E-Factor Experiences Reports Stellar Financial Performance For FY24

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 the 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 ₹113.9 crore in FY 2022-23 to an impressive ₹142.1 crore in FY 2023-24, marking a significant growth trajectory.
• Profit Before Tax (PBT): E-Factor's PBT soared by over 100%, jumping from ₹9.27 crore to ₹20.0 crore, showcasing the company's robust financial health.
• Profit After Tax (PAT): The PAT witnessed a staggering increase of nearly 116%, reaching ₹14.9 crore compared to ₹6.9 crore in the previous financial year, reflecting exceptional profitability.
• Earnings Per Share (EPS): The EPS on the expanded equity is now ₹11.42, up from ₹7.18 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.

E-Factor came into existence in 2000-2001. It was our dream to make a company which stood out in its niche category as a super-specialized service provider. E-Factor is a company known for its larger than life, awe-inspiring setups and formats and completely personalized service to clients. They provide end-to-end solutions for all kinds of events - be they corporate or social.

They are a 34-member team with a fully developed and functional in-house production facility. Their panel of skilled craftsmen and band of highly qualified designers add the extra edge to their platter of deliverables. Their corporate offices are in New Delhi & Jaipur and our footprint extends to the Middle East, South East and Europe, giving our work and thought process a global perspective.