Q2 2025 Aurum Proptech Ltd Earnings Call Transcript
Key Points
- Aurum Proptech Ltd (BOM:539289) is consolidating its market dominance in the rental vertical, managing 32,000 rental units and aiming to exceed 50,000 by FY 2026.
- The company projects its co-living business to generate INR500 crores in ARR by FY 2028, with strategic capital allocation planned for growth.
- The distribution vertical has been realigned with a focus on technology, with Sell.Do leading as a real estate CRM in India and exploring international expansion.
- Aurum Proptech Ltd is preparing to launch its first asset as an SM-REIT, leveraging its tech stack and expertise in real estate management.
- The company has improved its ESOP adjusted EBITDA from minus 5.9% to minus 4.1%, showing progress towards profitability by FY26, '27.
- The revenue from operations for the quarter decreased slightly to INR64 crores from INR64.9 crores in the previous quarter.
- The company reported a loss before tax of INR12.1 crores, although this was an improvement from the previous quarter's INR13.8 crores.
- Despite improvements, the rental and capital segments still reported losses of INR1.2 crores and INR2.5 crores, respectively.
- The company let go of a revenue-generating services arm, resulting in a loss of INR9 crores in revenue for the quarter.
- There is a considerable debt on the company, with total borrowings at INR65.6 crores, although it has decreased from INR193.9 crores as of March 31, 2024.
Ladies and gentlemen, good day, and welcome to the H1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mvis. Vanessa Fernandes. Thank you, and over to you, ma'am.
Thank you, Sagar. Good evening, everyone, and a warm welcome to the Q2 FY 2025 earnings call of Aurum PropTech Limited. Joining us on the call today, we have Mr. Ashish Deora, the Founder and CEO of Aurum Ventures; Mr. Onkar Shetye, Executive Director, Aurum PropTech; Mr. Kunal Karan, CFO, Aurum PropTech, and Mr. Hiren Ladva, EVP Investments. Today, we shall take you through our quarterly and half-yearly performance for the period ended September 2024, as well as our future outlook.
Before we proceed, I would like to remind everyone that the forward-looking statements we may discuss are subject to risks and uncertainties that are detailed in our prospectus and the annual report. We encourage you to review these documents, which are
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