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Tag: Onkar Shetye

Aurum PropTech continues its Sustained Growth with Path to Profitability

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.”

 CONSOLIDATED RESULTS FOR THE QUARTER ENDED 30th June 2024 

Aurum PropTech continues its Sustained Growth with

Path to Profitability

Y-o-Y CONSOLIDATED FINANCIAL HIGHLIGHTS (Q1 FY2025 vs Q1 FY2024)

 Headline Result

  • Total Income grew 45% year-on-year to ₹ 69.10 crore compared to ₹ 47.71 crores in Q1 FY2024.
  • PBT margins improved 1950 bps year-on year, standing at negative ₹ 13.74 crores as compared to negative ₹ 18.79 crores in Q1 FY2024.
  • EBITDA for Q1 FY2025 stood at ₹ 12.05 crores as compared to ₹ 1.80 crores in Q1 FY2024, marking an improvement of 6.7 times year-on-year.
  • Adjusted EBITDA * loss was  4.00 crores for this quarter compared to a loss of ₹ 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.
Q1FY24 Q1FY25 Y-o-Y Change
EBITDA to Income 3.8% 17.4% 1361 bps improvement
Adjusted EBITDA to Income -24.7% -5.8% 1889 bps improvement
PBT to Income -39.4% -19.9% 1950 bps improvement

 Adjusted EBITDA is defined as EBITDA as per Ind AS reporting (+) ESOP expenses (-) rental expenses pertaining to ‘Ind AS 116 leases’.

        Commenting on the results, Onkar Shetye, Executive Director, Aurum PropTech said:

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 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 rental 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.