AWFIS2024-07-012024-09-30 AWFIS2024-07-012024-09-30 AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses03Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses04Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses05Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses06Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses07Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses08Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses09Member AWFIS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses10Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses03Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses04Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses05Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses06Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses07Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses08Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses09Member AWFIS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses10Member AWFIS2024-09-30 AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue03Member AWFIS2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member AWFIS2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member AWFIS2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue03Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults03Member AWFIS2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member AWFIS2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member AWFIS2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults03Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets03Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member AWFIS2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member AWFIS2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member AWFIS2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member AWFIS2024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544181 AWFIS NOTLISTED Awfis Space Solutions Limited Equity 2024-04-01 2025-03-31 2024-11-11 2024-11-06 INR Millions Half yearly 15:50:00 16:20:00 2024-11-11 2024-11-11 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Consolidated 2923840000.00 95680000.00 3019520000.00 0.00 96810000.00 0.00 393830000.00 304090000.00 646640000.00 1431570000.00 2872940000.00 146580000.00 240130000.00 386710000.00 0.00 0.00 0.00 0.00 386710000.00 0.00 0.00 0.00 0.00 386710000.00 -1560000.00 385150000.00 0.00 0.00 702120000.00 10 5.55 5.45 0.00 0.00 5.55 5.45 Explanatory notes to the statement of unaudited consolidated financial results for the quarter and six months ended 30 September 2024: 1. The above unaudited consolidated financial results of the Awfis Space Solutions Limited (“the Holding Company”) have been prepared in accordance with the recognition and measurement principle laid down in Indian Accounting Standards (“Ind AS”) as prescribed under Section 133 of the Companies Act 2013, as amended, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 (“the Regulations”). 2. These consolidated financial results have been reviewed by the Audit Committee at its meeting held on 11 November 2024 and have been approved by the Board of Directors at its meeting held on 11 November 2024. A limited review of the financial results for the quarter and six months ended 30 September 2024 has been carried out by the Statutory Auditors. 3. The figures for the quarter and six months ended 30 September 2023 have been extracted from the Holding Company’s unaudited consolidated financial statements, which were neither subjected to review nor audit. However, the management has exercised necessary due diligence to ensure that the financial results for such period are fairly stated. 4. The figures for the quarter ended 30 September 2023 are the balancing figures between the management certified figures in respect of the six months ended 30 September 2023 and audited figures in respect of three months ended 30 June 2023 as approved by the board of directors. 5. 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 ( BTA ) 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 including Rs. 20 million pertaining to the Holdback amount, which has not been accounted for yet. The same shall be recorded upon fulfillment of certain terms and conditions as specified in the BTA. Multi segment 2024-04-01 2024-09-30 Unaudited Consolidated 5501270000.00 197000000.00 5698270000.00 0.00 176520000.00 170000.00 785040000.00 584940000.00 1229620000.00 2747520000.00 5523810000.00 174460000.00 240130000.00 414590000.00 0.00 0.00 0.00 0.00 414590000.00 0.00 0.00 0.00 0.00 414590000.00 -940000.00 413650000.00 0.00 0.00 702120000.00 10 6.06 5.95 0.00 0.00 6.06 5.95 Brokerage expenses 39020000.00 Common area maintenance 133530000.00 Communication expenses 46800000.00 Electricity expenses 188060000.00 Legal and professional expenses 27310000.00 