EFC (I) Q2 FY27 Results: Consolidated Net Profit ₹77.26 Crore on Total Income of ₹343 Crore
- Earnings
- real estate interiors and workspace leasing
Reviewed byKeshav SehgalBlacklitt Research
EFC (I) (NSE: EFCIL) reported consolidated total income of ₹342.70 crore and net profit of ₹77.26 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹153.87 crore and standalone net profit ₹14.93 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹342.70 crore, up 33.4% YoY and 16.4% QoQ
- Net profit: ₹77.26 crore, up 36.2% YoY and 9.0% QoQ
- EPS: ₹5.36 basic, against ₹3.98 a year earlier and ₹4.83 in Q1 FY27
- Finance costs: ₹4.57 crore, down 29.4% YoY and 55.8% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹153.87 crore, up 22.2% YoY and 50.6% QoQ
- Net profit: ₹14.93 crore, against ₹30.35 crore for the year-earlier quarter on the restated basis
- EPS: ₹1.03 basic, against ₹2.18 a year earlier and ₹0.86 in Q1 FY27
- Tax expense: ₹5.67 crore, against ₹12.77 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 342.70 | 256.82 | +33.4% | 294.30 | +16.4% | |
| Revenue from operations | 332.02 | 254.60 | +30.4% | 282.88 | +17.4% |
| Other income | 10.68 | 2.22 | +381.1% | 11.42 | -6.5% |
| 77.26 | 56.71 | +36.2% | 70.85 | +9.0% | |
| Finance costs | 4.57 | 6.47 | -29.4% | 10.35 | -55.8% |
| Depreciation | 29.05 | 31.01 | -6.3% | 22.69 | +28.0% |
| Tax expense | 33.57 | 18.87 | +77.9% | 30.49 | +10.1% |
| Net profit margin | 22.54% | 22.08% | +0.46 pp | 24.07% | -1.53 pp |
| Tax as share of profit before tax | 30.3% | 25.0% | +5.31 pp | 30.1% | +0.20 pp |
| EPS, basic (₹) | 5.36 | 3.98 | +34.7% | 4.83 | +11.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income against the year-earlier quarter, at 36.2% against 33.4%, and slower than profit before tax, which rose 46.6%. Tax rose 77.9% to ₹33.57 crore, taking the tax share of profit before tax to 30.3% from 25.0%, so tax absorbed more of the gain than in the year-earlier quarter.
Other income of ₹10.68 crore is 3.1% of total income and 9.6% of profit before tax of ₹110.83 crore. Revenue from operations rose 30.4% YoY, slower than other income, which rose 381.1% from ₹2.22 crore. Finance costs of ₹4.57 crore are 1.3% of total income, against ₹6.47 crore a year earlier and ₹10.35 crore in Q1 FY27.
The auditors issued a qualified conclusion on the consolidated results. It cites unbilled revenue of ₹76.38 crore under Ind AS 115, for which customer confirmations were awaited, and trade receivables of ₹18.95 crore in Ek Design Industries Limited outstanding for more than six months, of which ₹8.31 crore for more than one year, where the expected credit loss assessment was not finalised. The filing says the auditors' conclusion is qualified on these matters.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 153.87 | 125.89 | +22.2% | 102.18 | +50.6% | |
| Revenue from operations | 143.65 | 119.37 | +20.3% | 98.57 | +45.7% |
| Other income | 10.22 | 6.53 | +56.6% | 3.61 | +183.1% |
| 14.93 | 8.18 | +82.5% | 12.28 | +21.6% | |
| Finance costs | 4.77 | 0.40 | n/a | 0.69 | +591.3% |
| Depreciation | 0.78 | 0.96 | -19.1% | 0.94 | -17.0% |
| Tax expense | 5.67 | 12.77 | -55.6% | 4.71 | +20.4% |
| Net profit margin | 9.70% | 6.50% | +3.21 pp | 12.02% | -2.32 pp |
| Tax as share of profit before tax | 27.5% | 29.6% | -2.07 pp | 27.7% | -0.18 pp |
| EPS, basic (₹) | 1.03 | 2.18 | -52.8% | 0.86 | +19.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
On the restated comparative basis, standalone net profit for the quarter is ₹14.93 crore against ₹30.35 crore a year earlier, a fall of 50.8%, while profit before tax fell 52.2%.
Standalone total income rose 22.2% YoY, while revenue from operations rose 20.3%. Other income of ₹10.22 crore is 6.6% of total income and 49.6% of profit before tax of ₹20.59 crore. Tax of ₹5.67 crore is 27.5% of profit before tax.
The standalone review conclusion was qualified on the same unbilled revenue matter of ₹76.38 crore.
Inference
The filing says the merger of Whitehills Interior Limited took effect from 28 Nov 2025 and that comparative figures have been restated for it. The board approved the results on 2 Nov 2026, and the consolidated cash flow statement shows proceeds from issuance of equity shares of ₹159.94 crore in the half year to 30 Sep 2026. The company completed the sale of its entire stake in Sanvritti Alpha Private Limited, which ceased to be a subsidiary; the consideration received is not stated. The outcome of the customer confirmations and of the Ek Design receivables assessment is not stated, and the reason for the change in other income and finance costs between quarters is not stated.
The company's demerger scheme with EFC Limited is set for a final NCLT hearing on 27 Nov 2026, according to a filing of 27 Oct 2026.
Filed with BSE on . Reference: Original filing (PDF)
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