PropEquity, a real estate data analytics firm, posted 32% growth in consolidated revenues at Rs 25.62 crore in April-September FY24-25 against Rs 19.44 crore for the same period last year.
The NSE-listed firm said its valuation and CRM business contributed to this growth, followed by subscription and consulting.
The valuation and CRM business saw a growth of 55% at Rs 11.17 crore for the half year, April – September FY24-25 as against Rs 7.22 crore for the same period last year. The subscription business grew by 12.35% to Rs 11.27 crore as against Rs 10.03 crore in the same period last year.
The company’s EBIDTA margin continues to be above 49% on a standalone basis and 35% on a consolidated basis.
The company’s cash reserves and liquid current assets have exceeded over Rs. 800 million as of 30th September 2024.The company said its consolidated profit before tax (PBT) grew by 30% Rs 8.96 crore in H1 FY24-25 as against Rs 6.90 crore in the same period last year.
PropEquity captures real estate data for RERA approved projects in 44 Indian Cities including 14 Tier I cities and 30 Tier II Cities. The 14 Tier I cities include – Hyderabad, Bangalore, Chennai, Mumbai, Navi Mumbai, Thane, Pune, New Delhi, Gurgaon, Faridabad, Noida, Greater Noida, Ghaziabad and Kolkata.
The 30 Tier II cities include – Amritsar, Mohali, Ludhiana, Chandigarh, Panipat, Dehradun, Bhiwadi, Sonipat, Jaipur, Agra, Lucknow, Bhopal, Indore, Visakhapatnam, Vijayawada, Guntur, Goa, Mangalore, Mysore, Coimbatore, Kochi, Trivandrum, Raipur, Bhubaneshwar, Ahmedabad, Gandhi Nagar, Vadodara, Surat, Nashik and Nagpur.
