Efc (i) Ltd. · NSE:EFCIL
Efc (i) — Q2 FY27 Earnings Presentation
48 slides from Efc (i)'s earnings presentation, Nov 3, 2026
Slide 1: Cover letter to stock exchanges
November 3, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Bandra Dalal Street, Mumbai- 400001. Kurla Complex (E), Mumbai- 400051. Scrip Code: 512008 NSE Symbol: EFCIL Sub.: Investor Presentation Dear Sir/ Ma’am, Pursuant to
Slide 2: EFC (I) Limited Investor Presentation Q2 & H1 FY27
A unified platform for SPACE DESIGN FURNISHING EFC (I) LIMITED INVESTOR PRESENTATION Q2 & H1 FY27
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by EFC (I) Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Q2 & H1 FY27 Updates
Q2 & H1 FY27 Updates 3
Slide 5: Message from Chairman & MD
Message from Chairman & MD “I am pleased to share that EFC (I) Limited has continued its strong growth momentum during Q2 FY27, driven by disciplined execution, sustained enterprise demand and the strength of our integrated business model. During the quarter, we reported consolidated revenue of ₹332
Slide 6: Strong Execution Accelerating Growth Across Metrics
Strong Execution Accelerating Growth Across Metrics CONSOLIDATED NUMBERS (Q2 FY27) Revenue EBITDA PAT ₹332 Cr. ₹134 Cr. ₹77 Cr. 30% YoY (Q2 FY26) 21% YoY (Q2 FY26) 36% YoY (Q2 FY26) SEGMENTAL REVENUE (Q2 & H1 FY27) Leasing Design & Build Furniture Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 Q2 FY27 H1 FY27 ₹168
Slide 7: H1 FY27 Financial Performance
H1 FY27 Financial Performance H1 FY27 – EBITDA growth and PAT growth (In %) Revenue (Rs. Cr.) EBITDA (Rs. Cr.) EBIT (Rs. Cr.) 30% 21% 42% 257 227 615 213 474 160 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 PAT (Rs. Cr.) EPS (Rs.) ROCE (%) 43% 148 10 16% 103 7 14% H1 FY26 H1 FY27 H1 FY26 H1 FY27
Slide 8: Focused Businesses. Distinct Capital Structures.
Focused Businesses. Distinct Capital Structures. The proposed restructuring consolidates leasing and design & build operations within the listed entity, folding in all leasing subsidiaries and project SPVs except asset-owning entities. CURRENT STRUCTURE POST-DEMERGER EFC (I) Limited EFC (I) Limited
Slide 9: Strategic Acquisition: Ultrafresh Modular Solutions Limited
Strategic Acquisition: Ultrafresh Modular Solutions Limited Complete acquisition of 100% equity in an established modular furniture player — strengthening EFC's furniture manufacturing and Design platform. Acquisition Previously a 51% subsidiary of TTK Prestige Limited — now a wholly owned subsidiar
Slide 10: Ultrafresh: Strategic Adjacency & Value Creation
Ultrafresh: Strategic Adjacency & Value Creation The combination brings together EFC’s manufacturing / Design & Build platform with Ultrafresh’s modular-home brand, design, distribution and execution ecosystem ULTRAFRESH’S 3-YEAR TURNOVER A COMPLETE MODULAR-HOME PLATFORM ESTABLISHED MARKET ACCESS TR
Slide 11: Ultrafresh: Design, Products and Execution
Ultrafresh: Design, Products and Execution Modular Furniture 10
Slide 12: Driving Value Across Our Integrated Platform
Driving Value Across Our Integrated Platform 11
Slide 13: One Platform - Multiple Engines - Unified Value Creation
One Platform - Multiple Engines - Unified Value Creation Our Brand Ecosystem Building Value Through Iconic Brands Specializes in innovative, scalable office solutions for entrepreneurs, small to medium-sized enterprises (SMEs), and enterprise clients Excel in creating premium managed workspaces tail
Slide 14: Diverse but specialized verticals offer a cohesive workspace solution
