BSECompany Update4 Aug 2026 · 4 Aug 2026, 06:32 pm
Transcript of the Earnings Call dated July 30, 2026 is attached herewith.
EFC (I) Ltd · 512008
✦ AI Summary▲ PositiveResults
EFC India Limited reported Q1 FY'27 earnings, with consolidated revenue from operations at ₹283 crores, a 29% year-on-year growth, and profit after tax at ₹71 crores, a 52% year-on-year growth. The company's leasing business continued to be the foundation of the platform, with operations across 25 cities and serving over 780 clients. The Design & Build vertical strengthened the ecosystem by delivering turnkey commercial interior enterprise solutions, and the furniture manufacturing business improved quality control, execution, and supply chain reliability.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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EFC (I) Ltd - 512008 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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August 4, 2026
To, To,
BSE Limited National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot no. C/1,
Dalal Street, Mumbai-400001. G Block, Bandra Kurla Complex, Mumbai-400051.
Scrip Code: 512008 NSE Symbol: EFCIL
Sub.: Earnings Conference Call – Transcript.
Dear Sir/ Ma’am,
Pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of the transcript of
Analyst/Investor Meet held on Thursday, July 30, 2026.
Pursuant to Regulation 46 of Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the above information is also being hosted on the Company’s website
at https://efclimited.in/investor-relation/investor-presentation/
Kindly take the above information on record.
Yours faithfully,
For EFC (I) Limited
Aman Gupta
Company Secretary
Encl.: As above
EFC (I) Limited
Regd. Office: 6th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar,
Pune-411007, Maharashtra I CIN: L74110PN1984PLC216407
Tel.: 020 2952 0138 I Email Id: compliance@efclimited.in I Website: www.efclimited.in
“EFC (I) Limited
Q1 FY'27 Earnings Conference Call”
July 30, 2026
MANAGEMENT: MR. UMESH SAHAY – CHAIRMAN AND MANAGING
DIRECTOR – EFC (I) LIMITED
MR. NIKHIL BHUTA – WHOLE-TIME DIRECTOR – EFC
(I) LIMITED
MR. UDAY VORA – CHIEF FINANCIAL OFFICER – EFC
(I) LIMITED
MR. AMAN GUPTA – COMPANY SECRETARY – EFC (I)
LIMITED
MODERATOR: MS. NIDHI VIJAYWARGIA – MUFG INTIME INDIA
PRIVATE LIMITED
Page 1 of 15
EFC (I) Limited
July 30, 2026
Moderator: Ladies and gentlemen, good day, and welcome to EFC India Limited Q1 FY '27 Earnings
Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there
will be an opportunity for you to ask questions after the presentation concludes. Should you need
assistance during the conference call, please signal an operator by pressing star then zero on
your touchtone phone. Please note that this conference is being recorded.
I now hand the conference over to Ms. Nidhi Vijaywargia from MUFG Intime. Thank you. And
over to you, ma'am.
Nidhi Vijaywargia: Good morning, everyone. Welcome to the Q1 FY '27 earnings conference call of EFC India
Limited. To discuss this quarter's performance, we have from the management, Mr. Umesh
Sahay, Chairman and Managing Director; Mr. Nikhil Bhuta, Whole-Time Director; Mr. Uday
Vora, Chief Financial Officer; and Mr. Aman Gupta, Company Secretary.
Before we proceed with this call, I would like to mention that some of the statements made in
today's call may be forward-looking in nature and may involve risks and uncertainties. For more
details, kindly refer to the investor presentation and other filings that can be found on the
company's website and stock exchanges.
With that, I would like to hand over the call to Mr. Umesh Sahay for his opening remarks. Thank
you. And over to you, sir.
Umesh Sahay: Thank you, ma'am. Good morning, ladies and gentlemen. Thank you for joining us for the Q1
financial year '27 earnings conference call of EFC India Limited. We are blessed to begin
financial '27 on a strong note. Q1 reflects continued momentum across our platform, supported
by disciplined execution, enterprise-led demand and the growing relevance of our integrated real
estate-as-a-service model.
