Q1 2025 Aurum Proptech Ltd Earnings Call Transcript
Key Points
- Aurum Proptech Ltd (BOM:539289) reported a 45% year-on-year increase in total income for Q1 FY 2025, reaching INR69.10 crore.
- EBITDA for Q1 FY 2025 was INR12.05 crore, marking a 6.7x improvement year-on-year.
- The company has seen significant advancements in its tech platform, integrating AI and machine learning to provide smarter solutions.
- The rental business, including HelloWorld and Nestaway, manages 30,000 rental units across 17 cities in India, showcasing strong market presence.
- The distribution business turned profitable across all offerings, with the marketing and sales automation business reaching EBITDA positive this quarter.
- Despite improvements, the company still reported a loss before tax of INR13.74 crore for Q1 FY 2025.
- The SaaS revenue saw a decline from INR8.8 crore to close to INR6 crore this quarter.
- The company faces challenges in maintaining the efficiency demonstrated in the last quarter over the next three quarters.
- There is a mild impact on the student living segment in Kota due to the deferment of NEET exams, affecting demand for hostels.
- The company has begun capitalizing product development costs, which may raise concerns about long-term financial sustainability.
Ladies and gentlemen, good day and welcome to Aurum Proptech Limited earnings conference call. (Operator Instructions) I now hand the conference over to Ms. Sonia. Thank you, and over to you, ma'am.
Good evening, everyone, and a warm welcome to the quarter one FY24-'25 financial results presentation of Aurum Proptech Limited. We appreciate your continued interest and support.
Joining us today is Mr. Ashish Deora, the Founder and CEO of Aurum Ventures; Mr. Onkar Shetye, Executive Director; Mr. Kunal Karan, our Chief Financial Officer; and Mr. Hiren Ladva, EVP, Investments.
Before we dive into the details, I would like to remind everyone that the forward-looking statements we may discuss are subject to risk and uncertainties. Kindly refer to slide number 2 of investor presentation for detailed disclaimer. I would like to hand over the call to Mr. Ashish Deora for his opening remarks. Over to you, sir.
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