Shares of Awfis rallied more than 5% to INR 717.50 apiece during the intraday trading on the BSE on Tuesday (January 14)
The coworking space startup opened a new centre in Uttar Pradesh’s Lucknow, expanding its presence to 9 tier II cities
Awfis posted a consolidated net profit of INR 38.67 Cr in Q2 FY25 against a net loss of INR 4.24 Cr in the same quarter last year
Shares of Awfis
rallied more than 5% to INR 717.50 apiece during the intraday trading on the BSE on Tuesday (January 14) after the shared coworking space provider announced the opening of a new centre in Lucknow.
“With the launch of its new centre in Lucknow, Awfis solidifies its position as India’s leading provider of flexible workspace solutions,” the company said in a statement.
Awfis’ new centre, spread across 47,694 sq ft, is situated in Gomti Nagar, which has emerged as a hub for technology and commercial activity.
The newly launched centre is equipped with a lounge area & Awfis Cafe and offers comprehensive workspace solutions such as meeting and conference rooms, coworking spaces and tailored enterprise solutions.
It must be noted that Awfis became the first homegrown coworking space startup to enter a Tier II city in 2018. Since then, it has expanded its presence to nine Tier II cities — Chandigarh, Bhubaneshwar, Guwahati, Kochi, Jaipur, Nagpur, Pune, Indore and now Lucknow.
(The story will be updated soon.)