Integrated Filing — IndAS



General information about company
Scrip Code 544181
NSE Symbol AWFIS
MSEI Symbol NOTLISTED
ISIN INE108V01019
Name of company Awfis Space Solutions Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 13-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 26-May-2025   14:40:00
End date and time of board meeting 26-May-2025   14:56:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 3396870000 12075350000
Other income 197660000 532110000
Total income 3594530000 12607460000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 82540000 295420000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 500000 720000
(d) Employee benefit expense 295340000 1360070000
(e) Finance costs 426500000 1360830000
(f) Depreciation, depletion and amortisation expense 810950000 2758480000
(f) Other Expenses
1 Sub-Contracting Expenses 576640000 2293840000
2 Rent 312640000 1117010000
3 Electricity expenses 185100000 726930000
4 Common area maintenance 185230000 574950000
5 Legal and professional expenses 28840000 104110000
6 Communication expenses 69840000 214530000
7 Brokerage expenses 42320000 158320000
8 Security and housekeeping charges 205620000 464010000
9 Repair and maintenance 39100000 120670000
10 Other Expenses 214070000 620990000
Total other expenses 1859400000 6395360000
Total expenses 3475230000 12170880000
3 Total profit before exceptional items and tax 119300000 436580000
4 Exceptional items 1920000 251020000
5 Total profit before tax 121220000 687600000
6 Tax expense
7 Current tax 8900000 8900000
8 Deferred tax 0 0
9 Total tax expenses 8900000 8900000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 112320000 678700000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 112320000 678700000
17 Other comprehensive income net of taxes -1830000 -5230000
18 Total Comprehensive Income for the period 110490000 673470000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0 0
Total profit or loss, attributable to non-controlling interests 0 0
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0 0
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0 0
21 Details of equity share capital
Paid-up equity share capital 709630000 709630000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 3882560000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.58 9.75
Diluted earnings (loss) per share from continuing operations 1.57 9.67
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.58 9.75
Diluted earnings (loss) per share from continuing and discontinued operations 1.57 9.67
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. The above audited consolidated financial results of the Awfis Space Solutions Limited the Holding nCompany Formerly known as Awfis Space Solutions Private Limited have been prepared in naccordance with the recognition and measurement principle laid down in Indian Accounting Standards nInd AS as prescribed under Section 133 of the Companies Act 2013 as amended read with relevant nrules thereunder and in terms of Regulation 33 of the SEBI Listing Obligation and Disclosure nRequirements Regulations 2015 the Regulations. n n2. These consolidated financial results have been reviewed by the Audit Committee at its meeting held on n26 May 2025 and have been approved by the Board of Directors at its meeting held on 26 May 2025. n n3. The figures for the quarter ended 31 March 2024 are the balancing figures between audited figures in nrespect of year ended 31 March 2024 and audited figures for the nine months ended 31 December 2023 nas approved by the board of directors and audited by S.R. Batliboi and Associates LLP. n n4. The figures for the quarter ended 31 March 2025 are the balancing figures between audited figures in nrespect of the full financial year and the reviewed year to date published unaudited figures for the nine nmonths ended 31 December 2024 as approved by the board of directors. n n5. Pursuant to approval of the Board of Directors of the Holding Company at their meeting held on 09 September 2024 the Holding Company has entered into a Business Transfer Agreement BT A with SMS Integrated Facility Services Private Limited Acquirer for divestiture of its facility management division namely AWFIS Care as a going concern and on a slump sale basis for cash consideration of Rs 275 million out of which Rs 255 million was received and recognized during the quarter ended 30 September 2024. Further the cash consideration of Rs 275 million also included a consideration of Rs 20 million being the Holdback amount out of which Rs 2.79 million and Rs. 17.21 million has been recognized upon fulfilment of the terms and conditions as specified in the BT A during the quarter ended 31 March 2025 and 31 December 2024 respectively. The Holding Company has recognized an exceptional gain amounting to Rs. 1.92 million and Rs. 8.97 million during the quarter ended 31 March 2025 and 31 December 2024 respectively and Rs. 251.02 million for the year ended 31 March 2025 on account of this BTA. n n6. During the quarter ended 30 June 2024 the Holding Company completed its Initial Public Offer IPO nwhere 15 639 638 equity shares of face value of Rs 10 each have been issued at a price of Rs 383 per share. nThe issue comprised of 21.38percent fresh issue aggregating to Rs 1 280 million and 78.62percent offer for sale naggregating to Rs 4 709.30 million. Pursuant to IPO the equity shares of the Holding Company were listed non BSE Limited and National Stock Exchange of India Limited on 30 May 2024. The Holding Company nis still in the process of finalization of offer expenses. n n7. During the quarter ended 31 March 2025 the Holding Company has allotted 134 951 equity shares upon nexercise of Employee Stock Option by eligible employees under the Awfis Space Solutions Limited nEmployee and Director Stock Option Plan 2015 EDSOP 2015. n n8. During the quarter ended 31 March 2025 the Holding Company has granted 144 382 Employee Stock nOption to the eligible employees under the Awfis Space Solutions Employee Stock Option Scheme n n n9. Subsequent to quarter ended 31 March 2025 India Ratings and Research a Fitch Group Company nthrough its Rating Action Commentary dated 16 May 2025 has upgraded the credit rating assigned to nour bank loan facilities. The revised rating now stands at IND A+ with a Stable Outlook an nimprovement from the earlier rating of IND A. This reflects the improved credit profile of the Holding nCompany and underscores the rating agencys confidence in our financial stability operational nperformance and future growth prospects. n n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 5083220000
