Profit Jumps 8X YoY To INR 11.2 Cr

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SUMMARY

Awfis’ net profit declined 26% quarter-on-quarter (QoQ) to INR 11.2 Cr from INR 15.2 Cr

Operating revenue grew 46% to INR 339.7 Cr from INR 232.3 Cr in the year-ago quarter

The company’s board approved the appointment of Sumit Lakhani as its CEO

Coworking space provider Awfis’ consolidated net profit surged 8X to INR 11.2 Cr in Q4 FY25 from INR 1.4 Cr in the year-ago period. However, the bottom line shrank 26% quarter-on-quarter (QoQ) from INR 15.2 Cr.

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Profit Jumps 8X YoY To INR 11.2 Cr


SUMMARY

Awfis’ net profit declined 26% quarter-on-quarter (QoQ) to INR 11.2 Cr from INR 15.2 Cr

Operating revenue grew 46% to INR 339.7 Cr from INR 232.3 Cr in the year-ago quarter

The company’s board approved the appointment of Sumit Lakhani as its CEO

Coworking space provider Awfis’ consolidated net profit surged 8X to INR 11.2 Cr in Q4 FY25 from INR 1.4 Cr in the year-ago period. However, the bottom line shrank 26% quarter-on-quarter (QoQ) from INR 15.2 Cr.

Operating…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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