The share price of this company, engaged mainly in commercial property leasing and managed office services, hit a 5 percent upper price band after reporting a remarkable 230 percent YoY increase in net profits and strong revenue growth in its recent quarterly results.
Share Price Movement
The share price of EFC (I) Ltd hit a 5 percent upper circuit to Rs.511.50 per share on Friday, a significant rise from its previous close of Rs.487.15 per share. Over the past five years, the share has delivered returns of over 4,000 percent.
What Happened
Such a bullish movement in the stock price was an outcome of an increase in revenue and net profits of the company in the recent quarter. According to its recent filing, in the quarter ending September 2024, EFC (I) Ltd reported a 70 percent increase in revenue to Rs.166 crore compared to Rs.98 crore in Q2 FY24.
Furthermore, on a quarter-over-quarter basis, the company saw an increase of 62 percent from Rs.102 crore in Q1 FY25.
In the same period, the company has reported a significant increase in net profit of 230 percent to Rs.36 crore in Q2 FY25, up from Rs.11 crore Q1 FY25 and 125 percent from Rs.16 crores in Q1 FY2025.
In terms of return ratios, return on capital employed (ROCE) is currently at 18.7 percent, while return on equity (ROE) is at 23.1 percent. The company has a strong current ratio of 3.35 and a debt-to-equity ratio of 0.95.
Network and Reach
EFC Limited operates across seven major metropolitan cities in India with over 40 centres. The company serves more than 450 clients and has established a network that supports over 30,000 working professionals. This extensive reach underscores EFC’s commitment to providing quality service and innovative workspace solutions
New Clientele
The company has a prestigious client portfolio that includes notable new names such as Ascent, Manpower Group, Data Bridge, Amway, Whirlpool, Cosmos Maya, AmpliAI, Digicore, Checkmarx and many more.
About the company
EFC Limited, also known as the Entrepreneurial Facilitation Centre, is a prominent real estate enterprise based in Pune, Maharashtra, India. Established on February 19, 2014, the company specialises in providing managed office space solutions tailored for entrepreneurs, small and medium enterprises (SMEs), and large corporations.
Written by – Siddesh S Raskar
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