Aurum PropTech (AURUM) Q1 2025 earnings summary

Executive summary

• Q1 FY25 saw significant improvements in profitability and operational metrics, with continued expansion in rental units, technology enhancements, and new business initiatives across all segments.

• The company operates an integrated PropTech ecosystem across rentals, distribution, and capital, serving 14,000+ customers in 17 cities with 14+ products and 760+ team members.

• Focus remains on expanding market share in the residential rental segment, with HelloWorld and NestAway leading the rental vertical.

• Strategic initiatives are underway to strengthen the distribution vertical and leverage technology, including AI and machine learning, for smarter solutions.

• Consolidated revenue from operations for Q1 FY25 was INR 6,489 lakhs, up from INR 4,416 lakhs in Q1 FY24.

Financial highlights

• Total income for Q1 FY25 was INR 69.10 crore, up 45% year-on-year from INR 47.71 crore.

• EBITDA reached INR 12.05 crore, a 6.7x increase year-on-year; adjusted EBITDA margin improved by 1,889 bps to -5.8%.

• Loss before tax narrowed to INR 13.7 crore in Q1 FY25 from INR 18.8 crore in Q1 FY24.

• Loss after tax for Q1 FY25 was INR 10.7 crore, compared to INR 16.1 crore in Q1 FY24.

• Basic and diluted EPS for Q1 FY25 stood at (2.52), an improvement from (3.21) in Q1 FY24.

Outlook and guidance

• Targeting 45% year-on-year revenue growth for the next three years, aiming for INR 1,000 crore in revenue.

• HelloWorld to pilot short-stay offerings and continue supply acquisition; NestAway to enhance tech with AI-enabled features.

• Aurum Analytica to expand to new cities and double down on branding; Sell.do to boost growth through partnerships.

• WiseX to apply for SM REIT license and Integrow to launch a new residential fund.

• Management expects improved business performance due to organizational restructuring and hiring of skilled resources.