AWFIS Space Solutions Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- AWFIS Space Solutions Ltd reported a 9.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 46.8%.
- Its expenses for the quarter were up by 10.4% QoQ and 36.7% YoY.
- The net profit decreased 60.7% QoQ and decreased 341.3% YoY.
- The earnings per share (EPS) of AWFIS Space Solutions Ltd stood at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 331.47 | 301.95 | 225.78 | 9.8% | 46.8% |
Total Expenses | 317.18 | 287.29 | 232.07 | 10.4% | 36.7% |
Profit Before Tax | 15.18 | 38.67 | -6.29 | -60.7% | -341.3% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | 15.18 | 38.67 | -6.29 | -60.7% | -341.3% |
Earnings Per Share | 2.10 | 5.50 | -1.00 | -61.8% | -310.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
AWFIS Space Solutions Ltd is a company engaged in providing workspace solutions, specializing in flexible office spaces. The company caters to a broad range of clients, from startups to large enterprises, offering services that include co-working spaces, meeting rooms, and fully serviced offices. AWFIS operates within the real estate and property management industry, focusing on modern workplace solutions that adapt to the evolving needs of businesses. The company has seen a rise in demand for flexible workspaces given the changing dynamics of work environments, although specific recent developments are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), AWFIS Space Solutions Ltd reported a total income of ₹331.47 crores. This marks a quarter-over-quarter (QoQ) increase of 9.8% from ₹301.95 crores in Q2FY25. On a year-over-year (YoY) basis, the company's total income grew by 46.8% compared to ₹225.78 crores in Q3FY24. This substantial YoY growth indicates a significant expansion in the company's revenue generation capabilities over the past year.
Profitability
For Q3FY25, AWFIS Space Solutions Ltd recorded a profit before tax of ₹15.18 crores, which represents a significant decline of 60.7% QoQ from ₹38.67 crores in Q2FY25. Compared to the same quarter in the previous year (Q3FY24), where the company reported a loss before tax of ₹6.29 crores, there is a notable improvement in profitability. The profit after tax mirrored the profit before tax figures as no taxation was recorded in these periods. Earnings per share (EPS) for Q3FY25 stood at ₹2.10, a decrease of 61.8% QoQ from ₹5.50 in Q2FY25, but a remarkable improvement YoY from a negative EPS of ₹-1.00.
Operating Metrics
AWFIS Space Solutions Ltd reported total expenses of ₹317.18 crores in Q3FY25. This represents a QoQ increase of 10.4% from ₹287.29 crores in Q2FY25. On a YoY basis, total expenses rose by 36.7% from ₹232.07 crores in Q3FY24. These figures suggest an increase in operational activity and potential scaling efforts. No taxation was recorded during these periods, which could be due to various factors not disclosed in the financial data. The absence of tax expenses means that the company's profit before tax is equal to its profit after tax for the reported quarters.
