E-Factor Experiences financial results show robust growth in FY 2023-24
Cultural, Public Engagement, Tourism and Government events contributed almost 80% of the total revenue
E-Factor Experiences Limited has reported its financial results for the fiscal year 2023-24, marking its inaugural annual report since going public in October 2023. The results, presented at a board meeting in the National Capital Region of Delhi, highlight remarkable growth and robust financial health.
The company's turnover surged to Rs142.1 crore in FY 2023-24, up from Rs113.9 crore in FY 2022-23, reflecting a significant growth trajectory.
E-Factor's Profit Before Tax (PBT) more than doubled, rising from Rs9.27 crore to Rs20.0 crore, showcasing strong financial performance. The Profit After Tax (PAT) increased by nearly 116%, reaching Rs14.9 crore compared to Rs6.9 crore in the previous fiscal year, underscoring exceptional profitability.
Earnings Per Share (EPS) on the expanded equity now stand at Rs11.42, up from Rs7.18 in the previous year, indicating enhanced shareholder value.
A breakdown of the revenue reveals that Cultural, Public Engagement, Tourism, and Government Events remain the cornerstone of E-Factor's business, contributing almost 80% of the total revenue. Multimedia Shows and Immersive Experiences account for 14% of revenue, highlighting the company's diversification and innovative offerings. High-profile social events generated about 6% of revenue, demonstrating E-Factor's capability in managing exclusive and high-profile engagements.
The board expressed optimism about the company's prospects for the ongoing financial year 2024-25, forecasting 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 strong financial performance, the board has recommended a 10% dividend, pending approval at the upcoming Annual General Meeting.
