PropEquity (PROPEQUITY) Q3 25/26 earnings summary

Executive summary

• Achieved record subscription revenue, surpassing ₹25 million per month, nearly doubling since IPO in April 2022.

• Maintained high PBT and EBITDA margins, with consolidated EBITDA margin above 45%.

• Zero debt and cash reserves exceeding ₹1 billion as of December 31, 2025.

• Valuation business turned cash flow positive after two negative quarters.

• Strategic academic partnership launched with University of Cambridge to build India's first Real Estate School.

Financial highlights

• Consolidated revenue grew 7% year-over-year to ₹137,849 thousand in Q3 FY26.

• Subscription business revenue up 20% year-over-year; research & consulting up 3%; valuation/CRM business up 17%.

• Other income increased 37% year-over-year.

• Consolidated profit before tax (PBT) rose 29% year-over-year to ₹61,416 thousand.

• Standalone total income up 22% year-over-year; standalone PBT up 39%.

Outlook and guidance

• Interest income from fixed deposits and dividends expected to continue for the foreseeable future.

• Academic partnership with Cambridge expected to strengthen long-term leadership in real estate research and data.