Aurum PropTech (AURUM) Q2 2025 earnings summary

Executive summary

• Achieved 33% year-on-year revenue growth in H1 FY 2025, with total income reaching INR 137 crores, driven by expansion in rental, distribution, and capital segments.

• Rental vertical manages 32,000 units, targeting 50,000 by FY 2026 and INR 500 crores ARR in co-living by FY 2028, with new offerings and improved customer experience.

• Strategic realignment focused on technology, exiting non-scalable, low-margin services to improve profitability and efficiency.

• Segment reporting reclassified to rental, distribution, and capital, reflecting evolving business focus.

• Acquired additional stake in NestAway Technologies, now holding 98.67% equity.

Financial highlights

• Q2 FY 2025 revenue from operations: INR 64 crores, down slightly from INR 64.9 crores in Q1; H1 FY 2025 revenue from operations: INR 128.9 crores, up 33% year-on-year.

• H1 FY25 total income: INR 137 crores, up from INR 105 crores in H1 FY24 (30% YoY growth).

• Loss before tax for H1: INR 25.8 crores (18.9% of total income), improved from INR 47.3 crores (44.9%).

• EBITDA margin rose to 21.5% in Q2 from 17.4% in Q1; H1 FY25 EBITDA at 19.5%, up 2,050 basis points year-on-year.

• Cash and cash equivalents as of September 30, 2024: INR 14 crores, plus INR 7-8 crores in fixed deposits.

Outlook and guidance

• Maintains 45% year-on-year growth target for FY 2025, with organic and strategic opportunities.

• Co-living and family rental businesses to expand in new cities and launch new offerings; distribution to enhance branding and tech features.

• First SM REIT property expected to launch within two to three quarters, pending SEBI approval.

• Rights issue planned for Q4 to fund growth and potential acquisitions.