P. E. Analytics Limited — Important, 21-02-2025: Updates

**Financial Highlights:** PropEquity reported a revenue increase to ₹1,26,785 thousand for Q3 FY25, representing growth from ₹1,14,168 thousand in Q3 FY24. Subscription revenues rose by 12% to ₹60,168 thousand, while the research and consulting segment experienced a decline. Profit Before Tax (PBT) grew by 11% to ₹45,589 thousand, aided by a favorable increase in other income.

**Strategic Initiatives and Growth Drivers:** PropEquity is expanding its international footprint with the launch of services in the UAE, beginning with Saudi Arabia. The company is strengthening its service portfolio and market reach through a new partnership with MoneyControl to host real-estate summits, enhancing visibility.

**Business Developments:** A leadership change took place at PropEdge, focusing on operational improvements following previous challenges. Management aims to enhance efficiencies to boost both revenues and profitability in the upcoming fiscal year.

**Market Position and Competitive Advantage:** With operations spanning 44 cities and a diverse clientele, including private equity funds and banks, PropEquity maintains strong retention rates and a comprehensive grasp of the real estate analytics sector.

**Investor Implications:** The company's positive trajectory in revenue and strategic partnerships position it well for growth, though the recent management overhaul at PropEdge warrants attention. Maintaining zero debt and solid cash reserves suggests a resilient financial foundation for future development.