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Aurum Proptech continues its sustained growth with path to profitability. Its Total Income grew 45% year-on-year to 69.10 crore. PBT margins improved 1950 bps year-on year and EBITDA stood at Rs 12.05 crores
Onkar Shetye, Executive Director of Aurum PropTech, conveyed his satisfaction with the results. “Demonstrating our commitment to a balanced approach of robust growth and improving profitability, our business delivered a 45% Y-o-Y growth for Q1FY25 standing at an ARR of ? 276 crores. Our growth came at an improvement in expense to total income ratios, most notably the PBT to total Income improvement by 1950 bps year-on-year. Our rental platforms, which include Nestaway, now manage 30,000 rental units across student living, co-living and family rentals categories. The distribution cluster, which includes our B2B data analytics, marketing automation, and sales automation products, maintained consistent performance this quarter with robust Y-o-Y growth in revenue. We welcome the recently introduced SM-REIT for creating a regulated space for the fractional ownership business which shows a promising future.”
Total Income grew 45% year-on-year to Rs 69.10 crore compared to Rs 47.71 crores in Q1 FY2024. PBT margins improved 1950 bps year-on year, standing at negative Rs 13.74 crores as compared to negative Rs 18.79 crores in Q1 FY2024. EBITDA for Q1 FY2025 stood at Rs 12.05 crores as compared to Rs 1.80 crores in Q1 FY2024, marking an improvement of 6.7 times year-on-year.
Adjusted EBITDA loss was Rs 4.00 crores for this quarter compared to a loss of Rs 11.77 crore in Q1 FY2024 a year ago. This demonstrated an 1889 bps improvement in the Adjusted EBIDTA to Total Income ratio. Year on year the business demonstrated improving Expense to Total Income ratios.
