EFC (I) Limited, a leading provider of integrated serviced offices and managed office spaces, has reported remarkable financial performance for the first quarter ending June 30, 2024. The company witnessed a significant 84.57% increase in consolidated sales, reaching Rs. 105.28 crore, compared to Rs. 57.04 crore in the corresponding quarter of the previous year.
Moreover, EFC (I) Limited also recorded an impressive 395.91% surge in consolidated profit after tax, reaching Rs. 15.77 crore in Q1 FY25, up from Rs. 3.18 crore in Q1 FY24.
Umesh Sahay, Founder & CEO of EFC (I) Limited, commented, “This exceptional growth demonstrates the increasing demand for EFC’s premium office solutions and our capacity to serve diverse clients, from institutional to retail customers. In Q1 FY25, we strategically invested in expanding our office capacities across major cities in India and leveraging innovative technology for office management, both of which have been instrumental in driving this strong sales performance.”
Mr. Sahay also announced the company’s strategic diversification into the modular furniture business for office spaces. Initially focusing on the B2B segment and with potential expansion into B2C, this move aims to provide comprehensive, one-stop solutions for all office space needs—from design to management. This new venture is expected to significantly enhance the company’s revenue streams in the coming years.
EFC (I) Limited operates in seven cities and 57 centers, managing assets covering over 2.25 million square feet and accommodating a total seating capacity of 47,000. EFC’s unique approach to providing end-to-end solutions for office space management sets it apart in the market, delivering seamless service and value to its clients. This unique approach positions EFC (I) Limited as a market leader and reassures clients that they receive the best service and value.
As EFC (I) Limited continues on its path of growth and expansion, the company remains dedicated to bringing new ideas and high quality, establishing itself as a top leader in India’s managed office space sector.