Aurum PropTech Achieves First Profitable Quarter in Q2 with 30% Revenue Growth

Aurum PropTech Limited has reported its first profitable quarter in Q2, marking a significant milestone in the company's financial performance. The PropTech firm demonstrated strong growth across its business segments, with total income reaching ₹87.66 crores, a 30% year-over-year increase from ₹67.61 crores in the same quarter last year.

Financial Highlights

The company's financial results for Q2 showed substantial improvements across key metrics:

Metric	Q2	Y-o-Y Change
Total Income	₹87.66 crores	+30%
PBT Margin	-8%	+993 bps
EBITDA Margin	30%	+860 bps
Adjusted EBITDA Margin	3%	+733 bps

Segment Performance

Distribution Business

The Distribution business segment demonstrated robust growth, with a 62% year-over-year increase. Key highlights include:

Sell.do closed over 170 enterprise deals, adding more than 1,400 new licenses.
Implementation of AI-led features improved engineering efficiency by 35%.
Aurum Analytica sold over 95,000 leads, achieving 53% year-over-year growth.
Expansion into 5 new cities, broadening market reach.

Rental Business

The Rental business segment showed a 25% year-over-year growth, with total income reaching ₹54 crores. Notable achievements include:

HelloWorld now operates over 19,100 beds across 250+ properties, maintaining a 73% average occupancy rate.
NestAway achieved a 4x growth in monthly revenue run-rate and launched operations in the U.A.E.

Capital Business

The Capital business segment continued its strategic assessment of SM-REIT supply across key micro-markets, maintaining a cautious approach before launching its first SM REIT asset.

Management Commentary

Onkar Shetye, Executive Director of Aurum PropTech, attributed the company's performance to "resilience and disciplined growth across all verticals." He highlighted the AI-led product innovation in the Distribution business and the expansion of the Rental business, including the U.A.E. launch of 'Nestr'.

Shetye emphasized the company's focus on sustainable, technology-driven value creation for stakeholders, reaffirming Aurum PropTech's position as India's most integrated PropTech platform.

The company's achievement of profitability in Q2 marks a turning point in its financial trajectory, demonstrating the success of its integrated PropTech ecosystem strategy. As Aurum PropTech continues to innovate and expand its services, investors and industry observers will be keen to see if this positive momentum can be sustained in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.23%	+7.66%	+4.27%	+1.94%	-13.92%	-72.23%

Aurum PropTech Limited has successfully completed the acquisition of PropTiger Marketing Services Private Limited in a strategic move to strengthen its position in the PropTech sector. The transaction, valued at INR 86.45 crore, was executed through a share swap mechanism, marking a significant development in the Indian real estate technology landscape.

Transaction Details

The Board of Directors of Aurum PropTech, in a circular resolution passed on September 25, approved the allotment of 42,42,537 fully paid-up equity shares to REA India Pte Limited, Singapore. The shares, with a face value of INR 5 each, were issued at a price of INR 203.77 per share, including a premium of INR 198.77.

This preferential allotment gives REA India a 5.54% stake in Aurum PropTech post-transaction. The newly issued shares will rank pari-passu with the existing fully paid equity shares of Aurum PropTech in all respects.

About PropTiger

PropTiger Marketing Services Private Limited, incorporated on January 3, 2014, is a key player in the PropTech sector. The company specializes in providing property consultancy, counselling, advisory, and marketing services. For the financial year ended March 31, PropTiger reported a turnover of INR 85.35 crore.

Strategic Rationale

The acquisition aligns with Aurum PropTech's strategy to deepen its existing PropTech ecosystem. By integrating PropTiger's services and expertise, Aurum PropTech aims to enhance its offerings in the real estate technology space.

Regulatory Approvals

The transaction received several key approvals:

Shareholder approval through a special resolution at an Extra-Ordinary General Meeting held on August 21.
In-principle approval from both BSE Limited and the National Stock Exchange of India Limited on September 24.

Lock-in Period

The securities allotted on a preferential basis will be subject to lock-in restrictions as prescribed under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Market Impact

This acquisition represents a significant consolidation in the Indian PropTech sector. As Aurum PropTech integrates PropTiger's operations, the combined entity is expected to leverage synergies to provide enhanced services to the real estate market.

The transaction underscores the growing importance of technology-driven solutions in the real estate industry and positions Aurum PropTech to capitalize on the evolving market dynamics in the PropTech space.