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Aurum Proptech LtdQ2 FY25

Aurum Proptech Ltd Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: 213Market Cap: ₹1.3K CrSector: IT - Services

Management growth scorecard

Revenue

Category 2

Margin

Category 1

Fundraise

Yes

Order

N/A

Capex

Yes

3 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2
  • Aurum PropTech targets a 38% CAGR in revenue growth over the next 3 years (pages 7, 9, 12).
  • The company aims to reach revenue levels of INR 550-575 crores by FY27, which is where operational breakeven is expected (page 9).
  • Current revenue (excluding PropTiger) is projected at INR 550-600 crores for FY27; PropTiger revenues will add further growth (page 10).
  • Rental segment contributes 60% of revenue currently and is expected to remain a major growth driver (page 9).
  • PropTiger acquisition is anticipated to boost revenue further through synergies in distribution and transaction management (pages 5, 14, 15).
  • SM-REIT is a large market opportunity, with INR 2,000 crores AUM targeted over 3-5 years, though launch will be cautious and market-driven (pages 8, 17).
  • Overall, the company plans disciplined scaling with an improved focus on operational efficiency and profitability.

Margin guidance

Category 1
  • Aurum PropTech aims for continued revenue growth with a 38% CAGR over the next 3 years (excluding PropTiger).
  • Operational break-even is targeted by FY27 or FY28 at around INR 550-575 crores revenue.
  • EBITDA margins improved significantly, with adjusted EBITDA expected to turn positive in the near future.
  • PropTiger business is expected to become profitable within 12 to 18 months through cost optimizations.
  • Synergies from PropTiger acquisition expected to enhance revenues and profitability across segments.
  • Distribution segment currently profitable at operational level, with growth expected.
  • Overall, the company expects continued top-line growth paired with improved operational profitability leading to break-even and positive adjusted EBITDA soon.
  • Management maintains a disciplined focus on cost control and capital efficiency to drive profit improvement alongside growth.

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Fundraise plans

Yes
  • The transcript does not mention any immediate or planned fundraising through debt or equity.
  • The company recently completed a successful rights issue, which has provided capital to double organic revenue in the next 27-30 months.
  • Management emphasizes capital efficiency and focused deployment of existing capital.
  • There is no direct reference to new fundraising rounds being planned or underway on these pages.
  • Future growth is planned to be fueled by operational improvements, synergies, and regulatory approvals (such as SM-REIT registration), rather than immediate new capital raises.

Order book

The transcript does not explicitly mention the current or expected order book or pending orders for Aurum PropTech Limited. However, relevant insights related to growth and business outlook include: - The company targets INR 2,000 crore AUM in SM-REIT over the next 3 to 5 years, subject to market observation and regulatory environment. - Aurum PropTech aims for a revenue growth CAGR of approximately 38% over the next 3 years. - Expected revenue for FY27 (excluding PropTiger) is in the range of INR 550-600 crore. - PropTiger acquisition revenues are additional and expected to contribute starting Q2 FY26 onwards. - The company projects breakeven at around INR 550-575 crore revenue by FY27 at the operational (EBITDA) level. - Growth drivers include Rental and Distribution segments, with PropTiger integration providing synergies and incremental revenue streams. No specific quantitative details on current order book or pending orders were disclosed.

Capex plans

Yes
  • The company recently completed a rights issue to raise capital, providing firepower to double organic revenue in the next 27 to 30 months with a focus on capital efficiency and focused deployment.
  • A key strategic investment is the acquisition of PropTiger, which is expected to bring synergies and add to revenue growth while moving towards profitability in 12 to 18 months.
  • Aurum PropTech received SEBI registration for SM-REIT, enabling scale-up of this new asset class with plans to build INR 2,000 crores AUM over the next 3 to 5 years after careful market observation in the next two quarters.
  • Future strategic collaborations or capital investments may happen post initial SM-REIT launch and business scaling (potential talks with domain experts or large institutions like Brookfield in future years).
  • Overall, the company is focused on tech adoption, operational efficiency, scaling PropTiger, and launching the first SM-REIT (expected around Q4 FY27 or Q1 FY28).

How does Aurum Proptech Ltd rank vs peers in IT - Services?

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1Aurum Proptech Ltd
Rev 2Mar 1

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