EFC (I) Ltd

EFC Group has purchased two floors admeasuring approx 26,500 square feet of commercial office space at prime location in Pune with a capacity over 600 seats. The company said, This acquisition represents a major milestone in the expansion of our serviced office portfolio and underscores EFC Group's leadership in the managed office sector across India. The new property will be pivotal in reinforcing our market position and exemplifies our steadfast commitment to operational excellence and market leadership.Powered by Capital Market - Live

The Forty two Ventures will engage in the business of logistics and logistic solutions, including end-to-end supply chain management. It will operate, manage, and maintain furniture studios, experience centers, and retail showrooms. The company has subscribed 50% or 50,000 equity shares of Forty Two Ventures, with a face value of Rs 10 each, aggregating Rs 500,000. The objectives of Forty Two Ventures align with the company's existing business operations, as well as those of its subsidiaries. These objectives also serve as ancillary support for the group's current business activities, leveraging its established expertise in the segment. EFC (I) is an integrated office infrastructure and design company. It has more than 70 centers with more than 56,000 seats under management across nine cities in seven states. The company caters to more than 570 highly reputed corporates ' both Indian and global names, in terms of offering high-quality working spaces. EFC (I) has reported 91.7% jump in consolidated net profit to Rs 40.47 crore on a 4.5% rise in revenue to Rs 181.51 crore in Q3 FY25 as compared with Q3 FY24. The counter advanced 1.33% to end at Rs 221.45 on Tuesday, 4 March 2025.Powered by Capital Market - Live

The key equity benchmarks traded near flat line in mid-morning trade. The Nifty hovered above 22,550 mark. Auto shares jumped for the second consecutive trading sessions. At 11:25 IST, the barometer index, the S&P BSE Sensex, advanced 154.95 points or 0.21% to 74,613.72. The Nifty 50 index added 3.60 points or 0.02% to 22,556.95. In the broader market, the S&P BSE Mid-Cap index fell 0.17% and the S&P BSE Small-Cap index declined 0.01%. The market breadth was positive. On the BSE, 1,913 shares rose and 1,689 shares fell. A total of 171 shares were unchanged. The stock market will be closed tomorrow, 26th February 2025, on account of Mahashivratri. Buzzing Index: The Nifty Auto index advanced 0.81% to 21,727.35. The index increased 1.03% in the two trading sessions. Mahindra & Mahindra (up 2.76%), Ashok Leyland (up 1.77%), Maruti Suzuki India (up 0.76%), Exide Industries (up 0.59%), Balkrishna Industries (up 0.39%), TVS Motor Company (up 0.37%), Bosch (up 0.33%), Eicher Motors (up 0.21%), Bharat Forge (up 0.16%) advanced. Stocks in Spotlight: EFC (I) rose 1.30% after the company announced that it has incorporated a wholly-owned subsidiary (WOS), named EFC Estate 710 Alpha. NTPC shed 0.97%. The company announced that it has signed multiple memorandums of understanding (MoUs) with the Madhya Pradesh government to invest over Rs 2 lakh crore in renewable energy projects. Blue Cloud Softech Solutions declined 0.87%. The company said that it has secured a work order from Pinnacle Hospitals India for the implementation of its advanced outpatient management system (OMS) at Pinnacle Hospitals, Visakhapatnam. Global Market: US Dow Jones index futures were up 72 points, indicating a positive opening in the US stocks today. Asian shares declined on Tuesday, driven by concerns over potential U.S. investment restrictions on Chinese technology sectors and anticipation of Nvidia's earnings. The Bank of Korea's expected 0.25% interest rate cut provided limited support to South Korean stocks. Hong Kong's Hang Seng index continued its downward trend from Monday, following U.S. measures aimed at limiting Chinese investment in strategic areas like semiconductors, artificial intelligence, and aerospace. Investor sentiment was further dampened by continued uncertainty surrounding potential U.S. tariffs on Mexico and Canada, despite prior hopes of negotiated resolutions. U.S. indices finished lower on Monday, with tech stocks leading the decline. This followed sharp losses in the previous session, fueled by growing concerns about a potential slowdown in the U.S. economy, as indicated by weaker consumer sentiment data. The S&P 500 fell 0.5% to 5,983.49 points, while the NASDAQ Composite slid 1.2% to 19,286.93 points. The Dow Jones Industrial Average closed up 0.1% at 43,461.95 points. All eyes are now on Nvidia's quarterly earnings release, scheduled for after the U.S. market close on Wednesday. Investors are particularly focused on whether the company maintained its high growth trajectory driven by strong demand for its advanced artificial intelligence chips.Powered by Capital Market - Live

