible workspace provider, announced a major client acquisition and expansion initiative under its premium workspace category, 'Elite by Awfis'. The company has successfully onboarded two Global Capability Centres (GCCs)—Meltwater and ABC Fitness—at its flagship luxury facility in Hyderabad, along with Zinnov, a global management consulting firm, at its 'Awfis Gold' centre. The announcement, made via a regulatory filing on May 13, 2025, signals Awfis' growing momentum in the premium office space segment. These clients represent the growing trend of multinational corporations choosing high-quality, fully-managed workspaces in India's top commercial hubs. The Elite and Gold categories feature state-of-the-art amenities, luxury design elements, and top-tier business infrastructure. Awfis will design, build, and manage these spaces, underscoring its turnkey workspace capabilities. In addition to Hyderabad, Awfis is planning to expand Elite centres to Bengaluru (Manyata Tech Park and Venus Block in Prestige Technology Park), Mumbai, and Delhi, tapping into strong demand from India's booming GCC segment. CMD Amit Ramani stated, 'Our pan-India network in 18 cities gives MNCs the ability to scale where talent and business demand exist. We're proud to serve as the strategic infrastructure partner for companies entering or expanding in India.' India's GCC sector is expected to grow from $46 billion to $85 billion by 2030. Awfis is strategically positioning itself to benefit from this trend with its suite of flexible workspace formats: Awfis, Awfis Gold, and Elite. Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please refer to official company filings and consult your financial advisor before making any investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
