Conference Call with Awfis Space Solutions Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Special Consumer Services company Awfis Space Solutions announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: FY25 reported strong Operating Revenue of Rs 1,208 crore, growth of 42% YoY Operating EBITDA margin for FY25 is 33.3%, improved by 440 bps on YoY basis, on back of strong revenue growth, occupancy improvement, Enterprise clients, Allied services and operating efficiencies In FY25, reported PBT (excl. Exceptional Items) is Rs 44 crore vs loss of Rs 18 crore in FY24 Exceptional Item includes sale of Facility Management business (“Awfis Care”) FY25 Financial Highlights: Q4FY25 reported strong Operating Revenue of Rs 340 crore, growth of 46% YoY Operating EBITDA margin for Q4FY25 is 34.1%, improved by 520 bps on YoY basis, on back of strong revenue growth, Enterprise clients, Allied services and operating efficiencies In Q4FY25, reported PBT (excl. Exceptional Items) is Rs 12 crore vs PBT of Rs 1 crore in Q4FY24 Commenting on the results, Amit Ramani, Chairman and Managing Director, Awfis Space Solutions, said: “I am pleased to share that we have successfully achieved our FY25 guidance, delivering revenue growth of over 30%. Our revenues rose by 42% year-on-year, reaching Rs 1,208 crore in FY25. Additionally, operational EBITDA grew by 64% during this period to Rs 402 crore, resulting in an EBITDA margin of 33.3%. This represents an expansion of over ~440 bps compared to FY24, exceeding our initial expectations. We delivered on our commitment to reach the targeted 135K operational seats by March 2025. Since March 2024, we have added 39K+ seats and 48 centers, bringing our total to 134K+ seats across 208 operational centers. Including fit-outs and LOIs, we now have around 164K seats covering 8.4 million square feet. Our asset-light, risk-averse Managed Aggregation (MA) model remains at the core of our strategy, with 67% of seats and 64% of centers aligned under this approach to maximize returns on investment. We have strengthened our client base with marquee names like the National Stock Exchange (NSE) and several GCCs, while also onboarding three prominent global organizations at our premium centers in Hyderabad, reinforcing our position as the preferred partner for forward-looking businesses. As part of expanding our service categories, we have partnered with ECOS (India) Mobility & Hospitality Limited to offer premium chauffeur-driven and employee transportation services, addressing the growing demand for reliable, secure, and cost-efficient corporate mobility solutions. Looking ahead to FY26, our strategy will have two phases. In the first half, we will focus on optimizing our expanded capacity from FY25, driving strong occupancy and efficiency. In the second half, we will prioritize strategic capacity expansion, targeting high-potential locations to capture emerging demand and maximize returns. Together, these steps will position us for sustained, profitable growth.” Result PDF
Special Consumer Services company Awfis Space Solutions announced Q3FY25 results Q3FY25 reported strong Operating Revenue of Rs 318 crore, growth of 44% YoY. Operating EBITDA margin for Q3FY25 is 33.8%, improved by 320 bps on YoY basis, on back of strong revenue growth, Enterprise clients, Allied services and operating efficiencies. In Q3FY25, reported PAT (excl. Exceptional Items) is Rs 14 crore vs loss of Rs 6 crore in Q3FY24. Operating EBITDA margin improved to 14.7% in Q3FY25 against 9.9% in Q3FY24. Q3FY25 PAT (excl. Exceptional Items) was Rs 28 crore against PAT of Rs 7 crore in Q3FY24. Amit Ramani, Chairman and Managing Director, Awfis Space Solutions, said: “I am pleased to report that we continue to deliver strong performance, with a 44% YoY revenue growth, reaching Rs 318 crore for the quarter. Operational EBITDA increased by 59% during the same period to Rs 107 crore, resulting in an EBITDA margin of 33.8%, reflecting a ~320 bps improvement from the previous year. Since March’24, we added ~27K seats and 33 centers to reach 120K seats and 193 operational centers. Including fit-outs and LOIs, we now have over 160K seats covering 8.0 mn sqft. We remain confident in reaching our target of 135K operational seats by March 2025. Our strategy continues to focus on asset-light growth with 73% of new seat additions signed under the Managed Office (MA) model. This approach allows us to maximize return on investment while scaling efficiently. I am excited to announce that, as of today, we have surpassed the milestone of 200 operational centers. This achievement reflects our continued growth and commitment to delivering exceptional service. In line with our expansion strategy, we are excited to announce the opening of our first centre in Lucknow, a city with significant growth, innovation, and investment potential. This center will serve as a catalyst for startups and businesses looking to capitalize on the city’s thriving market.” Result PDF