Under Rs 100 Stock in Focus as Company Secures 1,816 Contracts in Q3FY25 with a Total Order Value of Rs 36.10 Crore

As of December 2024, the company's promoters own 35.17 per cent stake, FIIs own 22.63 per cent, DIIs own 1.84 per cent and the rest 40.41 per cent stake is owned by the public.

Eraaya Lifespaces Limited announced significant business updates for its subsidiary, Ebix Smartclass Educational Services Pvt Ltd (ESESPL), on February 15, 2025. ESESPL focused on 21st-century education, secured 1,816 contracts in Q3FY25, representing a total order value of Rs 36.10 crore. This performance builds upon 424 contracts worth Rs 5.28 crore secured in Q3FY25 and 1,392 contracts totalling Rs 30.82 crore year-to-date (YTD) in December 2024. Looking forward, ESESPL anticipates securing over 700 contracts with an estimated value of Rs 10 crore in Q4FY25.

ESESPL is committed to enhancing K-12 education, developing cutting-edge products, and delivering end-to-end solutions. Aligned with the New Education Policy (NEP) 2020, expected to be fully implemented by 2025, ESESPL is updating its content and solutions. The company emphasizes innovation in learning for digital-native students, recognizing education as a catalyst for social change. Their flagship product, Smartclass, is a registered trademark and a pioneer in the education domain. ESESPL holds ISO 9001:2015 certification, demonstrating its commitment to quality.

ESESPL's nationwide reach is supported by a robust sales force of over 200 professionals, partnering with premium educational institutions and top school chains. The company has secured multiple institutional tenders, including contracts with Defence Institutions, Army Schools and Airforce Schools. ESESPL also receives consistent business from the Government e-Marketplace (GeM), holding a seller excellence rating of over 4.4, reflecting client trust and timely delivery. The company focuses on future-ready solutions, equipping schools with the latest technologies, including state-of-the-art, AI-enabled hardware for classrooms and conference rooms.

About the Company

Eraaya Lifespaces Limited, a leading lifestyle and hospitality company renowned for its luxurious and culturally rich experiences, is embarking on a strategic expansion. Building on its success in creating unforgettable journeys, Eraaya seeks to diversify its portfolio through mergers and acquisitions. This ambition was recently realized with the acquisition of Ebix Inc. USA and its global subsidiaries in June 2024. This significant acquisition, valued at USD 361 Million, marks a pivotal moment for Eraaya as it ventures into new business domains, driving innovation, and creating value for all stakeholders while navigating the dynamic and evolving market landscape.

Eraaya Lifespaces Limited has declared a 10:1 stock split. This means that each existing share with a face value of Rs 10 will be divided into ten new shares, each with a face value of Re 1. The ex-date for the stock split was Friday, December 06, 2024. The company has a market capitalisation of over Rs 1,500 crore and a 400 per cent 3-year stock price CAGR. The stock gave multibagger returns of 275 per cent in just 1 year and a whopping 10,000 per cent in 3 years. As of December 2024, the company's promoters own 35.17 per cent stake, FIIs own 22.63 per cent, DIIs own 1.84 per cent and the rest 40.41 per cent stake is owned by the public.

Disclaimer: The article is for informational purposes only and not investment advice.