Aurum PropTech revenue rises 179% yoy at Rs28 crore in Q2FY23

19 Oct 2022 , 11:22 AM

Aurum PropTech Limited has announced its financial results for the quarter ended on September 30, 2022.

CONSOLIDATED RESULTS AT A GLANCE (2Q FY23 COMPARED WITH 1Q FY23)

• Revenue from operations for the quarter was Rs28.3 crore, as compared to Rs14.64 crore in 1Q FY23, up 93.3%
• Total income for the quarter was Rs30.84 crore as compared to Rs15.72 crore in 1Q FY 23, up 96.2%
• EBITDA for the quarter was Rs(3.42) crore as compared to Rs(5.69) crore in 1Q FY 23, improved by Rs2.27 crore

CONSOLIDATED RESULTS AT A GLANCE (1H FY23 COMPARED WITH 1H FY22)

• Revenue from operations for 1H FY23 was Rs42.94 crore
• Total income for 1H FY23 was Rs46.56 crore as compared to Rs2.68 crore in 1H FY 22
• EBITDA for 1H FY23 was Rs(9.11) as compared to Rs(4.26) crore in 1H FY 22

Ashish Deora, Founder and CEO, Aurum Ventures said “The revenue this quarter saw a healthy growth of 90% over last quarter. We once again delivered as per our philosophy of chasing growth without impacting profitability. We have made investments in our business segments that will provide us with robust growth opportunities in the years to come.

We have also established our operations in 15 cities with a team of 500+ people working in tech development, operations, data science and innovation. The company will continue to pursue strategic opportunities both organically and inorganically. We are on track to reach an ARR of Rs200 crore by March 2023 from an ARR of Rs50 crore in April 2022.”

At around 11:09 AM, Aurum Prop Tech was trading at Rs130.10 per share lower by 0.76% on the BSE.

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