Awfis Achieves Profitability in Q4; Reports INR 1.4 Crore PAT and 45% YoY Revenue Growth

Awfis, one of India’s largest coworking operators, announced its latest milestone in achieving profitability for the fourth quarter of FY23.

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It has posted a profit after tax of INR 1.4 crores, which is big in terms of a transformative change in its financial performance.

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Awfis’ operating revenue increased 45% YoY, thus squarely depicting the successful efforts of the company in ramping up market presence and optimizing operations.

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The race in revenue could be because of the growing demand for flexible office spaces as the world slowly embraces the hybrid model of work.

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The profitability of Awfis in Q4 comes at the back of its strong market position and efficient business model.

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With businesses continuing to look at flexible and scalable office solutions, Awfis is well-poised to capture a larger market share.

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