BSE-listed EFC India Ltd Debuts on NSE, Gains 1.19%

Pune, August 20, 2025: BSE-listed integrated office infrastructure and design company EFC (I) Limited debuted on NSE on Wednesday. The company’s stock opened higher at INR 347.80, gaining 1.19 per cent on the platform. The move will help boost the company’s overall brand image while giving it access to better liquidity and improved investor trust.

“We have been witnessing a robust growth momentum across all our business verticals, and we expect the listing on NSE to give us access to better liquidity and capital to fund our ambitious growth target,” said Umesh Sahay, Founder and CEO, EFC (I). 

“Listing on the largest stock exchange of the country will also help enhance our brand visibility and lead to improved trust among investors.”     

The Pune-headquartered company added 3,377 seats during the first quarter of this fiscal. It registered 34.72 per cent growth in the total number of seats at 63,389 seats in Q1FY26 compared to 47,051 in the same period last year.

For the first quarter ended June 30, EFC posted 196 per cent surge in net profit on a consolidated basis at INR 46.7 crore, compared to INR 15.8 crore in the same period last year.

Operating income on standalone basis increased by 115 per cent at INR 219.6 crore during the quarter under review, up from INR 102.1 crore last year. Rental income accounted for nearly 55.6 per cent of the total revenue on consolidated basis, design and build comprised 38.6 per cent while the remaining 5.8 per cent came from the furniture business.

EBITDA grew by 120 per cent at INR 102.3 crore as against INR 46.4 crore in Q1FY25. EPS stood at INR 4.69 in Q1FY26 as against INR 3.17 last year.

“We have witnessed a robust growth in our topline and bottomline in the first quarter backed by a strong underlying demand for our managed services and design and build services offerings. The managed spaces segment in the country has been growing at around 30 per cent per annum and the rise of GCCs is expected to give a further fillip to this demand,” Sahay said.

“There is also a good surge in demand for design and build services from sectors such as IT/ITeS, BFSI and e-commerce, among others, and we expect the demand momentum to sustain during the coming quarters. We expect to post a higher growth in our topline in the coming quarters backed by our integrated business model and buoyant demand.”

The company recently secured fit-out contracts worth INR 57 crore, underscoring rapid growth in large-scale infrastructure. It was also recently awarded two Passport Seva Kendra projects in Hyderabad, reinforcing its pan-India leadership in turnkey interiors following completion of the Ahmedabad site.

“While the recent capacity additions and the growing demand will shore up our topline, we expect the profitability to improve further in the coming quarters on the back of a good growth coming from high-margin furniture and fit-out contracts business,” Sahay added.