ANI PR Wire
08 Nov 2023, 21:48 GMT+10
PNN
Noida (Uttar Pradesh) [India], November 8: E-Factor Experiences Limited, a leading name in the event management and experiential industry, held its inaugural board meeting post-listing at the National Stock Exchange on 6th November 2023. The meeting, attended Jai Thakur, Chairman & Whole Time Director, and Samit Garg, Managing Director, witnessed active participation from all board members, including Aruna Garg, Roshan Abbas, Omung Kumar, Akhilesh Gupta, Mukesh Agarwal (CFO), and Anushka Chauhan (Company Secretary) and by Vice President Operations Sonali Thakur & Manika Garg (Special Invitee).
During the meeting, the board unanimously approved the unaudited financial results for the period from April 2023 to September 2023. E-Factor Experiences showcased a remarkable 10% improvement in its top-line revenue, with a significant surge in the bottom line, marking an impressive performance for the first half of the fiscal year. This noteworthy achievement is a testament to the company's strategic planning and operational excellence.
Samit Garg, Managing Director, highlighted the seasonal nature of the event and experiences business, emphasizing that a substantial portion of the company's business, is concentrated between October and March, constituting the peak celebratory and event season. Historically, the period from April to September experiences subdued activity due to extreme weather conditions and a lull in celebratory events.
Despite these challenges, E-Factor Experiences revealed a robust order book of more than Rs. 70 Crores as on today for the upcoming six months. Moreover, the company expressed a positive outlook regarding obtaining additional projects, aiming to increase the company's turnover and promote growth as compared to last year.
Jai Thakore, commented on the company's future outlook, stating, "We are delighted with the strong performance showcased in the first half of this fiscal year. Our dedicated team and strategic initiatives have positioned us for further growth. The promising order book and potential assignments reaffirm our confidence in achieving our projected milestones."
The board's discussion also revolved around the company's strategic plans, emphasizing its commitment to innovation, customer satisfaction, and sustainable business practices along with possibilities of future expansion in allied verticals of content creation.
E-Factor Experiences Limited looks forward to a promising future, building on its successful track record and dedication to creating unparalleled event experiences.
E-Factor Experiences Limited is a pioneering name in the event management and experiential industry. With a focus on creativity, innovation, and customer satisfaction, the company has established itself as a leader in curating memorable events and experiences. With a strong commitment to excellence, E-Factor Experiences continues to redefine the standards of event management in the industry.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Get a daily dose of Herald Globe news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Herald Globe.
More InformationLIVINGSTON, Kentucky: This week, railroad operator CSX said a train derailment involving 16 cars, two of which spilled molten sulfur ...
Fifty-seven journalists have been killed as of Saturday as a result of Israel's war on Gaza, which has extended to ...
TEL AVIV, Israel - Following Taoiseach Leo Varadkar's statement on Emily Hand's release, Israel's foreign minister says he summoned the ...
WASHINGTON D.C.: The White House says U.S. authorities have foiled a plot to kill a Sikh separatist in the U.S., ...
BANGKOK, Thailand: In response to heightened Chinese activity in the South China Sea, the United States and the Philippines have ...
BEIRUT, Nov. 25 (Xinhua) -- The United Nations Interim Force in Lebanon (UNIFIL) said in a statement on Saturday that ...
Madrid [Spain], November 28 (ANI): Spanish footballing giants Real Madrid have opened talks with Argentine head coach Lionel Scaloni to ...
New Delhi [India], November 28 (ANI): Weeks after India's heartbreaking six-wicket loss against Australia in the ODI World Cup 2023 ...
(Photo credit: Stephen R. Sylvanie-USA TODAY Sports) Riding high after one of their best wins of the season, the Arizona ...
(Photo credit: Perry Nelson-USA TODAY Sports) After back-to-back wins during which they scored a combined 13 goals, the Edmonton Oilers ...
(Photo credit: John E. Sokolowski-USA TODAY Sports) The Toronto Maple Leafs hope that their first home game in more than ...
New Delhi [India], November 28 (ANI): Following the release of Harshal Patel from the Royal Challengers Bangalore (RCB) squad for ...