Q4 2024 Aurum Proptech Ltd Earnings Call Transcript
Key Points
- Aurum Proptech Ltd (BOM:539289) has become the largest rental management platform in India, aiming to double its capacity to 15,000 rental units.
- The company has successfully acquired and professionalized a single asset worth INR70 crores in Pune, positioning itself to become one of the largest electronic REITs in India.
- Aurum Proptech Ltd (BOM:539289) has onboarded top developers across India, including prestigious clients like Birla Estate, Adani Realties, and Sriram Properties.
- The company has significantly increased its revenue and improved its EBITDA margin considerably, demonstrating a focus on profitable growth and unit economics.
- The rental cluster registered an 87% year-on-year growth, and the company successfully turned around India's largest rental marketplace, Nestaway, making it a leaner and more efficient organization.
- Revenue from operations for Q4 FY24 was INR59.81 crores, down from INR67.31 crores in the previous quarter, indicating a decline in quarterly revenue.
- Total loss for the year was INR65 crores, up from INR40 crores in the previous year, showing an increase in annual losses.
- Liabilities increased significantly to INR456.47 crores as of March 31, 2024, compared to INR157 crores at the end of March 2023.
- The company faces challenges in scaling its mandate model for real estate sales, requiring a shift to a more tech-enabled AOP model.
- Despite improvements, the company still has a long way to go to achieve consistent profitability, with a focus on improving EBITDA margins by 700 to 1,000 basis points annually.
Ladies and gentlemen, good day, and welcome to Aurum Proptech Limited Q4 FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Sonia Jain. Thank you and over to you, ma'am.
Good evening, everyone, and welcome to the earnings call for Aurum Proptech Limited quarter four and financial year ended 2024. It's truly a pleasure to have you all online today with us. We appreciate your continued interest and support. Joining us today is Mr. Ashish Deora, the founder, and CEO of Aurum Ventures. We also have Mr. Onkar Shetye, Executive Director, who will share insights on our ecosystem; and Mr. Kunal Karan , our Chief Financial Officer, will talk on the financial highlights of the company.
Before we dive into the details, I would like to remind everyone that the forward-looking statements we make discuss are subject to risk and uncertainty, that are (technical difficulty) prospectus filled with them and subsequent
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