Aurum Prop EBITDA Soars 6.7 Times Year-on-Year in Q1 FY2025
Aurum PropTech's EBITDA soared 6.7 times to ₹12.05 crores in Q1 FY2025, with total income increasing by 45% year-on-year. Adjusted EBITDA showed a loss of ₹4.00 cr, marking a substantial improvement from ₹11.77 cr in Q1 FY2024.
by Damodharan N
Updated Jul 19, 2024
Table of Content
Aurum PropTech has reported company's EBITDA for the quarter stood at ₹12.05 crores, marking a dramatic improvement of 6.7 times compared to ₹1.80 crores in the same quarter last year. According to the results approved by the Board of Directors on July 19, 2024, the company's total income reached ₹69.10 crores, up 45% from ₹47.71 crores in Q1 FY2024.
This substantial rise reflects the company's successful efforts to enhance operational efficiency and drive profitability. Adjusted EBITDA, which accounts for ESOP expenses and rental costs, reported a loss of ₹4.00 crores, a significant improvement from a loss of ₹11.77 crores in Q1 FY2024.
Aurum PropTech also saw notable improvements in key financial ratios. The EBITDA to total income ratio increased from 3.8% in Q1 FY2024 to 17.4% in Q1 FY2025, and the Adjusted EBITDA to income ratio improved from -24.7% to -5.8%. Additionally, the PBT (Profit Before Tax) margin improved by 1950 basis points, reducing from a negative ₹18.79 crores to a negative ₹13.74 crores year-on-year.
Executive Director Onkar Shetye commented on the results, emphasizing the company's balanced approach to growth and profitability. Shetye highlighted that Aurum PropTech's rental platforms, including Nestaway, now manage 30,000 rental units across various categories.
The company's distribution cluster, which covers B2B data analytics and marketing automation products, also demonstrated strong year-on-year revenue growth. Shetye also welcomed the introduction of SM-REIT, anticipating a positive impact on fractional ownership businesses.
Overall, Aurum PropTech's financial performance in Q1 FY2025 reflects its ongoing commitment to robust growth and improved profitability, setting a promising trajectory for the future.
Get the full announcement Here
Aurum Prop Q1 FY2025 Results
Aurum PropTech has announced its financial results for the first quarter of FY2025, showcasing impressive growth and progress towards profitability. The company reported a substantial increase in total income, which rose by 45% year-on-year to ₹69.10 crores, up from ₹47.71 crores in Q1 FY2024.
Key financial highlights for Q1 FY2025 include:
- Total Income: ₹69.10 crores, up 45% compared to ₹47.71 crores in Q1 FY2024.
- Profit Before Tax (PBT): The company’s PBT margins improved significantly, standing at a negative ₹13.74 crores, compared to a more negative ₹18.79 crores in the same quarter last year.
- EBITDA: Aurum PropTech reported an EBITDA of ₹12.05 crores, marking a 6.7-fold increase from ₹1.80 crores in Q1 FY2024.
- Adjusted EBITDA: The adjusted EBITDA loss was reduced to ₹4.00 crores from ₹11.77 crores in Q1 FY2024, reflecting a major improvement in the ratio of Adjusted EBITDA to Total Income.
- Expense Ratios: The company demonstrated improved expense-to-income ratios, with EBITDA to Income improving from 3.8% in Q1 FY2024 to 17.4% in Q1 FY2025. Adjusted EBITDA to Income improved from -24.7% to -5.8%, and PBT to Income improved from -39.4% to -19.9%.
