Aurum PropTech surges 2% post Q2FY24 numbers

Aurum PropTech Limited has declared its consolidated and standalone unaudited financial results for the quarter and half year ended September 30, 2023.

CONSOLIDATED FINANCIAL HIGHLIGHTS (H1 FY2024 vs H1 FY2023)

• Revenue from Operations in H1 FY2024 at ₹96.93cr as compared to ₹42.94cr in H1 FY2023 up by 126%. 
• Total Income in H1 FY2024 at ₹105.24cr as compared to ₹46.56cr in H1 FY2023 up by 126%. 
• EBITDA for H1 FY2024 at ₹(1.05) cr as compared to ₹(9.12) cr in H1 FY2023.

CONSOLIDATED FINANCIAL HIGHLIGHTS (Q2 FY2024 vs Q2 FY2023)

• Revenue from Operations in Q2 FY2024 at ₹52.77cr as compared to ₹28.3cr in Q2 FY2023 up by 86%. 
• Total Income in Q2 FY2024 at ₹57.53cr as compared to ₹30.84cr in Q2 FY2023 up by 87%. 
• EBITDA for Q2 FY2024 at ₹(2.85)cr as compared to ₹(3.43)cr in Q2 FY2023.

Commenting on the results, Onkar Shetye, Executive Director, Aurum PropTech said, "This quarter, we significantly reduced NestAway's losses from 85% EBIDTA (pre-acquisition) to 17% EBIDTA, which puts us on track to break-even by the end of this financial year.

As we progress into the second half of the year, we reaffirm our commitment to deepening our PropTech Ecosystem through an integrated play of technology, data, capital and services."

At around 9:27 AM, shares of Aurum PropTech were trading higher by 2.26% at Rs 126.65 per share on the BSE.