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Aurum Proptech Ltd News

Aurum PropTech loss widens to Rs 55 cr in FY24, income up 68% at Rs 233 cr

Aurum PropTech Ltd on Monday reported a consolidated net loss of Rs 55.75 crore during the last financial year despite higher revenue. The company had posted a net loss of Rs 28.69 crore in the preceding year. Total income rose to Rs 233.07 crore in 2023-24 from Rs 139.05 crore a year ago, according to a regulatory filing. Total expenses surged to Rs 309.43 crore last fiscal from Rs 188.95 crore in the 2022-23 financial year. Onkar Shetye, Executive Director of Aurum PropTech, said the company has reported another year of "consistent performance across revenue, road to profitability, user growth and tech innovation". "Total income grew to Rs 233 crore, demonstrating a robust 68 per cent Y-o-Y (year-on-year) growth with EBIDTA (earning before interest, depreciation, tax and amortisation) improving to 9.9 per cent, displaying a sustained EBIDTA margin improvement of around 1,150 BPS (basis points) Y-o-Y," Shetye said. During the last fiscal, Shetye said, the company made a notable

Aurum PropTech loss widens to Rs 55 cr in FY24, income up 68% at Rs 233 cr
Updated On : 29 Apr 2024 | 6:33 PM IST