Financial Performance Summary

Q2 FY27 Performance (YoY Comparison)

  • Revenue: ₹332.02 Cr, up 30% from Q2 FY26 (₹254.59 Cr)
  • EBITDA: ₹133.77 Cr, up 21% from Q2 FY26 (₹110.81 Cr)
  • EBITDA Margin: 40% (vs 44% in Q2 FY26)
  • Profit Before Tax: ₹110.83 Cr, up 47% from Q2 FY26 (₹75.55 Cr)
  • Profit After Tax: ₹77.26 Cr, up 36% from Q2 FY26 (₹56.68 Cr)
  • PAT Margin: 23% (vs 22% in Q2 FY26)

Q2 FY27 Performance (QoQ Comparison)

  • Revenue: ₹332.02 Cr, up 17% from Q1 FY27 (₹282.88 Cr)
  • EBITDA: ₹133.77 Cr, up 9% from Q1 FY27 (₹122.96 Cr)
  • EBITDA Margin: 40% (vs 43% in Q1 FY27)
  • Profit Before Tax: ₹110.83 Cr, up 9% from Q1 FY27 (₹101.34 Cr)
  • Profit After Tax: ₹77.26 Cr, up 9% from Q1 FY27 (₹70.85 Cr)
  • PAT Margin: 23% (vs 25% in Q1 FY27)

H1 FY27 Performance (YoY Comparison)

  • Revenue: ₹614.90 Cr, up 30% from H1 FY26 (₹474.21 Cr)
  • EBITDA: ₹256.73 Cr, up 20% from H1 FY26 (₹213.05 Cr)
  • EBITDA Margin: 42% (vs 45% in H1 FY26)
  • Profit Before Tax: ₹212.22 Cr, up 50% from H1 FY26 (₹141.70 Cr)
  • Profit After Tax: ₹148.16 Cr, up 43% from H1 FY26 (₹103.43 Cr)
  • PAT Margin: 24% (vs 22% in H1 FY26)

Segmental Revenue Breakdown

Q2 FY27 Segmental Performance

  • Rental: ₹167.99 Cr, up 30% YoY and 9% QoQ
  • Interior: ₹129.19 Cr, up 16% YoY and 29% QoQ
  • Furniture: ₹34.84 Cr, up 149% YoY and 22% QoQ

H1 FY27 Segmental Performance

  • Rental: ₹321.90 Cr, up 28% YoY
  • Interior: ₹229.58 Cr, up 17% YoY
  • Furniture: ₹63.41 Cr, up 137% YoY

Strategic and Operational Highlights

Corporate Actions

1. Demerger: Consolidation of leasing and Design & Build operations within the listed entity to simplify corporate structure, improve operational efficiency and create an integrated business platform.

2. Ultrafresh Acquisition: Strategic expansion into modular furniture segment through acquisition of 100% equity in Ultrafresh Modular Solutions Limited, strengthening furniture portfolio and creating synergies across manufacturing, distribution and workspace solutions.

3. Pune Expansion: Addition of 95,897 sq. ft. managed office facility at Koregaon Park Annex, strengthening presence in Pune's commercial workspace market.

4. Sanvritti Alpha Divestment: Successful sale of stabilised, income-generating real estate asset with over 90% occupancy, realising business-plus-real-estate valuation and annualised IRR of approximately 30%.

Management Commentary

Mr. Umesh Sahay, Chairman & Managing Director, commented on the results: "EFC (I) Limited has continued its strong growth momentum during Q2 FY27, driven by disciplined execution, sustained enterprise demand and the strength of our integrated business model." He highlighted the 30% YoY revenue growth, 21% EBITDA growth, and 36% PAT growth, reinforcing the company's focus on profitable and sustainable growth.

He noted that the three core business verticals—Managed Office Leasing, Design & Build and Furniture Manufacturing—continue to complement each other, providing recurring revenue visibility, operational efficiencies and diversified growth opportunities.

Company Overview

EFC (I) Limited is a real estate-as-a-service platform specializing in managed office solutions, interior design, and furniture manufacturing. Founded in 2014 by first-generation entrepreneur Umesh Kumar Sahay, the company is headquartered in Pune and has 182 centers with 88,900+ seats under management across thirty-nine cities. The company employs around 550+ people and caters to 800+ corporates.