E-Factor Experiences Limited Reports Stellar Financial Performance for FY 2023-24

New Delhi [India], May 30: E-Factor Experiences Limited, a premier event management and live experience creation company, has declared its financial results for the financial year 2023-24. These being first Annual results, since the company’s public listing in October 2023, were announced at the board meeting held in the National Capital Region of Delhi.

Impressive Financial Highlights:

• Turnover: The company’s turnover surged from Rs113.9 crore in FY 2022-23 to an impressive Rs142.1 crore in FY 2023-24, marking a significant growth trajectory.

• Profit Before Tax (PBT): E-Factor’s PBT soared by over 100%, jumping from Rs9.27 crore to Rs20.0 crore, showcasing the company’s robust financial health.

• Profit After Tax (PAT): The PAT witnessed a staggering increase of nearly 116%, reaching Rs14.9 crore compared to Rs6.9 crore in the previous financial year, reflecting exceptional profitability.

• Earnings Per Share (EPS): The EPS on the expanded equity is now Rs11.42, up from Rs7.18 in the previous financial year on the non-diluted equity, demonstrating strong shareholder value. Revenue Breakdown:

• Cultural, Public Engagement, Tourism and Government Events: Contributing almost 80% of the total revenue, this segment remains the cornerstone of E-Factor’s business.

• Multimedia Shows and Immersive Experiences: This segment accounted for 14% of the revenue, highlighting the company’s diversification and innovative offerings.

• High-Profile Social Events: Generating about 6% of the revenue, these events underscore E-Factor’s capability in managing exclusive and high-profile engagements. Future Outlook and Dividend Proposal: The board expressed optimism about the company’s prospects for the ongoing financial year 2024-25, forecasting an impressive top-line growth of 40 to 50%. This positive outlook is expected to further solidify E-Factor’s market position and enhance shareholder value. In light of the robust financial performance, the board has recommended a 10% dividend, which will be distributed upon approval at the Annual General Meeting.