Aurum PropTech Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Aurum PropTech Ltd filed with BSE on 27 Jul 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Aurum PropTech reported total income of INR 121 crores for Q1 FY27, up 57% year-on-year, marking its third consecutive quarter of positive adjusted EBITDA and profit before tax. Management discussed the acquisition of Housing.com, describing plans to integrate it with the company's existing rental, developer and distribution businesses and to make it profitable within a stated timeframe. Segment revenues, margins, and details of AI deployment across the business were also presented during the call.
Numbers mentioned
Total income: INR 121 crores (Q1 FY27)
p. 5
“We delivered a total income of INR 121 crores, up 57% year-on-year, alongside our third consecutive quarter of positive adjusted EBITDA.”
Onkar Shetye, page 5 of the filed PDF · View the filing
Revenue from operations: INR 111.84 crores (Q1 FY27)
p. 7
“The revenue from operations INR 111.84 crores compared to INR 123.85 crores the previous quarter.”
Shrikant Jagtap, page 7 of the filed PDF · View the filing
Profit before tax: INR 2.31 crores (Q1 FY27)
p. 7
“The profit before tax INR 2.31 crores compared to INR 3.69 crores in the previous quarter.”
Shrikant Jagtap, page 7 of the filed PDF · View the filing
PBT margin: 2.1% (Q1 FY27)
p. 7
“PBT is at 2.1% compared to 2.9% in the previous quarter.”
Shrikant Jagtap, page 7 of the filed PDF · View the filing
Revenue from operations growth YoY: 70.9% (Q1 FY27 vs Q1 FY26)
p. 7
“The revenue from operations INR 111.84 crores compared to INR 65.44 crores in the quarter ended June 2025, an increase of 70.9%.”
Shrikant Jagtap, page 7 of the filed PDF · View the filing
Rental segment revenue: INR 54.35 crores (Q1 FY27)
p. 7
“The revenue from rental segment INR 54.35 crores compared to INR 52.70 crores in the previous quarter.”
Shrikant Jagtap, page 7 of the filed PDF · View the filing
Distribution segment revenue: INR 55.94 crores (Q1 FY27)
p. 7
“Distribution segment INR 55.94 crores compared to INR 66.87 crores in the previous quarter.”
Shrikant Jagtap, page 7 of the filed PDF · View the filing
Rental business occupancy: 81% (Q1 FY27)
p. 5
“Our rental business delivered INR 56 crores of revenue, maintaining 81% occupancy while operating across a scale of 21 cities spanning across student housing, co-living, and family rentals.”
Onkar Shetye, page 5 of the filed PDF · View the filing
PBT margin expansion: 1,590 basis points (Q1 FY27)
p. 5
“PBT margins expanded by 1,590 basis points, while adjusted EBITDA margins improved by 1,320 basis points, reflecting the operating leverage beginning to emerge across the platform.”
Onkar Shetye, page 5 of the filed PDF · View the filing
Developers on platform: over 1,200 developers across 1,50,000 projects in 40+ cities
p. 5
“Today, we enable over 1,200 developers across 1,50,000 projects in 40+ cities, creating one of the country's largest integrated technology platforms serving developers.”
Onkar Shetye, page 5 of the filed PDF · View the filing
Housing.com online portal market share: approximately 24%
p. 6
“Housing.com already commands approximately 24% of India's online portal market, supported by one of the country's strongest consumer brands, attracting over 58 million average monthly visits and 12 million monthly active users on its app.”
Onkar Shetye, page 6 of the filed PDF · View the filing
Housing.com FY25 revenue from operations: INR 343 crores (FY25)
p. 19
“if we look at the FY 2025 revenue from operations at Housing.com between the listing services and various other factors, INR 343 crores was the revenue as of FY '25.”
Onkar Shetye, page 19 of the filed PDF · View the filing
Housing.com FY25 expenditure: INR 531 crores (FY25)
p. 20
“On the expense side, between the employee benefits, other expenses, and which comprises of advertising, payment gateways, and software data, the expenditure at Housing as of FY 2025 was INR5 31 crores.”
