Aurum PropTech's loss narrows to Rs 14.6 Mn in Q2 FY25
ECONOMY & POLICY

Aurum PropTech's loss narrows to Rs 14.6 Mn in Q2 FY25

Aurum PropTech has reported net loss after tax of Rs 14.6 million during the quarter ended September 30, 2024. It had recorded loss after tax of Rs 39.5 million in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 68.4 million in Q2 FY25, a growth of 6.71%from Rs 64.1 million it recorded in the similar quarter last year.

The business was reorganised into three business segments with a focus on rental, distribution and capital offerings, it said in a media release. Rental business segment demonstrated 32% revenue growth which was majorly driven by expansion in rental offerings and improved wallet share. The Co-living business added two new cities, increased the number of properties and launched short stays contributing to higher revenue growth. The Family Rentals business added more revenue streams with NestAway Lite and managed services thus increasing customer base and wallet share. Capital business segment commenced transformation of the fractional ownership business into SEBI regulated SM-REIT model.

The board of directors of the company has allotted 63,550 equity shares of Rs 5 each pursuant to employees' stock option plan 2021.

Aurum PropTech has reported net loss after tax of Rs 14.6 million during the quarter ended September 30, 2024. It had recorded loss after tax of Rs 39.5 million in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 68.4 million in Q2 FY25, a growth of 6.71%from Rs 64.1 million it recorded in the similar quarter last year. The business was reorganised into three business segments with a focus on rental, distribution and capital offerings, it said in a media release. Rental business segment demonstrated 32% revenue growth which was majorly driven by expansion in rental offerings and improved wallet share. The Co-living business added two new cities, increased the number of properties and launched short stays contributing to higher revenue growth. The Family Rentals business added more revenue streams with NestAway Lite and managed services thus increasing customer base and wallet share. Capital business segment commenced transformation of the fractional ownership business into SEBI regulated SM-REIT model. The board of directors of the company has allotted 63,550 equity shares of Rs 5 each pursuant to employees' stock option plan 2021.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?