Nature of the Disclosure

Financial Results - Standalone (All figures in ₹ lakhs)

Income Statement for Q2 FY27 (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹14,365.08 (Q2 FY26: ₹9,856.68)
  • Other Income: ₹1,021.76 (Q2 FY26: ₹361.01)
  • Total Income: ₹15,356.84 (Q2 FY26: ₹10,217.60)
  • Total Expenses: ₹13,273.35 (Q2 FY26: ₹8,518.58)
  • Profit Before Tax (PBT): ₹2,055.15 (Q2 FY26: ₹1,699.41)
  • Total Tax Expense: ₹566.55 (Q2 FY26: ₹470.85)
  • Profit for the Period (After Tax): ₹1,488.60 (Q2 FY26: ₹1,228.56)
  • Earnings Per Share (EPS) - Basic & Diluted: ₹10.03 (Q2 FY26: ₹8.60)

Income Statement for H1 FY27 (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹24,221.76 (H1 FY26: ₹21,359.92)
  • Other Income: ₹1,382.77 (H1 FY26: ₹1,154.93)
  • Total Income: ₹25,605.53 (H1 FY26: ₹22,514.85)
  • Total Expenses: ₹21,645.93 (H1 FY26: ₹14,956.33)
  • Profit Before Tax (PBT): ₹3,758.60 (H1 FY26: ₹7,598.52)
  • Total Tax Expense: ₹1,037.39 (H1 FY26: ₹2,071.40)
  • Profit for the Period (After Tax): ₹2,721.21 (H1 FY26: ₹5,527.12)
  • Earnings Per Share (EPS) - Basic & Diluted: ₹18.70 (H1 FY26: ₹39.60)

Standalone Balance Sheet (As of September 30, 2026)

  • Total Assets: ₹1,09,871.88 lakh (Mar-26: ₹79,266.07 lakh)
  • Non-Current Assets: ₹56,307.49 lakh
  • Current Assets: ₹53,564.39 lakh
  • Total Equity: ₹73,124.34 lakh (Mar-26: ₹54,401.10 lakh)
  • Equity Share Capital: ₹2,958.92 lakh (Face value ₹2 per share)
  • Other Equity: ₹70,165.42 lakh
  • Total Liabilities: ₹36,747.54 lakh
  • Non-Current Liabilities: ₹8,185.48 lakh
  • Current Liabilities: ₹28,562.06 lakh

Standalone Cash Flow (H1 FY27)

  • Net Cash from Operating Activities: ₹4,051.60 lakh
  • Net Cash Used in Investing Activities: ₹(17,418.11) lakh
  • Net Cash from Financing Activities: ₹13,044.85 lakh
  • Net Decrease in Cash & Equivalents: ₹(321.66) lakh
  • Cash & Equivalents at Period End: ₹11.91 lakh

Financial Results - Consolidated (All figures in ₹ lakhs)

Income Statement for Q2 FY27 (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹33,201.89 (Q2 FY26: ₹25,459.24)
  • Other Income: ₹1,068.33 (Q2 FY26: ₹222.46)
  • Total Income: ₹34,270.22 (Q2 FY26: ₹25,681.70)
  • Total Expenses: ₹23,187.46 (Q2 FY26: ₹18,126.87)
  • Profit Before Tax (PBT): ₹11,082.76 (Q2 FY26: ₹7,558.47)
  • Total Tax Expense: ₹3,356.74 (Q2 FY26: ₹1,887.28)
  • Profit for the Period (After Tax): ₹7,726.02 (Q2 FY26: ₹5,671.19)
  • Attributable to Owners: ₹7,797.65 (Q2 FY26: ₹5,549.67)
  • Earnings Per Share (EPS) - Basic & Diluted: ₹53.60 (Q2 FY26: ₹39.80)

Income Statement for H1 FY27 (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹61,489.88 (H1 FY26: ₹47,421.42)
  • Other Income: ₹2,210.13 (H1 FY26: ₹585.98)
  • Total Income: ₹63,700.01 (H1 FY26: ₹48,007.40)
  • Total Expenses: ₹42,483.40 (H1 FY26: ₹33,837.81)
  • Profit Before Tax (PBT): ₹21,216.61 (H1 FY26: ₹14,169.59)
  • Total Tax Expense: ₹6,405.39 (H1 FY26: ₹3,826.37)
  • Profit for the Period (After Tax): ₹14,811.22 (H1 FY26: ₹10,338.35)
  • Attributable to Owners: ₹14,697.75 (H1 FY26: ₹9,891.58)
  • Earnings Per Share (EPS) - Basic & Diluted: ₹101.10 (H1 FY26: ₹70.90)

Consolidated Balance Sheet (As of September 30, 2026)

  • Total Assets: ₹3,20,824.00 lakh (Mar-26: ₹2,67,509.21 lakh)
  • Non-Current Assets: ₹2,16,738.74 lakh
  • Current Assets: ₹1,04,085.26 lakh
  • Total Equity: ₹1,12,190.04 lakh (Mar-26: ₹81,368.67 lakh)
  • Equity Attributable to Owners: ₹1,11,433.18 lakh
  • Non-Controlling Interest: ₹756.86 lakh
  • Total Liabilities: ₹2,08,633.96 lakh (Mar-26: ₹1,86,140.55 lakh)

Consolidated Cash Flow (H1 FY27)

  • Net Cash from Operating Activities: ₹7,524.03 lakh
  • Net Cash Used in Investing Activities: ₹(10,712.66) lakh
  • Net Cash from Financing Activities: ₹2,839.50 lakh
  • Net Decrease in Cash & Equivalents: ₹(349.08) lakh
  • Cash & Equivalents at Period End: ₹700.48 lakh

Key Notes and Qualifications from Auditors

  • Qualified Conclusion: The statutory auditors, Mehra Goel & Co. LLP, issued a qualified conclusion on both standalone and consolidated results.
  • Standalone Qualification: Other current assets include unbilled revenue of ₹7,638 lakh as of September 30, 2026. This revenue was recognized based on management's stage of completion assessment, supported by independent technical expert certificates. Customer confirmations were awaited at the review date, though management believes the amounts are fully recoverable.
  • Consolidation Qualification: Trade receivables in subsidiary Ek Design Industries Limited include ₹18.95 crore outstanding for over six months (₹8.31 crore for over one year). Management is following up for recovery, but the assessment of expected credit loss and subsequent realizations was not finalized by the review date.
  • Merger with Whitehills Interior Limited: Pursuant to an NCLT order dated November 12, 2025 (Petition No. CP (CAA)/217/MB/2025), Whitehills Interior Limited merged with EFC (I) Limited with effect from November 28, 2025. The merger, being of commonly held entities, was accounted for using the pooling of interest method. Consequently, comparative figures for the previous periods have been restated.
  • Subsidiaries: The consolidated results include 23 subsidiaries listed in an annexure. The review reports for 22 subsidiaries (Sr. No. 2 to 23) were relied upon by the holding company's auditor. The financial information for Whitehills Interior Limited in the comparative period was reviewed by the preceding auditors, Nikhil Warankar & Co.
  • Sale of Subsidiary: The company completed the sale of its entire 100% shareholding in Sanvritti Alpha Private Limited (formerly EFC Estate 56 Alpha Private Limited) to Sanvritti Global Private Limited. It ceased to be a subsidiary effective September 4, 2026.
  • Segment Reporting: The company operates in three reportable segments: Rental, Interior, and Furniture. Segment revenue and results are provided in the consolidated notes.