The standalone unaudited financial results for Aurum PropTech the quarter ended June 30, 2024,
|
Particulars |
Quarter Ended June 30, 2024 |
Quarter Ended June 30, 2023 |
|
1. Income |
||
|
Revenue from operations |
₹300 lakhs |
₹286 lakhs |
|
Other income |
₹378 lakhs |
₹22 lakhs |
|
Total Income |
₹678 lakhs |
₹508 lakhs |
|
2. Expenses |
||
|
Employee benefit expenses |
₹242 lakhs |
₹387 lakhs |
|
Finance costs |
₹228 lakhs |
₹31 lakhs |
|
Depreciation and amortization expenses |
₹169 lakhs |
₹198 lakhs |
|
Other expenses |
₹287 lakhs |
₹448 lakhs |
|
Total Expenses |
₹926 lakhs |
₹1,084 lakhs |
|
3. Loss Before Tax and Exceptional Item |
₹(248) lakhs |
₹(656) lakhs |
|
4. Exceptional Items |
₹1 lakhs |
- |
|
5. Loss Before Tax |
₹(249) lakhs |
₹(566) lakhs |
|
6. Tax Expenses |
||
|
Income tax - current |
- |
- |
|
Taxation in respect of earlier years |
₹12 lakhs |
- |
|
Deferred tax (benefit) |
₹(124) lakhs |
₹(126) lakhs |
|
Total Tax |
₹(112) lakhs |
₹(126) lakhs |
|
7. Loss After Tax |
₹(137) lakhs |
₹(430) lakhs |
|
8. Other Comprehensive (Loss) / Income |
||
|
(i) Items that will not be reclassified |
₹5 lakhs |
- |
|
(ii) Income tax relating to items not reclassified |
- |
₹2 lakhs |
|
Total Other Comprehensive Income / (Loss) |
₹4 lakhs |
₹(2) lakhs |
|
9. Total Comprehensive Loss |
₹(133) lakhs |
₹(437) lakhs |
|
10. Paid Up Equity Share Capital |
₹2,751 lakhs |
₹1,968 lakhs |
|
11. Reserves (excluding revaluation reserves) |
NA |
NA |
|
12. Earnings Per Share of INR 5/- Each (not annualized) |
||
|
Basic (INR) |
₹(0.19) |
₹(1.09) |
|
Diluted (INR) |
₹(0.19) |
₹(1.09) |
Aurum PropTech Limited
Aurum PropTech is a forward-thinking company transforming the real estate sector with its advanced PropTech ecosystem. Combining tech expertise with real estate insights, Aurum PropTech offers a range of products, services, and platforms designed to enhance the real estate experience for various stakeholders.
The company's portfolio includes over 14 PropTech solutions, covering around 75% of India's PropTech market potential, and utilizes cutting-edge technologies like Artificial Intelligence, Machine Learning, Blockchain, Augmented Reality, and Virtual Reality.
Listed on the National Stock Exchange (NSE) as "AURUM" and the Bombay Stock Exchange (BSE) as "BOM:539289," Aurum PropTech is headquartered in Navi Mumbai and leads the industry with its innovative approach.
Aurum Prop EBITDA Soars 6.7 Times Year-on-Year in Q1 FY2025 - FAQs
1. What was Aurum PropTech's total income for Q1 FY2025?
The total income for Q1 FY2025 was ₹69.10 crores, reflecting a strong increase from the previous year's ₹47.71 crores.
2. How much did total income increase year-on-year in Q1 FY2025?
Total income increased by 45% year-on-year, from ₹47.71 crores in Q1 FY2024 to ₹69.10 crores in Q1 FY2025.
3. What was the EBITDA for Q1 FY2025?
The EBITDA for Q1 FY2025 was ₹12.05 crores, a significant rise compared to ₹1.80 crores in the same quarter of the previous year.
4. How did EBITDA in Q1 FY2025 compare to Q1 FY2024?
EBITDA improved dramatically by 6.7 times from ₹1.80 crores in Q1 FY2024 to ₹12.05 crores in Q1 FY2025.
5. What was the adjusted EBITDA loss for Q1 FY2025?
The adjusted EBITDA loss for Q1 FY2025 was ₹4.00 crores, showing substantial improvement from a loss of ₹11.77 crores in Q1 FY2024.
6. How did the adjusted EBITDA loss in Q1 FY2025 compare to Q1 FY2024?
The adjusted EBITDA loss in Q1 FY2025 was significantly reduced compared to ₹11.77 crores in Q1 FY2024, reflecting improved financial performance.
7. What was the PBT margin for Q1 FY2025?
The Profit Before Tax (PBT) margin for Q1 FY2025 was negative ₹13.74 crores, an improvement from the more negative ₹18.79 crores in Q1 FY2024.
8. How did the PBT margin change from Q1 FY2024?
The PBT margin improved by 1950 basis points year-on-year, reducing from a negative ₹18.79 crores in Q1 FY2024 to a negative ₹13.74 crores in Q1 FY2025.