Onkar Shetye, page 20 of the filed PDF · View the filing
Housing.com current burn rate: INR 200 crores annualized
p. 21
“So as of right now, you know, the business as is, it's doing INR 200 crores of burn annualized basis.”
Rihen Shah, page 21 of the filed PDF · View the filing
Sell.do gross churn: 7% (FY26)
p. 11
“The churn at agross level was 7%, but Sell.do has been growing in terms of licenses as well as number of developers that are onboarded onto the platform.”
Rihen Shah, page 11 of the filed PDF · View the filing
Sell.do active licenses: 11,800+
p. 11
“Sell.do has now crossed 1,000 developers onboarded onto the platform with 11,800+ active licenses that are there currently.”
Rihen Shah, page 11 of the filed PDF · View the filing
Sale of building: INR 112 crores (Q1 FY27)
p. 7
“During the quarter, the company closed the transaction related to sale of building owned by the company at INR 112 crores and recognized other income from discontinued operations of INR 52.38 crores during the quarter, in addition to INR 17.78 crores in the previous quarter.”
Shrikant Jagtap, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Housing.com profitability — break-even/profitability · four to six quarters
stated firmly by Ashish Deora
p. 14
“But yes, from for this call, let's take it four to six quarters.”
Ashish Deora, page 14 of the filed PDF · View the filing
Housing.com profitability (internal target) — break-even · three to four quarters
stated as an aspiration by Ashish Deora
p. 14
“Our internal target is like the other companies to kind of make it profitable within three to four quarters.”
Ashish Deora, page 14 of the filed PDF · View the filing
Company-level profitability — profitable at company level
stated conditionally by Rihen Shah
p. 23
“we do see the potential to be profitable at a company level because our existing businesses are already profitable, may it be in the distribution segment which always was profitable and now the rental segment is also break-even at an adjusted EBITDA basis.”
Rihen Shah, page 23 of the filed PDF · View the filing
Tax structure clarity — clear position on effective tax rate · Q3, starting H2
stated firmly by Onkar Shetye
p. 9
“We will be able to articulate our clear positions in Q3, starting H2, when we are able to look at our long-term goals on the financial metrics of this business.”
Onkar Shetye, page 9 of the filed PDF · View the filing
Revenue per team member
stated as an aspiration by Ashish Deora
p. 4
“We expect that this metric to improve further as AI adoption expands across every role in the organization.”
Ashish Deora, page 4 of the filed PDF · View the filing
1,000 crore ARR target — surpass INR 1,000 crores ARR
stated as an aspiration by Rihen Shah
p. 10
“Ishan, the INR 1,000 crores ARR target, you know, we feel that we're going to achieve that a lot faster with Housing.com transaction and surpass it a lot more.”
Rihen Shah, page 10 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said Housing.com adds a vertical integration strategy and does not see cannibalization, instead seeing synergy across the end-to-end platform.
Answered by Rihen Shah
Asked by Ajit Sethi: What gap does Housing.com fill and is there cannibalization risk with existing lead-gen products?
p. 8
“We don't see cannibalization. As a matter of fact, what we see is there is a strong synergy to have end-to-end solutions from listings to advertising to lead generation to transaction as a platform to be provided to all our partners and customers.”
Rihen Shah, page 8 of the filed PDF · View the filing
Management said they are still evaluating tax structures with Housing's team and will provide clarity later.
Answered by Onkar Shetye
Asked by Ajit Sethi: What effective tax rate should be modelled given carry forward losses?
p. 9
“So presently the team is evaluating and understanding the financial and tax structures of the business together with Housing's existing finance and operations team.”
Onkar Shetye, page 9 of the filed PDF · View the filing
Management described Housing.com's marketplace model across developers, channel partners and DIY consumers, and said more detail would follow closer to deal closing.
Answered by Rihen Shah
Asked by Ishan Kushwaha: What is Housing.com's unit economics and what steps will improve profitability?
p. 10
“Once we approach more towards the closing, we'll refine our thought process and also be able to give better numbers in terms of unit economics to hash out in each segment how do we see the unit economics flowing up and how our roadmap towards that profitability is building in the next three or four quarters.”
