Aurum Proptech's Narrowed Losses Highlight Resilient Growth Strategy

Aurum Proptech Ltd's net loss narrowed to Rs 9.55 crore in Q2, attributed to higher income and reduced expenditures. Income rose by 18% to Rs 67.61 crore. The company's commitment to scalable growth is reflected across its sectors including co-living, home rentals, and proptech solutions.

Aurum Proptech Ltd showcased a significant improvement in its financial performance during the second quarter with a narrowed net loss of Rs 9.55 crore. This positive shift is largely due to increased income and efficient cost management.

In comparison with the previous year, where the net loss stood at Rs 20.10 crore, the recent figures reflect a strategic effort to enhance revenue quality. The total income for the quarter impressively rose by 18% to Rs 67.61 crore, as disclosed in a regulatory filing on Monday.

Aurum's Executive Director, Onkar Shetye, expressed satisfaction with the results, highlighting growth across rental and capital business segments. Aurum Proptech's diverse operations, including its HelloWorld co-living centers and Nestaway rental management, underscore its commitment to sustainable, profitable growth.

(With inputs from agencies.)