Whalesbook
Awfis Space Solutions, India's largest flexible workspace provider, has seen its stock surge nearly 42% since its May 2024 listing. The company operates a capital-light 'Managed Aggregation' model, partnering with landlords for shared costs and revenue, enabling rapid expansion without heavy debt. Awfis reported strong revenue growth of 25% year-on-year to Rs 367 crore and improved EBITDA margins to 36% in Q3 FY25. A significant shift towards corporate clients, now making up 59% of seats, provides stability and recurring revenue. Despite a competitive market, Awfis is well-positioned for profitable growth.