Aurum PropTech Ltd has posted a consolidated net loss of Rs. 33.37 crore for the fiscal year 2024-25, a significant improvement from the Rs. 55.75 crore loss in the previous year. Despite this loss, the company's total income rose to Rs. 284.98 crore, up from Rs. 233.07 crore in FY24.
Growth in Total Income and Higher Expenses
The increase in total income was driven largely by the rental segment, which contributed 60% of the company's total revenue. The rise in revenue, however, was offset by an increase in total expenses, which climbed to Rs. 329.45 crore, compared to Rs. 309.43 crore in the previous year. The company attributed the higher expenses to various operational costs associated with its diversified business model.
Business Operations and Strategy
Aurum PropTech operates several key businesses, including NestAway Technologies, a rental marketplace that helps property owners find tenants and manage properties. It also owns Aurum Analytica, a data analytics company focused on helping real estate developers identify potential buyers. Additionally, Aurum PropTech runs Sell.do, a sales automation and digital transformation company for the real estate sector.
Focus on Profitable Growth
Despite the reported net loss, the company emphasised's focus on achieving profitable growth. The company is focusing on profitable growth, delivering a consistent performance over the past four years. Since its inception in April 2021, Aurum PropTech has become a significant player in the proptech space, offering an integrated suite of technology solutions across 15 cities in India.
The company currently has an employee base of more than 650 people and continues to expand its footprint in the rapidly growing proptech sector.
Outlook and Conclusion
While Aurum PropTech faced challenges in FY25, the company remains optimistic about its future growth prospects. The improved performance compared to the previous year, despite the loss, signals its potential to scale and innovate further in the proptech market. The company's focus on integrated technology solutions for the real estate sector could drive long-term success as it expands its reach and enhances its offerings.