India, Aug. 13 -- Coworking space provider Awfis posted a consolidated net profit of INR 2.7 Cr in the first quarter of the financial year 2024-25 (Q1 FY25) as against a net loss of INR 8.3 Cr in the year-ago quarter, on the back of strong growth in its business.

It is pertinent to note that the startup, which listed on the stock exchanges in May, posted its maiden profitable quarter in Q4 FY24. Awfis' profit more than doubled during the quarter under review from INR 1.3 Cr in the preceding March quarter.

Operating revenue grew 37.2% to INR 257.7 Cr in Q1 FY25 from INR 187.7 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, revenue from operations rose 10.9% from INR 232.3 Cr.

Founded in 2015 by Amit Ramani, Awfis has ev...