Investor Delight! 1:1 Bonus Share Approved, Record Date Set; Pick Bonus Bonanza?

The BSE-listed EFC (I) Ltd was founded in 2014 by Umesh Sahay, a first-generation entrepreneur. Its headquarters are in Pune, and it manages more than 70 centres with over 57,000 seats spread throughout seven states: Maharashtra, Hyderabad, Tamil Nadu, Karnataka, Gujarat, Uttar Pradesh, and West Bengal. About 500 individuals work for the organisation, which provides top-notch workspaces to more than 570 prestigious corporate customers, including both Indian and international brands. Following the company's announcement of the bonus share record date, EFC (I) shares ended Thursday's trading session 0.30% higher at Rs 523.20 per share, with a market capitalisation of Rs 2,604.32 Cr.

EFC Bonus Shares

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), and further to our letter dated December 27, 2024, we wish to inform that the Company has fixed Tuesday, February 11, 2025 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for the allotment of bonus equity shares of the Company in the ratio of 1:1," said the company in a stock exchange filing today.

EFC Financials

EFC (I) Limited, an integrated office infrastructure and design business, reported revenue of Rs 181.51 crores for the third quarter of FY2025, representing an improvement of 4.5 percent over the same quarter of the previous year. PAT jumped 91.7% to Rs 40.47 crores, while EBITDA climbed 54.6% to Rs 96.92 crores. Consolidated sales increased by 6.1%, EBITDA by 10.3%, and PAT by 10.7% for the company. Revenue for the 9M FY2025 period reached Rs 457.87 crores in just nine months, up 7% over the entire FY2024 period and compared to Q2 FY2025. PAT rose 47% to Rs 92.81 crores, while EBITDA mushroomed 20% to Rs 230.51 crores.

EFC Share Price Target

"EFC I Ltd stock price is slightly bullish on the Daily charts with strong support at 473.8. A Daily close above the resistance of 560 could lead to a target of 640 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.