Aurum PropTech Limited — Important, 31-01-2025: Updates

Aurum PropTech has reported a robust 24% year-on-year growth in total income for the nine-month period, reaching INR 206.9 crore, up from INR 167.3 crore in the prior year. Profitability has also seen significant improvement, highlighted by a notable rise in PBT as a percentage of total income, which jumped from 42.5% to 17.1%, equating to a 2,540 bps increase. The EBITDA margin showed a significant enhancement as well, moving from 1% to 21.2% year-on-year, reflecting a 2,022 bps improvement.

In terms of segments, the Rental business soared with a 28% growth in income, thanks to the management of over 33,500 rental units across 15 cities. The average occupancy rate of 75% indicates solid demand, bolstered by recent innovations like NestAway Lite. Meanwhile, the Distribution segment also performed well, contributing a net margin of 8% and driving a 35% revenue growth, primarily from strong account retention and expansion into new markets.

The company is progressing with its SM-REIT application and fine-tuning its go-to-market strategy, which presents substantial growth opportunities as it targets a massive market of 38,000 million square feet. Overall, Aurum PropTech's integrated PropTech model is making strides towards future-ready real estate solutions, positioning itself with a positive outlook.