NEW DELHI: EFC (I) has announced a 51.8% rise in its net consolidated profit after tax, reaching ₹70.85 crore for the quarter ending June 30, 2026. This is in comparison to a net profit of ₹46.67 crore for the same quarter last fiscal year.
The company’s net consolidated total income also saw a significant increase of 31.8%, climbing to ₹294.29 crore in Q1 FY27 from ₹223.25 crore in Q1 FY26.
The board of directors has approved a scheme for the demerger of EFC’s wholly-owned subsidiary, which focuses on asset-light managed office solutions, into EFC (I).
This subsidiary operates through leased commercial premises, offering fully serviced premium managed office solutions.
EFC currently runs its managed office business through two models: one asset-light, using leased spaces, and the other asset-intensive, utilizing owned properties.
Post-demerger, EFC will maintain the asset-intensive managed office operations, including any related borrowings and financing tied to property acquisitions, while the asset-light business will be transferred to EFC (I), along with its assets and liabilities.
The company believes this restructuring will consolidate asset-light operations under EFC (I), enhancing its ability to utilize existing expertise and operational capabilities for future growth.
The planned separation aims to establish independent capital structures, streamline management of customers and vendors, reduce administrative overlaps, and improve operational efficiencies.