During the quarter, our consolidated revenue from operations stood at approximately 283 crores,
representing a growth of around 29% year-on-year. Profit after tax stood at approximately 71
crores, growing by around 52% year-on-year. These numbers demonstrate the strength of our
platform, the benefit of scale and our continued focus on profitable execution.
Over the last few years, we have continuously built EFC as a multi-engine workspace platform
across 3 core verticals: Leasing, Design & Build and Furniture Manufacturing. These businesses
are distinct, but together, they allow us to participate across the complete commercial workspace
life cycle from space identification and leasing to design execution, fit-out, furniture and
ongoing workspace operation.
Our leasing business continued to remain the foundation of the platform. It provides a recurring
revenue base, deep enterprise relationships and long-term customer engagement. We operate
across 25 cities during the quarter and serve more than 780 clients.
Our Design & Build vertical continue to strengthen the ecosystem by allowing us to deliver
turnkey commercial interior enterprise, GCC, institutional client and multi-location mandate.
Page 2 of 15
EFC (I) Limited
July 30, 2026
The vertical enhanced our relevance to clients because we are not merely provide space, we are
helping them create functional, scalable and ready-to-use workspace infrastructure.
Our furniture manufacturing business further strengthened our integrated model. It supports
quality control, faster execution, better procurement discipline and supply chain reliability as
this vertical add another important capability to our platform and improve our ability to serve
both internal workspace requirement and external institution demand.
The industry backdrop remains encouraging. India continues to see a strong demand for Grade
A commercial workspace, managed office solution and enterprise-ready infrastructure. The shift
towards GCC flexible workspace, enterprise-led office and integrated workspace solution is
closely aligned with EFC operating model.
What is important is that occupiers today are not looking for the office space. They are looking
for speed, flexibility, design quality execution certainly and a single accountable partner. This
is where EFC integrated Leasing, Design & Build and Furniture capability create a meaningful
and competitive advantage.
We remain focused on disciplined growth, improving asset productivity, strengthening
enterprise relationships and create sustainable value for all stakeholders. Our approach is not
just to expand, but to expand with operating discipline, customer quality and return focus. I
would like to thank our shareholders, customers, banking partners, our team members and all
shareholders' continued trust and support.
With that, I would now like to invite Mr. Nikhil Bhuta, Whole Time Director, to discuss the
operational performance and the company in greater detail.
Nikhil Bhuta: Thank you. Thank you so much, Umesh, sir. Good morning to all investors, analysts and
stakeholders, and a warm welcome to the Q1 FY '27 earnings conference call of EFC (I) Limited.
Q1 FY '27 has been a strong operational quarter for the company. The performance reflects the
progress we have made in building a scalable, integrated and enterprise-focused workspace
platform.
Our 3 core businesses, Leasing, Design & Build and Furniture Manufacturing continue to
perform in a coordinated manner. Together, these businesses allow EFC to offer complete
workplace solutions to clients while creating operating synergies, cross-selling opportunities and
deeper customer relationships.
Starting with the Leasing business. This vertical continues to be the cornerstone of our platform.
During the quarter, Leasing revenue stood at approximately Rupees 154 crores, growing around
26% year-on-year. Segment results from the Leasing business stood at approximately 64 crores
of profitability that reflects the stability of the annuity model, the strength of our enterprise
relationships and the benefits of scalable across our managed workspace portfolio.
Our managed workspace platform now spans 25 cities with total seat capacity of more than
84,000 seats, billed seats of more than 68,000 seats. We have also additional inventory and
Page 3 of 15
EFC (I) Limited
July 30, 2026
capacities under development, which supports future revenue visibility without making any
revenue commitment.
The scale of these platforms gives us operating leverage, deeper customer acce
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