New Delhi, Jul 19 (PTI) Aurum Proptech on Friday reported a consolidated net loss of Rs 10.70 crore for the first quarter of this fiscal.

The company had posted a net loss of Rs 16.12 crore in the year-ago period, according to a regulatory filing.

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Total income rose 45 per cent to Rs 69.10 crore during the April-June period of this fiscal from Rs 47.71 crore in the corresponding period of the previous year.

Onkar Shetye, Executive Director at Aurum PropTech, said: "Demonstrating our commitment to a balanced approach of robust growth and improving profitability, our business delivered a 45 per cent year-on-year (Y-o-Y) growth for Q1FY25 standing at an ARR (annual run rate) of Rs 276 crore."

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The company's rental platforms, which include Nestaway, now manage 30,000 rental units across student-living, co-living, and family rental categories, he said.

Shetye said the distribution cluster, which includes our B2B data analytics, marketing automation, and sales automation products, maintained consistent performance this quarter with robust Y-o-Y growth in revenue.

Aurum Proptech is primarily into Software as a Service (SAAS) and Real Estate as a Service (RAAS).

During the 2023-24 fiscal, the company posted a net loss of Rs 65.95 crore on a total income of Rs 233.07 crore.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)