9. What was the EBITDA to income ratio in Q1 FY2025?
The EBITDA to total income ratio in Q1 FY2025 was 17.4%, a notable increase from 3.8% in Q1 FY2024.
10. What was the EBITDA to income ratio in Q1 FY2024?
In Q1 FY2024, the EBITDA to total income ratio was 3.8%, which improved significantly to 17.4% in Q1 FY2025.
11. What was the Adjusted EBITDA to income ratio in Q1 FY2025?
The Adjusted EBITDA to total income ratio in Q1 FY2025 was -5.8%, showing a considerable improvement from -24.7% in Q1 FY2024.
12. What was the Adjusted EBITDA to income ratio in Q1 FY2024?
In Q1 FY2024, the Adjusted EBITDA to total income ratio was -24.7%, which improved to -5.8% in Q1 FY2025.
13. What was the PBT to income ratio in Q1 FY2025?
The PBT to total income ratio in Q1 FY2025 was -19.9%, an improvement from -39.4% in Q1 FY2024.
14. What was the PBT to income ratio in Q1 FY2024?
The PBT to total income ratio in Q1 FY2024 was -39.4%, which improved to -19.9% in Q1 FY2025.
15. What was Aurum PropTech’s revenue from operations in Q1 FY2025?
Revenue from operations in Q1 FY2025 was ₹300 lakhs, compared to ₹286 lakhs in Q1 FY2024.
16. What was the total income for Q1 FY2024?
The total income for Q1 FY2024 was ₹508 lakhs, which increased to ₹678 lakhs in Q1 FY2025.
17. What were the employee benefit expenses in Q1 FY2025?
Employee benefit expenses for Q1 FY2025 were ₹242 lakhs, down from ₹387 lakhs in Q1 FY2024.
18. How did employee benefit expenses in Q1 FY2025 compare to Q1 FY2024?
Employee benefit expenses decreased significantly from ₹387 lakhs in Q1 FY2024 to ₹242 lakhs in Q1 FY2025.
19. What were the finance costs in Q1 FY2025?
Finance costs in Q1 FY2025 were ₹228 lakhs, a significant increase from ₹31 lakhs in Q1 FY2024.
20. How did finance costs in Q1 FY2025 compare to Q1 FY2024?
Finance costs rose sharply from ₹31 lakhs in Q1 FY2024 to ₹228 lakhs in Q1 FY2025.
21. What were the depreciation and amortization expenses in Q1 FY2025?
Depreciation and amortization expenses in Q1 FY2025 were ₹169 lakhs, down from ₹198 lakhs in Q1 FY2024.
22. How did depreciation and amortization expenses in Q1 FY2025 compare to Q1 FY2024?
Depreciation and amortization expenses decreased from ₹198 lakhs in Q1 FY2024 to ₹169 lakhs in Q1 FY2025.
23. What were the other expenses in Q1 FY2025?
Other expenses for Q1 FY2025 amounted to ₹287 lakhs, compared to ₹448 lakhs in Q1 FY2024.
24. How did other expenses in Q1 FY2025 compare to Q1 FY2024?
Other expenses decreased from ₹448 lakhs in Q1 FY2024 to ₹287 lakhs in Q1 FY2025.
25. What was the loss before tax and exceptional items in Q1 FY2025?
The loss before tax and exceptional items for Q1 FY2025 was ₹(248) lakhs, an improvement from ₹(656) lakhs in Q1 FY2024.
26. What was the loss before tax in Q1 FY2025?
The loss before tax for Q1 FY2025 was ₹(249) lakhs, compared to ₹(566) lakhs in Q1 FY2024.
27. What were the total tax expenses in Q1 FY2025?
Total tax expenses in Q1 FY2025 were ₹(112) lakhs, reflecting a decrease from ₹(126) lakhs in Q1 FY2024.
28. What was the loss after tax in Q1 FY2025?
The loss after tax for Q1 FY2025 was ₹(137) lakhs, improved from ₹(430) lakhs in Q1 FY2024.
29. What was the total comprehensive loss in Q1 FY2025?
The total comprehensive loss for Q1 FY2025 was ₹(133) lakhs, compared to ₹(437) lakhs in Q1 FY2024.
30. What was the basic earnings per share in Q1 FY2025?
The basic earnings per share (EPS) for Q1 FY2025 was ₹(0.19), an improvement from ₹(1.09) in Q1 FY2024.