Other Expenses 89170000.00 Rent 250740000.00 Repair and maintenance 30220000.00 Security and housekeeping charges 65340000.00 Sub-Contracting Expenses 561380000.00 Brokerage expenses 70400000.00 Common area maintenance 239000000.00 Communication expenses 87090000.00 Electricity expenses 357050000.00 Legal and professional expenses 44760000.00 Other Expenses 179490000.00 Rent 511240000.00 Repair and maintenance 55130000.00 Security and housekeeping charges 90380000.00 Sub-Contracting Expenses 1112980000.00 3917490000.00 177620000.00 0.00 8578120000.00 0.00 0.00 1590910000.00 1590910000.00 712010000.00 14976150000.00 1420000.00 0.00 1370500000.00 1678500000.00 351930000.00 0.00 513650000.00 3914580000.00 72780000.00 570260000.00 4559040000.00 19535190000.00 702120000.00 3540510000.00 4242630000.00 4242630000.00 187530000.00 9541520000.00 9729050000.00 27050000.00 247180000.00 10003280000.00 91250000.00 1588430000.00 3115370000.00 4795050000.00 454330000.00 39900000.00 5289280000.00 15292560000.00 19535190000.00 6. During the previous quarter ended 30 June 2024, the Holding Company has completed its Initial Public Offer (IPO) where 15,639,638 equity shares of face value of Rs. 10 each have been issued at a price of Rs. 383 per share. The issue comprised of 21.38% fresh issue aggregating to Rs. 1,280 million and 78.62% offer for sale aggregating to Rs. 4,709.30 million. Pursuant to IPO, the equity shares of the Holding Company were listed on BSE Limited and National Stock Exchange of India Limited on 30 May 2024. The utilization of the IPO proceeds from fresh issue of Rs. 1,170.29 Million (net of offer expenses of Rs. 109.71 Million in relation to fresh issue of shares) is summarized below: - Particulars Amount to be utilized as per prospectus (Rs. Million) Amount utilized upto 30 September 2024 (Rs. Million) Amount unutilized as at 30 September 2024 (Rs. Million) Funding capital expenditure towards establishment of new centers 420.30 38.62 381.68 Funding working capital requirements 543.70 287.96 255.74 General corporate purposes 206.29 - 206.29 Total 1,170.29 326.58 843.71 7. Certain amounts that are required to be disclosed and do not appear due to rounding off are expressed as 0.00 . 8. During the quarter ended 30 September 2024, the Holding Company has allotted 792,144 equity shares upon exercise of Employee Stock Option by eligible employees under the Awfis Space Solutions Limited – Employee and Director Stock Option Plan 2015” ('EDSOP 2015'). 9. The results for the quarter and six months ended 30 September 2024 are available on the Bombay Stock Exchange of India Limited website (URL: https://www.bseindia.com/corporates), the National Stock Exchange of India Limited website (URL: https://www.nseindia.com/corporates) and on the Holding Company's website (URL: https://www.awfis.com/investor-relations). 10. Previous period figures have been regrouped/reclassified, wherever necessary to confirm to this period’s classification. Such regroupings/reclassifications are not material to the consolidated financial results. Co-working space on rent and allied services 2183180000.00 Construction and fit-out projects 681520000.00 Others 59140000.00 Co-working space on rent and allied services 4033260000.00 Construction and fit-out projects 1351160000.00 Others 116850000.00 2923840000.00 5501270000.00 2923840000.00 5501270000.00 Co-working space on rent and allied services 144120000.00 Construction and fit-out projects 64760000.00 Others -530000.00 Co-working space on rent and allied services 153590000.00 Construction and fit-out projects 133300000.00 Others -15650000.00 208350000.00 271240000.00 10920000.00 21380000.00 -189280000.00 -164730000.00 386710000.00 414590000.00 Co-working space on rent and allied services 15458230000.00 Construction and fit-out projects 1170210000.00 Others 79230000.00 16707670000.00 2827520000.00 19535190000.00 Co-working space on rent and allied services 14242970000.00 Construction and fit-out projects 633790000.00 Others 62270000.00 14939030000.00 353530000.00 15292560000.00 0.00 170000.00 -105580000.00 0.00 -162240000.00 0.00 0.00 -163730000.00 0.00 324050000.00 0.00 -120660000.00 0.00 1229620000.00 0.00 14230000.00 0.00 501500000.00 0.00 0.00 0.00 0.00 35930000.00 0.00 0.00 -240130000.00 0.00 -215420000.00 0.00 1097740000.00 1512330000.00 0.00 -580900000.00 -149340000.00 -166230000.00 0.00 2110120000.00 255000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 836770000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 470000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20370000.00 0.00 -46310000.00 0.00 -608180000.00 0.00 0.00 1276980000.00 0.00 0.00 0.00 910000.00 0.00 0.00 43590000.00 0.00 553050000.00 0.00 549040000.00 0.00 0.00 132210000.00 1634150000.00 0.00 1634150000.00 44350000.00 1678500000.00 -1560000.00 -940000.00 0.00 0.00