EFC , a real estate as a service company, reported robust growth across its three integrated business verticals for Q2 and H1 FY26. The company's performance highlights its successful implementation of an integrated business model spanning managed offices, interior design solutions, and furniture manufacturing.

Financial Highlights

• Revenue Growth: Consolidated revenue from operations in Q2 FY26 reached INR 2,546.00 million, driven by broad-based growth across segments.
• EBITDA Performance: EBITDA improved to INR 1,108.00 million, marking a 40.00% year-on-year increase.
• H1 FY26 Performance: Revenue from operations grew by 76.60% year-over-year, while EBITDA jumped by 69.40%.
• Segment-wise Growth: Rental revenue grew by 61.00% year-over-year, while the interior segment jumped by 74.00%.

Operational Updates

Managed Office Spaces

• Total seats, including those under development, increased to over 68,000.
• Currently managing 3.23 million square feet across 86 sites in 10 cities.
• Achieved 90.00% occupancy rate on operational seats.

Design & Build Segment

• Achieved a turnover of INR 196.00 crores in H1, representing 74.00% year-on-year growth.
• Current order book stands at INR 145.00 crores.

Furniture Segment

• H1 turnover crossed INR 26.00 crores, establishing a firm presence in the market.

Strategic Developments

1. NSE Listing: EFC got listed on the National Stock Exchange on August 20, 2025, expanding its market presence.

2. Retail Leasing Foray: Announced entry into retail leasing with premium showroom and shop spaces in key commercial hubs across India.

3. Property Ownership Strategy:

   • Currently owns 9.00% of total AUM (about 270,000 square feet).
   • Aims to increase ownership to 20.00% of total AUM to improve margins and create appreciation potential.

4. REIT Development: Actively pursuing REIT structures to expand property portfolio and create additional value for investors.

5. International Expansion: Successfully completed over 80.00% shipment of furniture products to Saudi Arabia as part of an international export order.

Management Commentary

Nikhil Bhuta, Whole-Time Director, emphasized the company's integrated business model as a key driver of growth. He stated, "We will continue to explore compelling opportunities and take our company to newer heights."

The management expressed confidence in maintaining strong growth across all verticals, targeting a 50-60% year-on-year growth in the Design & Build segment for the next couple of years.

EFC remains focused on leveraging its integrated real estate as a service business model to drive efficiency, cross-selling opportunities, and sustainable growth across all verticals.

Note: All financial figures are in Indian Rupees (INR).

EFC Limited, a real estate as a service company, has reported robust growth in its financial performance for the first half of FY26. The company, which operates across managed offices, interior design solutions, and furniture manufacturing segments, has also announced its expansion into retail leasing partnerships.

Financial Highlights

EFC achieved significant growth across its key financial metrics in H1 FY26:

The company's strong performance was driven by growth across all its business segments:

Operational Performance

EFC has shown impressive operational growth in its managed office segment:

• Total seats managed: Over 68,000 (including 5,900 under development)
• Number of sites: 86
• Cities covered: 10
• Total area managed: 3.23 million square feet
• Occupancy rate: 90%

The company's Design & Build segment achieved a turnover of approximately INR 196.00 crores in H1 FY26, representing a 74% year-on-year growth.

Expansion into Retail Leasing

In a strategic move to diversify its portfolio, EFC has announced its foray into retail leasing. The company plans to offer premium showroom and shop spaces in key commercial hubs across India. This expansion aims to leverage EFC's expertise in the office segment and tap into the growing consumer landscape driven by a robust macro economy and rising disposable incomes.

Future Outlook

EFC remains optimistic about its growth prospects:

• The company aims to add approximately 20,000 seats annually to its managed office portfolio.
• In the Design & Build segment, EFC targets a 50-60% year-on-year growth for the next couple of years.
• The company plans to increase its owned property portfolio from the current 9% to 20% of its total Assets Under Management (AUM) to improve margins and create appreciation potential.

EFC's integrated business model, which combines managed offices, interior design solutions, and furniture manufacturing, positions it well to capitalize on cross-selling opportunities and drive efficiency across its verticals.

As the company continues to expand its presence in the real estate services sector, it remains focused on maintaining strong occupancy rates and delivering value to its stakeholders through its diversified business model.