NEW DELHI: EFC (I) has reported a growth of 91.71 per cent in its net consolidated profit during the quarter ended December 31, 2024. Its profit after tax stood at Rs 40.47 crore in Q3 FY25 as against Rs 21.11 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 181.50 crore in Q3 FY25, a growth of 4.50 per cent from Rs 173.68 crore it recorded in the similar quarter last year.
In its rental segment, assets under management (AUM) exceeded 2.6 million sq ft across 70 sites, with a seating capacity over 57,000 and an average occupancy rate of 90%. Rental revenue grew to Rs 96.34 crore, a 31% year-on-year increase, with 5,650 seats added during the quarter. EBIT for the vertical increased by 157% year-on-year.
The design and build vertical executed projects totalling over four lakh sq ft and the total project pipeline stands at Rs 92 crore, with Rs 32 crore completed and Rs 60 crore in progress. Revenue increased by 51%, with a 27% growth in EBIT.
Its furniture division delivered Rs 13.33 crore in revenue from completed projects, with Rs 2.65 crore in progress. Rs 8.57 crore worth of projects are slated for completion within 30 days and Rs 14.35 crore within 30–60 days.
The company recently acquired 4,07,897 equity shares of MPF Systems (formerly known as Mather and Platt Fire Systems) through preferential allotment representing 15% paid-up capital.
The stake has been acquired through the corporate insolvency resolution process (CIRP) as the resolution plan of EFC (I) was approved by the COC and NCLT.
Source Homevior.in
