Aurum PropTech Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 18, 2024 at 09:46 am
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Aurum PropTech Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 573.1 million compared to INR 385.6 million a year ago. Revenue was INR 620.9 million compared to INR 411.5 million a year ago. Net loss was INR 185.3 million compared to INR 82.6 million a year ago. Basic loss per share from continuing operations was INR 4.71 compared to INR 2.17 a year ago. Diluted loss per share from continuing operations was INR 4.71 compared to INR 2.17 a year ago.
For the nine months, sales was INR 1,542.4 million compared to INR 815 million a year ago. Revenue was INR 1,673.3 million compared to INR 877.1 million a year ago. Net loss was INR 512.7 million compared to INR 230.5 million a year ago. Basic loss per share from continuing operations was INR 13.02 compared to INR 6.05 a year ago. Diluted loss per share from continuing operations was INR 13.02 compared to INR 6.05 a year ago.
Aurum Proptech Limited is an India-based technology company. The Company is in the business of software development for real estate and other services relating to real estate. The Companyâs segments include Software as a Service (SaaS), Real Estate as a Service (RaaS) and others. The SAAS segment comprises activities where the Company derives from customers for the use of the IT products it owns. RAAS operations comprise activities where the Company derives from customers on the use of real estate-related services it provides. It creates and manages PropTech products, services and platforms across business-to-business (B2B), business-to-consumer (B2C), business-to-business-to-consumer (B2B2C), and direct-to-consumer (D2C) markets. Its products are distributed into four clusters, namely Invest & Finance, Enterprise Efficiency, Customer Experience, and Connected Living. All the products are automated through APIs and served through its integrated contact center capabilities.