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Aurum PropTech Limited — Earnings Release 2023
Oct 18, 2022
62518_rns_2022-10-18_5a5a36ea-0583-4a92-a7da-4cb43424a958.pdf
Earnings Release
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Date: October 18, 2022
Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort, Bandra East Mumbai - 400 001 Mumbai – 400 051
BSE Script Code: 539289 NSE Symbol: AURUM
Dear Sir/Madam,
Sub.: Media Release - Consolidated and Standalone Unaudited Financial Results for quarter and half year ended September 30, 2022.
In continuation of our letter of today’s date on the Consolidated and Standalone Unaudited Financial Results for quarter and half year ended September 30, 2022, we send herewith a copy of Media Release being issued by the Company in this regard.
September 30, 2022, approved by the Board of Directors and the Media Release thereon will also be available on the Company’s website, www.aurumproptech.in.
You are requested to take the above on record.
Thanking you.
Yours faithfully,
For Aurum PropTech Limited
Digitally signed KHUSHBU DILIP by KHUSHBU RAKHECHA DILIP RAKHECHA
Khushbu Rakhecha
Compliance Officer
www.aurumventures.in (formerly known as Majesco Limited) [email protected] CIN: L72300MH2013PLC244874 +91-22-3000 1700 Office Address: Aurum Q1, Aurum Q Parć, Thane Belapur Road, Navi Mumbai 400710, India
18[th] October 2022
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MEDIA RELEASE
CONSOLIDATED RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER 2022
Aurum PropTech reports strong 2Q FY23 results
Revenue from operations during this quarter 2Q FY23 was ₹283 million up by 179 % over the last year’s total revenue
Total income for 1H FY23 was ₹ 465.6 million as compared to ₹ 26.8 million in 1H of last year
Operations in 15 cities with a team of 500+
CONSOLIDATED RESULTS AT A GLANCE (2Q FY23 COMPARED WITH 1Q FY23)
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Revenue from operations for the quarter was ₹ 283.0 million, as compared to ₹ 146.4 million in 1Q FY23, up 93.3%
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Total income for the quarter was ₹ 308.4 million as compared to ₹ 157.2 million in 1Q FY 23, up 96.2%
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EBITDA for the quarter was ₹ (34.2) million as compared to ₹ (56.9) million in 1Q FY 23, improved by ₹ 22.7 million
CONSOLIDATED RESULTS AT A GLANCE (1H FY23 COMPARED WITH 1H FY22)
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Revenue from operations for 1H FY23 was ₹ 429.4 million, as compared to ₹ 0.8 million in 1H FY22
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Total income for 1H FY23 was ₹ 465.6 million as compared to ₹ 26.8 million in 1H FY 22
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EBITDA for 1H FY23 was ₹ (91.1) as compared to ₹ (42.6) million in 1H FY 22
www.aurumproptech.in www.aurumventures.in [email protected] +91-22-3000 1700
Aurum PropTech Limited (formerly known as Majesco Limited) CIN: L72300MH2013PLC244874 Office Address: Aurum Q1, Aurum Q Parć, Thane Belapur Road, Navi Mumbai 400710, India
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MEDIA RELEASE
Commenting on the results, 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 ₹ 200 crores by March 2023 from an ARR of ₹ 50 crores in April 2022.”
OPERATIONAL HIGHLIGHTS
| OPERATIONAL HIGHLIGHTS | |||
|---|---|---|---|
| (In ₹ million) | 2Q FY23 |
1Q FY23 |
% Change |
| Revenue from Operations | 283.0 | 146.4 | 93.3% |
| Total Income | 308.4 | 157.2 | 96.2% |
| EBITDA | (34.2) | (56.9) | - |
About Aurum PropTech:
Aurum PropTech Limited (www.aurumproptech.in) is a company listed with BSE Limited (Scrip code: 539289) and National Stock Exchange of India Limited (Scrip code: AURUM). It aims to bring transparency, trust and digital transformation in the real estate sector through its Integrated PropTech Ecosystem covering Investment and Financing of Assets, Enterprise Efficiency, Customer Experience and Connected Living.
About Aurum Ventures:
Aurum Ventures (www.aurumventures.in) is a new age Real Estate Group with end-to-end capabilities from Acquisition, Design, Execution, Project Management, Property Management, Sales, Leasing and Hospitality. It is bringing digital transformation to the real estate sector through its PropTech Ecosystem.
Aurum PropTech Limited (formerly known as Majesco Limited) CIN: L72300MH2013PLC244874 Office Address: Aurum Q1, Aurum Q Parć, Thane Belapur Road, Navi Mumbai 400710, India
www.aurumproptech.in www.aurumventures.in [email protected] +91-22-3000 1700
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MEDIA RELEASE
Forward-looking Statements - Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forwardlooking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
For details please contact:
Khushbu Rakhecha Asha Gupta Aurum PropTech Limited Investor Relations, Ernst & Young LLP Email: [email protected] Email: [email protected]
Aurum PropTech Limited (formerly known as Majesco Limited) CIN: L72300MH2013PLC244874 Office Address: Aurum Q1, Aurum Q Parć, Thane Belapur Road, Navi Mumbai 400710, India
www.aurumproptech.in www.aurumventures.in [email protected] +91-22-3000 1700