Shares of coworking space startup Awfis fell 8% to INR 616.00 apiece during the early trading session on the BSE today (February 12), despite a rise in net profit to INR 15.18 Cr in Q3 FY25 against a loss of INR 6.29 Cr in the year-ago quarter
However, the stock recovered most of its losses, trading 0.8% lower at INR 663.10 at 11:30 AM. At this time, the company’s market capitalisation stood at INR 4,702.27 Cr, with a trading volume of 2.3 Lakh shares.
While Awfis’ shares have delivered a negative return of 3.71% over the last month at the current market price, it has gained 56.49% over the last year
Shares of coworking space startup Awfis
fell 8% to INR 616.00 apiece during the early trading session on the BSE today (February 12), despite a rise in net profit to INR 15.18 Cr in Q3 FY25 against a loss of INR 6.29 Cr in the year-ago quarter.
However, the stock recovered most of its losses, trading 0.8% lower at INR 663.10 at 11:30 AM. At this time, the company’s market capitalisation stood at INR 4,702.27 Cr, with a trading volume of 2.3 Lakh shares.
While Awfis’ shares have delivered a negative return of 3.71% over the last month at the current market price, it has gained 56.49% over the last year.
In Q3 FY25, the company’s operating EBITDA surged 59% YoY to INR 107 Cr, while its EBITDA margin expanded to 33.8% from 30.6% in the year-ago quarter.
Operating revenue grew on both a year-on-year (YoY) and quarter-on-quarter (QoQ) basis. The company’s revenue from operations stood at INR 317.72 Cr in Q3 FY25, marking a 44% YoY and 9% QoQ increase. Meanwhile, total expenses for the quarter rose 37% YoY and 10% QoQ to INR 317.18 Cr.
Founded in 2015 by Amit Ramani, Awfis has evolved from a coworking network into a tech-enabled workspace solutions platform, catering to freelancers, startups, SMEs, large corporates, and MNCs.
The stock’s dip aligns with the bearish sentiment in the broader market due to persistent selling pressure of FII amidst global uncertainties and escalating tariff tensions inflicted by US president Donald Trump.
(The story will be updated soon)
