During Friday’s trading session, the shares of an integrated office infrastructure and design company surged nearly 4.2 percent to Rs. 684.9 on BSE, after the company’s Board approved a bonus issue in a 1:1 ratio.
With a market cap of Rs. 3,345 crores, at 11:32 a.m., the shares of EFC (I) Limited were trading in the green at Rs. 672, up by around 2.2 percent, as against its previous closing price of Rs. 657.7.
What’s the News:
EFC (I) Limited, according to the latest regulatory filings with the BSE, announced that its Board has approved the issue of bonus shares.
The bonus issue is in the ratio of 1:1, which means shareholders will receive 1 new fully paid-up equity share having a face value of Rs. 2 each for 1 existing fully paid-up equity share of Rs. 2 each they hold as of the record date.
The estimated date for crediting or dispatching the bonus shares is within two months from the date of Board approval, i.e., on or before February 26, 2025.
Financials:
EFC reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 69.4 percent, rising from Rs. 98 crores in Q2 FY24 to Rs. 166 crores in Q2 FY25.
Similarly, the company’s net profit increased from Rs. 11 crores to Rs. 37 crores over the same period, representing a slight growth of around 236.4 percent YoY.
In Q2 FY25, the consolidated EBITDA of EFC surged by 49 percent at Rs. 83.97 crores, up from Rs. 41.27 crores same period last year.
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Stock Performance:
The stock has delivered positive returns of nearly 80 percent in one year, as well as around 23.4 percent returns in the last six months. So far in 2024, the share of EFC has given positive returns of about 82.7 percent.
About the Company:
Incorporated in 1984, EFC (I) Limited, formerly known as Aamani Trading & Exports Limited, is engaged in the business of real estate services, property management services & renting or leasing services involving owned or leased non-residential property.
Written by Shivani Singh
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