CommercialLatest Stories

EFC (I) Q1 FY27 Net Profit Soars 52% to ₹70.85 Crore

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…

CommercialLatest Stories

EFC (I) Plans ₹160 Crore Rights Issue at ₹150/Share

NEW DELHI: EFC (I), a managed workspace operator based in Pune, has received approval from its board to raise up to ₹159.94 crore through a rights issue of equity shares, as detailed in a regulatory filing. The board initially approved the rights issue on April 3, 2026, and has now approved the issuance of 1,06,62,786 fully paid-up equity shares at a price of ₹150 each, which includes a face value of ₹2 and a premium of ₹148. The rights entitlement ratio is set at 8:103, meaning eligible shareholders can claim eight rights equity shares for every 103 fully paid-up equity…

CommercialLatest Stories

EFC (I) Net Profit Soars 55.11% in Q2 FY26

NEW DELHI: EFC (I) has announced a significant 55.11% increase in its net consolidated profit for the quarter ending September 30, 2025. The company reported a profit after tax of ₹56.71 crore in Q2 FY26, compared to ₹36.56 crore in the same quarter last year, according to a filing with the BSE. The net consolidated total income for Q2 FY26 reached ₹441.90 crore, marking a 4.18% rise from ₹424.19 crore in the corresponding quarter of the previous fiscal year. Expanding its capacity, the company now seats over 68,000, achieving an average revenue of ₹6,750-7,250 per seat and managing an area…