Awfis’ revenues grow 25% to Rs 367 crore, but profits slide

Co-working company Awfis’ revenues jumped 25% year-on-year (YoY), from 292 crore to Rs 367 crore, for the quarter ending September ‘25. This was due to sustained demand, healthy occupancy levels, and operational efficiency, the company said.

However, its net profit slid to Rs 16 crore in the quarter, from Rs 39 crore a year ago.

Total expenses during the quarter increased to Rs 377 crore from Rs 287 crore a year prior. A significant portion of this was due to depreciation and amortisation amounting to Rs 95 crore, subcontracting costs of Rs 56…