Tag: flexible workspace solutions

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Executive Centre India Gets SEBI Nod for ₹2,600-Crore IPO

NEW DELHI: Executive Centre India has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The IPO will feature a fresh equity share issuance with a face value of ₹2 each, totaling up to ₹2,600 crore. As outlined in the draft red herring prospectus (DRHP), the net proceeds are intended primarily for investments in TEC Abu Dhabi, a direct subsidiary, and to fund part of the acquisition costs for TEC Singapore and TEC Dubai. These two entities are currently step-down subsidiaries of TEC Singapore, a corporate promoter of the company, and…

CommercialLatest Stories

Awfis Space Solutions Q2 FY26 Net Profit Falls 58.7%

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, has reported a 58.7% decline in its net consolidated profit for the quarter ending September 30, 2025. The profit after tax for Q2 FY26 was ₹15.97 crore, down from ₹38.67 crore in the same quarter of the prior fiscal year, according to a BSE filing. The company’s net consolidated total income was ₹392.97 crore in Q2 FY26, reflecting a 30.14% increase from ₹301.95 crore in the year-ago quarter. Amit Ramani, the company’s chairman and managing director, stated, “In H1 FY26, our Operating EBITDA grew 44% year-on-year, revenue expanded by…

CommercialLatest Stories

Awfis Space Solutions Q1 FY26 Net Profit Hits ₹8.94 Crore

NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, announced a standalone net profit after tax of ₹8.94 crore for the quarter ending June 30, 2025. The company’s standalone total income reached ₹351.54 crore in Q1 FY26, as disclosed in a BSE filing. Amit Ramani, chairman and managing director, stated, “We are delighted to report a robust start to FY26, with revenue at ₹335 crore, marking a 30% year-on-year increase. Our Operating EBITDA margin widened by 710 basis points to 37.8%, fueled by strong revenue growth, deeper enterprise penetration, expanding allied services, and a persistent focus on operational…