REA India reports 31% revenue growth to Rs 5.63 billion in FY24

13 Aug 2024 CW Team

REA India, the company behind Housing(dot)com and PropTiger, has announced a 31% increase in revenue for the fiscal year ending June 2024, reaching Rs 5.63 billion. This growth is attributed to robust demand for residential properties, according to Dhruv Agarwala, CEO. The company's revenue for FY23 was approximately Rs 4.3 billion.

Agarwala noted, "FY24 has been a year of substantial growth and innovation for our company. Our online events achieved record-breaking collections, underscoring our strong market presence and the effectiveness of our strategies."

The company's new products and innovations have been well-received, driving increased sales. Agarwala highlighted the growing importance of Tier-2 cities in India's real estate market, where emerging urban centres are gaining prominence.

"Our app-first strategy has significantly enhanced consumer engagement, personalized services, and overall user experience," Agarwala added. "This digital focus contributed to a 45% increase in app traffic during the latter half of the fiscal year."

REA India, a subsidiary of Australia's publicly listed REA Group, acquired Elara Technologies in December 2020, which included Housing(dot)com, PropTiger, and Makaan(dot)com. Housing(dot)com, founded in 2012, is a comprehensive proptech platform offering listings for various types of properties across India. PropTiger, established in 2011, operates as a housing brokerage firm, while Makaan(dot)com serves as an advertising platform.

(ET)

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..