E Factor FY26 revenue rises 11.5% to ₹191.44 cr

Key takeaway from FY26 results

E Factor Experiences Limited reported an 11.5% year-on-year rise in consolidated revenue from operations to ₹191.44 crore for FY26. Consolidated net profit for the year stood at ₹19.68 crore, lower than ₹20.18 crore in FY25. The company said performance could have been higher, but two large projects in West Asia were postponed due to geopolitical crises. Management linked this to the deferral or cancellation of about ₹35-40 crore of confirmed business during the year. Even with those disruptions, the company highlighted steady demand and its ability to win and execute larger mandates. The results were shared for the year ended March 31, 2026.

FY26 revenue growth, but profit moderated

Revenue from operations increased to ₹191.44 crore from ₹171.55 crore in FY25, according to the disclosed numbers. Another disclosure in the same material showed total revenue at ₹192.62 crore versus ₹173.71 crore a year earlier. Net income was reported at ₹19.68 crore compared with ₹20.18 crore in the previous year. The company also reported that net worth rose to ₹90.32 crore. It flagged improved liquidity, with the current ratio rising to 2.08 times. Management framed FY26 as a year where investments in in-house capability continued alongside top-line expansion.

West Asia postponements weighed on earlier guidance

Management addressed a revenue shortfall versus earlier guidance of ₹225-240 crore. It attributed the miss to the postponement of two large projects in West Asia amid geopolitical crises. The company said about ₹35-40 crore of confirmed business was postponed or cancelled during the year. This explanation ties directly to the gap between the earlier revenue expectation and the reported FY26 revenue from operations of ₹191.44 crore. The commentary indicates that the headwinds were linked to timing and execution disruptions rather than a lack of demand. However, the company did not provide a revised timeline for the postponed mandates in the provided text.

Q4 snapshot: income and margins declined year-on-year

For the March 2026 quarter, the company reported total income of ₹138.84 crore, down 9.50% year-on-year. Operating profit for Q4 was ₹19.73 crore, down 22.49% year-on-year. Profit after tax came in at ₹14.61 crore, a year-on-year decline of 26.65%. Operating margin was reported at 14.21%, down 8.09% on a year-on-year comparison. The quarterly table also showed selling, general and administrative expenses of ₹7.26 crore, with a year-on-year comparison of -38.87% as presented in the data.

Subsidiary performance: experiential tourism contribution

The company highlighted its experiential tourism business through its wholly-owned subsidiary, referenced as E Factor Adventure Tourism Pvt. Ltd. and also as SkyWaltz Balloon Safari in the supplied text. The subsidiary delivered revenue of ₹11.23 crore and profit after tax of ₹1.32 crore for FY26. The source also described a sharp increase in PAT for this unit, stating PAT surged 3,900%. The subsidiary operates curated adventure and cultural tourism experiences across destinations including Jaipur, Hampi, Tamil Nadu, and Telangana. Management described experiential tourism as an important growth engine for FY26.

Order wins and workforce expansion

E Factor Experiences said it secured an order worth approximately ₹11 crore from “Indira Gandhi National” as stated in the provided text, although the specific institution or project scope was not fully captured. Separately, the company said it has strengthened its talent pool, infrastructure, and capabilities to support growth. Its workforce expanded to over 75 professionals, which it linked to better execution capacity. These disclosures were presented as part of the company’s efforts to scale delivery and win more complex mandates.

Operating footprint and sector tailwinds

The company reported it has delivered over 1,037 events across 25 countries and five continents. Management also pointed to strong market tailwinds in religious tourism, stating that India’s religious tourism market is projected to reach nearly USD 441 billion by FY32. The investor material referenced a strategic positioning shift from event execution toward creating permanent landmarks of “national pride.” It also cited government investment in infrastructure, including initiatives like the PRASHAD Scheme, as supportive context for future opportunity.

Pipeline and near-term expectations

E Factor Experiences disclosed an opportunity pipeline exceeding ₹1,000 crore for upcoming years. It also stated expectations of ₹500-550 crore for FY27. The company framed these figures as a sign of improving scale and opportunity quality, especially after building internal capabilities. Still, the FY26 commentary showed that geopolitical risk can affect timing and conversion of confirmed orders into reported revenue. The pipeline figures provide a directional view of potential business, but they are not reported revenue.

Key numbers at a glance

EPS disclosure and what it indicates

The provided material included basic and diluted EPS values, but the periods were not labelled in the excerpt. As disclosed, basic EPS values listed were 13.97, 15.39, 11.42, 7.18, and 8.76, while diluted EPS values listed were 14.02, 15.39, 13.26, 19.42, and 8.76. Separately, another disclosure stated basic earnings per share from continuing operations was ₹14.98 for FY26 versus ₹15.42 a year ago. Without the missing column headers, only the FY26 versus FY25 basic EPS comparison is directly usable for year-on-year interpretation.

Conclusion

E Factor Experiences closed FY26 with revenue growth to ₹191.44 crore, while net profit eased to ₹19.68 crore and Q4 year-on-year profitability metrics weakened. Management attributed the miss versus earlier revenue guidance to West Asia project postponements and disclosed a deferral or cancellation of ₹35-40 crore of confirmed business. The company also highlighted a growing experiential tourism subsidiary, workforce expansion beyond 75 professionals, and an opportunity pipeline above ₹1,000 crore, with an FY27 expectation of ₹500-550 crore as stated in the provided material.