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Revenue
₹293 Cr
verified against source
Revenue YoY
58%
reported change
EBITDA
₹468.3 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
EFC India delivered a strong FY26 with consolidated revenue of ₹1,036.7 crore (+58% YoY), EBITDA of ₹468.3 crore (+43% YoY), and PAT of ₹234.7 crore (+67% YoY). EBITDA margin expanded 120 bps to 22.6%, driven by operating leverage and vertical integration. The leasing vertical added ~18,000 revenue-generating seats, design & build grew 66% YoY to ₹437.8 crore, and furniture surged 202% to ₹63.2 crore. Management guided for continued seat additions of 18,000-20,000 in FY27, design & build growth of ~40%, and furniture growth of ~50%. Key risk: working capital intensity in design & build and furniture could pressure cash flows if growth moderates.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to add 18,000-20,000 seats that generate revenue, with total capacity addition of ~25,000 seats.
- Design and build vertical expected to grow around 40% year-on-year, supported by strong order book and pipeline.
- Furniture vertical expected to grow over 50% year-on-year, benefiting from import substitution and government policies.
- Furniture business expected to generate around 25% EBITDA margin as it scales.
Risks flagged
- Design & build and furniture verticals are working capital intensive; rapid growth could pressure liquidity despite the rights issue.
- An analyst questioned whether AI might structurally reduce headcount and seat demand; management argued AI creates new jobs but evidence is limited.
- Top 10 clients contribute ~24% of leasing revenue; any loss could impact stability, though diversification is improving.
Key quotes
- Our leasing business continue to provide a strong annotate foundation.
- We are not pursuing growth for the sake of growth. We are building a company that can scale sustainably long-term value at its core.
- The beauty of this model is that the dependency is very limited... the likelihood of underperforming my annuity business which is my leasing business is very low.
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