Diverse but specialized verticals offer a cohesive workspace solution OUR VALUE PROPOSITION: Built on three diverse, yet unified businesses to capture value across the commercial real estate lifecycle • Enterprise Workspace • Recurring Rental Income • Blend of large institutions, domestic & multinat
Slide 15: Unit Economics Across Business Segments
Unit Economics Across Business Segments Revenue-to-profit breakdown across leasing, design & build and furniture LEASING | LEASED CENTRES ONLY DESIGN & BUILD FURNITURE ₹ per sq. ft. ₹ lakh per illustrative ₹1 crore order ₹ lakh per ₹1 crore sales order Selling price 181.0 Order value 100.0 Sales ord
Slide 16: Strategic Pillars Underpinning EFC's Growth Trajectory
Strategic Pillars Underpinning EFC’s Growth Trajectory LEASING DESIGN & BUILD FURNITURE INTEGRATED PROVEN & MODEL VISIBLE GROWTH Recurring Revenue Order book supports Utilisation is the key Potential to improve Sustained Revenue Base Provides future growth earnings lever economics at scale Growth an
Slide 17: Leasing: Enterprise Solutions at Scale
Leasing: Enterprise Solutions at Scale DESIGNED FOR PRODUCTIVITY BUILT FOR ENTERPRISES SCALE WITH CONSISTENCY DELIVERING LONG-TERM VALUE Enterprise | Managed | Customised Offices Premium furnished spaces • Tailored fit-outs • All business sizes • Transparent billing • Prime locations Cities 39 Multi
Slide 18: Faster Turnaround Model Compresses Time-to-Revenue
Faster Turnaround Model Compresses Time-to-Revenue Faster turnaround time lets us begin monetizing during the rent-free fit-out window Average Client Lease Signed Ops Begin Rent-Free Ends Stabilized Client Tenure Tenure M0 M3 M5 M9 M48 M60 60% → 90% occupancy Ramp continues 5-yr lease executed Infra
Slide 19: Revenue Visibility: Seat Growth and Diversified Client Base
Revenue Visibility: Seat Growth and Diversified Client Base Seat expansion, client tenure and sector diversity support revenue visibility SEAT EXPANSION DIVERSIFIED SECTOR MIX Total Seats and Billed Seats % of Rental Revenue Total Seats 68,241 73,932 78.782 84,387 88,927 IT, Technology & Software De
Slide 20: Our Workspace Solutions – Regionally Diversified Business
Our Workspace Solutions – Regionally Diversified Business Driving Growth Through Nationwide Reach and Sector Diversity Zone – Wise Breakup West North Jammu North Nalagarh SasNagar, Mohali 58,755 93 14,021 29 Delhi Ghaziabad 16% New Delhi 66% Noida Naharlagun Gurgaon East Guwahati Gangtok Dimapur S
Slide 21: Sustainable Strategic Ownership & Asset Management Model
Sustainable Strategic Ownership & Asset Management Model Owned centers Margin 45% EBT 45% · INR 81/sq. ft. Selling 181 price Furniture (25) CAM (8) Electricity (8) Facility (4) Manpower (2) Corporate (5) EBIT 129 Sprint, Wakdewadi MarisoftIT Park Sprint Towers Interest (48) 49,570 Sq feet 81,300 Sq
Slide 22: Our Service Offerings
Our Service Offerings Spacious Seat Space Various sizes conference rooms 21 Cafeteria Dedicated Spaces
Slide 23: Our Service Offerings
Our Service Offerings Internet / Security & Car Parking Conference Phone WiFi Management Services Rooms Booth Discussion Space Collaboration Space F&B Client ESG Collaboration Training Services Services Compliance Area Rooms Discussion Space Amphitheatre Smart Doctor’s / Natural Light Meeting Daycar
Slide 24: Tactical Design & Build: Our Process (1/2)
Tactical Design & Build: Our Process (1/2) From Client Vision to Finished Space 1 2 3 4 Vision Gathering Design Ideas Space Evaluation Finalising Design Client goals and preferences Concepts and design direction Site conditions and constraints Layouts, materials and specifications 5 6 7 System Insta
