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Hot Pursuit News

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(20 Jun 2024, 10:13)

Awfis Space Soln jumps after reporting turnaround Q4 perfromance

Awfis Space Solutions rallied 5.45% to Rs 527.15 after the company reported consolidated net profit of Rs 1.37 crore in Q4 FY24 as compared with net loss of Rs 13.85 crore posted in corresponding quarter last year.

Revenue from operations jumped 45.2% to Rs 232.32 crore in Q4 FY24 as compared with Rs 160 crore in Q4 FY23.

The firm reported pre-tax profit of Rs 1.37 crore during the quarter as against pre-tax loss of Rs 13.8 crore in Q4 FY23.

EBITDA stood at Rs 76 crore, registering the growth of 43.4% as compared with Rs 53 crore posted in same quarter last year. EBITDA margin contracted to 31.5% in Q4 FY24 as against 32.1% in Q4 FY23.

Revenue from co-working space on rent and allied services jumped 27.15% to Rs 167.81 crore in Q4 FY24 from Rs 131.98 crore in Q4 FY23. While revenue from construction and fit-out projects surged to Rs 57.62 crore in Q4 FY24 as compared with Rs 23.05 crore posted in Q4 FY23.

On full year basis, the company reported consolidated net loss of Rs 17.56 crore...

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