The company received the Certificate of Incorporation from the Ministry of Corporate Affairs on 24 February 2025. The primary objective of this incorporation is to establish a strategic association for commercial real estate projects, including IT park developments, which align with the business of serviced offices provided by the company and its other subsidiaries. The cost of acquisition for the new subsidiary is Rs 1,00,000, representing 10,000 equity shares of Rs 10 each. The initial subscription in EFC Estate 710 Alpha shares will be made in cash. EFC Estate 710 Alpha is a related party of EFC (I), being a wholly-owned subsidiary, with EFC (I) holding 100% of the equity shares. None of the promoters, promoter group, or group companies have any interest in EFC Estate 710 Alpha, except for Umesh Kumar Sahay, who acts as a nominee shareholder to meet regulatory requirements. Additionally, Amit Narbaria and Nikhil Dilipbhai Bhuta serve as nominee directors representing EFC (I) on the board of EFC Estate 710 Alpha. The subscription for equity shares in EFC Estate 710 Alpha will be conducted at arm's length, with each equity share valued at a face value of Rs 10. EFC (I) is an integrated office infrastructure and design company. It has 61+ centers with more than 50,500+ seats under management across seven states. The company caters to 570+ highly reputed corporates ' both Indian and global names, in terms of offering high-quality working spaces. Powered by Capital Market - Live

EFC (I) has allotted 4,97,76,688 equity shares of Rs. 2 each as fully paid up bonus equity shares, in the proportion of 1:1. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company stands increased to Rs. 19,91,06,752 divided into 9,95,53,376 equity shares of Rs. 2 each. Powered by Capital Market - Live

Chemcrux Enterprises Ltd, SG Mart Ltd, Rajratan Global Wire Ltd and Dr Agarwals Eye Hospital Ltd are among the other losers in the BSE's 'B' group today, 24 January 2025.EFC (I) Ltd tumbled 20.00% to Rs 491.6 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 8.26 lakh shares were traded on the counter so far as against the average daily volumes of 1.04 lakh shares in the past one month.Chemcrux Enterprises Ltd lost 11.17% to Rs 158.25. The stock was the second biggest loser in 'B' group.On the BSE, 44001 shares were traded on the counter so far as against the average daily volumes of 14391 shares in the past one month.SG Mart Ltd crashed 9.99% to Rs 348.2. The stock was the third biggest loser in 'B' group.On the BSE, 8.86 lakh shares were traded on the counter so far as against the average daily volumes of 2.46 lakh shares in the past one month.Rajratan Global Wire Ltd plummeted 7.65% to Rs 433.9. The stock was the fourth biggest loser in 'B' group.On the BSE, 25580 shares were traded on the counter so far as against the average daily volumes of 5622 shares in the past one month.Dr Agarwals Eye Hospital Ltd dropped 7.40% to Rs 5920. The stock was the fifth biggest loser in 'B' group.On the BSE, 10535 shares were traded on the counter so far as against the average daily volumes of 5222 shares in the past one month.Powered by Capital Market - Live

EBITDA increased by 54.6% year-on-year (YoY) to Rs 96.92 crore during the period under review. In its rental segment, assets under management (AUM) exceeding 2.6 million square feet across 70 sites, with a seating capacity over 57,000 and an average occupancy rate of 90%. Rental revenue grew to Rs 96.34 crore, a 31% year-on-year increase, with 5,650 seats added during the quarter. EBIT for the vertical increased by 157% year-on-year, underscoring the strong demand for managed workspace solutions. The Design and Build vertical executed projects totalling over 4 lakh square feet and the total project pipeline stood at Rs 92 crore, with Rs 32 crore completed and Rs 60 crore in progress. The segment's revenue increased by 51% and EBIT grew by 27%. Its furniture division delivered Rs 13.33 crore in revenue from completed projects, with Rs 2.65 crore in progress. The order pipeline remains strong, with Rs 8.57 crore worth of projects slated for completion within 30 days and Rs 14.35 crore within 30'60 days. These results demonstrate EK Design's growing impact in the furniture segment. EFC (I) is an integrated office infrastructure and design company. It has 61+ centres with more than 50,500+ seats under management across seven states. The company caters to 570+ highly reputed corporates ' both Indian and global names, in terms of offering high-quality working spaces. The scrip slumped 13.25% to currently trade at Rs 533.05 on the BSE. Powered by Capital Market - Live

Net profit of EFC (I) rose 129.52% to Rs 37.94 crore in the quarter ended December 2024 as against Rs 16.53 crore during the previous quarter ended December 2023. Sales rose 3.00% to Rs 177.24 crore in the quarter ended December 2024 as against Rs 172.08 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales177.24172.08 3 OPM %52.2735.48 - PBDT78.5351.34 53 PBT52.2831.38 67 NP37.9416.53 130 Powered by Capital Market - Live

EFC (I) will hold a meeting of the Board of Directors of the Company on 23 January 2025.Powered by Capital Market - Live

EFC (I) will hold a meeting of the Board of Directors of the Company on 27 December 2024.Powered by Capital Market - Live