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.

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.

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

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.

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

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