Slide 25: Design & Build: Enhances Cross-Selling Opportunities
Design & Build: Enhances Cross-Selling Opportunities ~300 Cr. Order Book 6.26 Mn Sq. feet Designed Offer end-to-end interior 85+ Designers solutions—from concept & Engineers Real Estate, IT/ITES, to execution and creating 21+ Pharmaceutical, Energy office spaces that are both Locations aesthetically
Slide 26: Tactical Design & Build: Technical Expertise & Project Delivery (2/2)
Tactical Design & Build: Technical Expertise & Project Delivery (2/2) MEP EXPERTISE PROJECT MANAGEMENT Mechanical Project Initiation Project Planning HVAC, energy efficiency 01 02 Define goals and Set scope, timelines and indoor air quality assemble the team and risks Electrical Post-Project 06 PROJ
Slide 27: Furniture Manufacturing: Driving Premium Furniture Solutions
Furniture Manufacturing: Driving Premium Furniture Solutions Specializes in both custom and ready-made high-quality furniture for diverse sectors including office and commercial spaces Emphasis on thoughtful design, craftsmanship, and durability to exceed industry standards in both quality and aesth
Slide 28: Furniture: Routes to Market & Quality Assurance
Furniture: Routes to Market & Quality Assurance SALES CHANNELS BIS CERTIFICATION White label Manufactured for sale under customer brands Bureau of Indian Standards OEM supply Furniture supply to brand partners Products under Certification Process Marketplaces Online sales through Pepperfry and Amazo
Slide 29: Pan-India Manufacturing Capabilities
Pan-India Manufacturing Capabilities West Zone North Zone 28 Phursungi, Maharashtra Nalagarh, Himachal Pradesh
Slide 30: Deep Enterprise Relationships Driving Revenue Visibility
Deep Enterprise Relationships Driving Revenue Visibility 29
Slide 31: Leadership Team With Extensive Domain Knowledge
Leadership Team With Extensive Domain Knowledge..... Umesh Sahay Abhishek Narbaria Nikhil Bhuta Chairman and MD Director Whole Time Director Directo • First-generation entrepreneur r• Holds a Master’s degree in Computer Science • Qualified Chartered Accountant with 25+ • Brings 20+ years of experien
Slide 32: With Demonstrated Track Record
.......With Demonstrated Track Record...... Rajesh Vaishnav Gayathri Iyer Mangina Srinivas Independent Director Independent Director Rao Independent Director • 27+ years of entrepreneurial business experience • Author, Chartered Accountant, Mentor, Business Coach, and • Associated with leading organ
Slide 33: ESG Roadmap
ESG Roadmap ® 4e—C cd
Slide 34: ESG Framework & Roadmap
ESG Framework & Roadmap EFC(I) Limited delivers functional, sustainable workspaces by embedding ESG principles into its core strategy, aligning financial growth with environmental stewardship and social responsibility Current Progress Future Goals Structured ESG integration initiated through BRSR-al
Slide 35: Responsible Workspaces, Sustainable Execution
Responsible Workspaces, Sustainable Execution FY2025–26 ESG priorities across EFC’s businesses Efficient Managed Offices Responsible Design & Build Circular Furniture & Materials LED lighting, motion sensors and efficient Preference for recycled, recyclable and Material efficiency, durability and re
Slide 36: Financial Highlights