Capital work-in-progress 164830000
Investment property
Goodwill 0
Other intangible assets 10721720000
Intangible assets under development 12200000
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 3036590000
Total non-current financial assets 3036590000
Deferred tax assets (net)
Other non-current assets 894320000
Total non-current assets 19912880000
2 Current assets
Inventories 870000
Current financial asset
Current investments 0
Trade receivables, current 1773940000
Cash and cash equivalents 399700000
Bank balance other than cash and cash equivalents 417190000
Loans, current 0
Other current financial assets 1710220000
Total current financial assets 4301050000
Current tax assets (net)
Other current assets 855040000
Total current assets 5156960000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 25069840000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 709630000
Other equity 3882560000
Total equity attributable to owners of parent 4592190000
Non controlling interest
Total equity 4592190000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 137950000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 12598020000
Total non-current financial liabilities 12735970000
Provisions, non-current 31280000
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities 443190000
Total non-current liabilities 13210440000
Current liabilities
Current financial liabilities
Borrowings, current 95820000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 80070000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1931300000
Total Trade payable 2011370000
Other current financial liabilities 4759990000
Total current financial liabilities 6867180000
Other current liabilities 345340000
Provisions, current 54690000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 7267210000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 20477650000
Total equity and liabilites 25069840000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Co working space on rent and allied services 2693180000 9160380000
2 Construction and fit out projects 699230000 2782580000
3 Others 4460000 132390000
Total Segment Revenue 3396870000 12075350000
Less: Inter segment revenue 0 0
Revenue from operations 3396870000 12075350000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Co working space on rent and allied services 138160000 458060000
2 Construction and fit out projects 47470000 233400000
3 Others -490000 -22410000
Total Profit before tax 185140000 669050000
i. Finance cost 9760000 9760000
ii. Other Unallocable Expenditure net off Unallocable income 54160000 54160000
Profit before tax 121220000 687600000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Co working space on rent and allied services 21575030000 21575030000
2 Construction and fit out projects 1429110000 1429110000
3 Others 2470000 2470000
Total Segment Asset 23006610000 23006610000
Un-allocable Assets 2063230000 2063230000
Net Segment Asset 25069840000 25069840000
4 Segment Liabilities
Segment Liabilities
1 Co working space on rent and allied services 19364720000 19364720000
2 Construction and fit out projects 716440000 716440000
3 Others 21280000 21280000
Total Segment Liabilities 20102440000 20102440000
Un-allocable Liabilities 375210000 375210000
Net Segment Liabilities 20477650000 20477650000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1. Co Working space and allied services refer to our space solutions mobility and allied services. n2. Construction and fitout projects refers to Awfis Transform. n3. Others includes facility management services and other services. Our facility management services are branded Awfis care. Also refer note 5. n



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements (losses)/ gains on the defined benefit plans -1830000 -5230000
Total Amount of items that will not be reclassified to profit and loss -1830000 -5230000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -1830000 -5230000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 687600000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 720000
Adjustments for decrease (increase) in trade receivables, current -498720000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -268440000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current -1702950000
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 650790000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 211830000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 2758480000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 31170000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 1078660000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 60710000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -251020000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -257960000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 1813270000
Net cash flows from (used in) operations 2500870000
Dividends received 0
Interest paid -1353040000
Interest received -205290000
Income taxes paid (refund) 22990000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 3625630000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 275000000
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 1987670000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 6760000
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 60440000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -371830000
Net cash flows from (used in) investing activities -2030820000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 1343730000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 89490000
Payments of lease liabilities 2462210000
Dividends paid 0
Interest paid 31490000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -1239460000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 355350000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 355350000
Cash and cash equivalents cash flow statement at beginning of period 44350000
Cash and cash equivalents cash flow statement at end of period 399700000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Walker Chandio and Co LLP Yes 31-May-2025