Rihen Shah, page 10 of the filed PDF · View the filing
Management outlined revenue-side levers (larger TAM, upselling SKUs, ancillary business cohorts) and cost-side levers (reducing top-heavy structure, marketing efficiency).
Answered by Onkar Shetye
Asked by Rahul Jain: What are the top three integration priorities for Housing.com?
p. 13
“So there are opportunities that present to us on the revenue and cost side both, which is why we, the team feels confident from the opportunities we see and the execution playbook that we have demonstrated successfully to bring this quickly under control in the next three, four quarters and then lead it back onto the growth at profitable metric journey.”
Onkar Shetye, page 13 of the filed PDF · View the filing
Management said dilution was only to REA, a strategic long-term partner, and framed the deal value in terms of both valuation and partnership benefits.
Answered by Ashish Deora
Asked by Neel Chhabra: How does management think about per-share value creation given dilution from acquisitions?
p. 16
“But both times that we have done the dilution, we have diluted to the largest PropTech group in the world, which is REA, right?”
Ashish Deora, page 16 of the filed PDF · View the filing
Management gave FY25 revenue and expense figures for Housing.com and reiterated a four-to-six quarter timeline to control costs and reach breakeven.
Answered by Onkar Shetye
Asked by Amit Chandra: What is Housing.com's current loss and timeline to breakeven, given competitors have struggled for years?
p. 20
“We also reiterated in the previous question that we are looking at optimistically getting this under control anywhere between four to six quarters as a trait of our applying our playbook on restructuring and turnaround, turning around businesses.”
Onkar Shetye, page 20 of the filed PDF · View the filing
Management explained the decline was due to seasonal recognition of slab-based brokerage revenue tied to annual operating plans with developers.
Answered by Rihen Shah
Asked by Faisal Hawa: Why did quarter-on-quarter revenue decline?
p. 23
“As and when we hit those slabs, we unlock additional brokerage slabs which PropTiger can then charge.”
Rihen Shah, page 23 of the filed PDF · View the filing
Management stated the current annualized burn rate for Housing.com.
Answered by Rihen Shah
Asked by Faisal Hawa: What is Housing.com's monthly burn rate?
p. 21
“So as of right now, you know, the business as is, it's doing INR 200 crores of burn annualized basis.”
Rihen Shah, page 21 of the filed PDF · View the filing
Management said there is potential for company-level profitability given existing profitable segments, with more guidance to follow after deal closure.
Answered by Rihen Shah
Asked by Yajat Shah: Can the company be profitable at a company level within two or three quarters?
p. 23
“We do see that potential over there; we'll be able to give you better guidance on this once the Housing transaction has been closed.”
Rihen Shah, page 23 of the filed PDF · View the filing
Risks flagged
Listing platforms in Indian real estate have historically not been profitable
p. 4
“As the industry leader, we are cognizant that listing platforms in Indian real estate have historically not been profitable.”
Ashish Deora, page 4 of the filed PDF · View the filing
Internationally invested, corporately managed businesses tend to become top-heavy and management-heavy
p. 12
“Typically, these become management-heavy, top-heavy.”
Onkar Shetye, page 12 of the filed PDF · View the filing
Housing.com currently operating at a significant cash burn
p. 21
“So as of right now, you know, the business as is, it's doing INR 200 crores of burn annualized basis.”
Rihen Shah, page 21 of the filed PDF · View the filing
High historical spend on Housing.com brand with limited profitability history
p. 21
“So, in last 14 to 15 years, we believe INR 2,200 crores has been invested, out of which it is safe to assume that INR 1,000 crores got spent on the brand.”
Ashish Deora, page 21 of the filed PDF · View the filing
Gap between intent capture on listing platforms and revenue monetization
p. 13
“One key thing that we have probably identified as an industry is that there seems to be some, there seems to be a gap in integration of intent that is captured on the platforms and then the revenue monetization of that.”
Onkar Shetye, page 13 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.