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Slide 37: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (₹ Million) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1FY27 H1FY26 Y-o-Y Revenue from Operations 332.02 254.59 30% 282.88 17% 614.90 474.21 30% Cost of Material Consumed 21.72 2.73 24.44 - Cost of Services 128.15 120.96 93.84 222.00 202.78 Purchases of s
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Crores) H1FY27 H1FY26 Particulars (₹ Million) H1FY27 H1FY26 EQUITY AND LIABILITIES ASSETS Equity Non Current Assets Equity Share capital 29.6 27.5 Property, Plant and Equipment 268.1 322.04 Non Controlling Interest 1,084.7 779.8 Capital work-in-progress - -
Slide 39: Historical Consolidated Cash Flow Statements
Historical Consolidated Cash Flow Statements Particulars (₹ Crores) H1FY27 H1FY26 Cash Flow from Operating Activities Profit before Tax 212.2 141.6 Adjustment for Non-Operating Items -39.9 -50.5 Operating Profit before Working Capital Changes 172.3 91.1 Changes in Working Capital -95.2 -14.5 Cash Ge
Slide 40: Annexure
Annexure 39
Slide 41: Evolving Revenue Mix Across Verticals: FY24 to FY26
Evolving Revenue Mix Across Verticals: FY24 to FY26 Revenue by vertical FY24 FY25 FY26 3% 11% 6% 40% 27% 42% 52% 57% 62% Leasing Design & Build Furniture 40
Slide 42: Historical Profit & Loss Statements
Historical Profit & Loss Statements Particulars (₹ Crores) FY26 FY25 FY24 Revenue from Operations 1,036.7 656.7 419.5 Cost of Material Consumed 27.7 23.3 Cost of Services 381.0 211.9 103.9 Purchases of stock-in-trade 38.2 Changes in Inventories and Finished goods -32.9 -1.8 82.8 Employee Expenses 60
Slide 43: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Particulars (₹ Crores) FY26 FY25 FY24 Particulars (₹ Crores) FY26 FY25 FY24 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 322.0 240.7 82.4 Equity Share capital 27.5 19.9 10.0 Right-of-use assets 379.1 407.6 238.7 Non Contr
Slide 44: Historical Consolidated Cash Flow Statements
Historical Consolidated Cash Flow Statements Particulars (₹ Crores) FY26 FY25 FY24 Cash Flow from Operating Activities Profit before Tax 308.9 199.8 81.0 Adjustment for Non-Operating Items -84.1 -12.9 63.8 Operating Profit before Working Capital Changes 224.8 186.9 144.8 Changes in Working Capital 1
Slide 45: India Office & Flex Workspace — FY26 Position & FY27 Outlook
India Office & Flex Workspace — FY26 Position & FY27 Outlook ~16% +7% YoY 51 MSF 4 - 6% Vacancy, top-7 (Q3 2026) Avg rentals, top-7 (Q3 2026) 9M 2026 completions, record FY27E pan-India rent growth 85–90 MSF 12–14% 44% 100+ MSF FY27E office leasing Expected YoY growth (FY27) GCC share of flex seats
Slide 46: Design & Build is becoming India's default fit-out route
Design & Build is becoming India's default fit-out route as data-centre and office demand hit record highs India Design & Build (D&B) fit-out: data-centre and office leasing revenue by city, FY27 outlook ~₹43,820 Cr ~₹2,080 Cr ~₹31,140 Cr Jan–Sep 2026 office leasing revenue (66.4 mn sq ft × D&B reve
Slide 47: India's furniture shifting towards organised manufacturers
India’s furniture shifting towards organised manufacturers India furniture manufacturing: industry overview | Data as of October 2026 US$25–29 bn 6–8% ~80% 11.6% estimated market size in 2025; yearly growth expected in published of furniture sales come from the yearly growth expected in home-office
Slide 48: Company and Investor Relations Advisors
COMPANY : EFC (I) Limited CIN: L74110PN1984PLC216407 Mr. Aman Gupta Company Secretary E-mail: [email protected] Website: www.efclimited.in INVESTOR RELATIONS ADVISORS : Cygnus Partners Private Limited Ms. Nidhi Vijaywargia [email protected] Ms. Pooja Swami pooja.swami@cygnus