“We are seeing health growth “In our design and build business, this will continue to be the key growth area for us. Our efforts will also be geared towards further expanding the range of customers we serve with tailored offerings for GCC global capacity centres, large enterprises and SMEs,” Ramani told analysts during a post-earnings conference call.
He teamwork and related services segment recorded a 33% year-on-year growth in the first fiscal quarter for the company, reaching Rs 185 crore. “This segment remains a cornerstone of our strategy driven by the growing demand for Flexible solutions for workplaces“said Ramani, who is also its managing director.
Its construction and fit-out project, which comprises the design and construction business, generated Rs 67 crore in revenue, up 55% from the previous year. “This segment is gaining traction significantly, driven by a healthy order book and a favourable market outlook,” he added.
Office, listed on the stock exchanges on May 30 After an initial public offering of Rs 599 crore, it said in its earnings presentation that it crossed Rs 100,000 operational seats and expanded its footprint to 169 operational centres. In the first quarter of fiscal year 2025, it added 5,368 net seats and nine new centres. As of June 30, Awfis was operating in 17 cities and 54 micro markets. It is present in eight Tier II cities – Ahmedabad, Jaipur, Nagpur, Chandigarh, Bhubaneshwar, Indore, Kochi and Guwahati.
The Peak XV Partners-backed firm posted a net profit of Rs 2.8 crore in the quarter ended June 30, compared with a loss of Rs 8.3 crore in the same period a year ago. Operating revenue of the firm, which is backed by Peak XV Partners, rose 37 per cent to Rs 25.8 crore.
Discover the stories that interest you
In FY24, the company posted a significant rise in operating revenue, which increased 55.7% year-on-year to Rs 848.8 crore. Its loss for the year narrowed 62.4% to Rs 17.5 crore.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.