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