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Awfis Space Solutions Limited is a workspace solution provider in India. The company offers a wide range of flexible workspace solutions, catering to the needs of individuals, start-ups, SMEs, and large corporations.
The company’s core solution is co-working, including flexible workspaces, custom office spaces, and mobility solutions. Awfis Space Solutions Limited also provide supporting services such as food and beverages, IT support, infrastructure services, and event hosting.
As of December 31, 2023, the company operates 169 centers across 16 cities in India, with a total of 105,258 seats and a chargeable area of 5.33 million sq. ft. additionally, 31 centers with 25,312 seats are currently under fit-out, with a chargeable area totaling 1.23 million sq. ft. It has expanded its business offerings and now provides in-house fit-out and facility management services at its centers. As of December 31, 2023, 81.66% of the company’s centers are commercial assets, and 18.34% are alternate assets.
For year/ period ended ( in Cr.)
Particulars | H1FY23 | FY22 | FY21 |
---|---|---|---|
Total Revenue | 565.79 | 278.72 | 216.02 |
Profit After Tax | -46.64 | -57.16 | -42.64 |
EPS | (8.11) | (10.68) | (8.38) |
OPM (%) | 31% | 32% | 42% |
PATM (%) | (8%) | (21%) | (20%) |
For year/ period ended ( in Cr.)
Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
---|---|---|---|---|---|---|
*Market cap @upper band
The company is an emerging leader in India for flexible workspace solutions and providing all related services under one roof. While it has marked steady growth in its top line, its bottom line marked declining losses. Hence, Investor may subscribe for long term perspective.
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