PropEquity (PROPEQUITY) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue rose 37% to 441,717 thousand; profit before tax increased 10.4% to 157,858 thousand.

• Annual subscription contracts reached 215, with 81% client retention; coverage exceeded 173,000 projects across 44 cities.

Financial highlights

• Consolidated FY24 revenue was 441,717 thousand versus 323,066 thousand in FY23; other income was 43,113 thousand versus 32,528 thousand.

• Consolidated PBT rose to 157,858 thousand from 142,990 thousand, up 10.4% YoY.

• Standalone revenue from operations was 220,076 thousand, up 8%; total income was 263,105 thousand, up 11%, and PBT was 123,055 thousand, up 2%.

Outlook and guidance

• Up to Rs. 12 million is planned for the YouTube and social media vertical in the coming year; short-form content is planned for Instagram, Facebook and YouTube.

• Auto and plant-and-machinery valuations are planned for FY25; three banks have already empaneled the auto valuation vertical.

• Middle East services and B2C project monitoring are targeted for launch in the coming financial year.

• Developer Asset Management is being developed as an asset-light services model, with no balance-sheet investment planned for land, construction or development.