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Aurum PropTech Q2 FY27 Investor Presentation: Total Income Up 57% YoY to ₹137 Cr
Aurum PropTech released its Q2 FY27 investor presentation, reporting a 57% YoY growth in total income to ₹137 crore compared to ₹88 crore in Q2 FY26. Profitability improved significantly with Adjusted EBITDA margin expanding by 840 bps to 11.5% and PBT margin rising by 1270 bps to 4.8%. The Distribution segment led the topline contributing ₹70 crore (54% of revenue) with an ₹11 crore segment profit, while the Rental segment contributed ₹56 crore (43%). The company also noted that Housing.com financials will be integrated starting next quarter.
Confidence: HIGH
What changedAurum PropTech published its Q2 FY27 investor presentation highlighting strong top-line acceleration and margin turnaround.
Why it mattersThe company has historically reported quarterly net losses, so the sustained positive PBT margin (4.8%) and Adjusted EBITDA expansion indicate operational turnaround and operating leverage.
Total Income Q2 FY27: ₹137 CrTotal Income Growth YoY: +57%Adjusted EBITDA Margin: 11.5%PBT Margin: 4.8%Distribution Revenue: ₹70 CrRental Revenue: ₹56 Cr
📅 Short termMarket sentiment should react positively to the 57% top-line growth and turning PBT positive, though investors will parse detailed audited filings for cash flows.
📈 Long termStructural expansion across the PropTech ecosystem and the upcoming integration of Housing.com could significantly alter scale and margin profile if synergies are realized.
⚠ Risk flags
- Execution and integration risks relating to Housing.com
- Sensitivity of the real estate distribution segment to underlying property market cycles
Key Highlights
Total income rose 57% YoY to ₹137 crore in Q2 FY27 from ₹88 crore in Q2 FY26
Adjusted EBITDA margin expanded by 840 bps YoY to 11.5%
PBT margin turned positive to 4.8%, an expansion of 1270 bps YoY
Distribution segment revenue stood at ₹70 crore with segment profit of ₹11 crore
Leads sold jumped 79% YoY to 1,71,571 with 10,560 active CRM licenses
👀 What to Watch
Monitor the financial integration of Housing.com next quarter and track whether the turn to positive operating profitability and PBT margin is sustained across upcoming quarters.
Q2 FY27 Total Income Rises 57% YoY to ₹137 Cr; Adjusted EBITDA Margin Reaches 11.5%
Aurum PropTech reported a 57% YoY increase in consolidated total income to ₹137 crore for Q2 FY27, up from ₹88 crore in Q2 FY26. Adjusted EBITDA margin expanded by 840 bps YoY to 11.5%, while PBT margin turned positive to 4.8% from negative 7.9% in the prior year period. This marks the company's fourth consecutive quarter of positive PBT, driven by scaling across distribution and rental segments alongside the ongoing integration of Housing.com.
Confidence: HIGH
What changedAurum PropTech delivered a turnaround in profitability with Q2 FY27 PBT margin improving to positive 4.8% and revenue expanding 57% YoY.
Why it mattersDemonstrates operating leverage and disciplined execution across the proptech ecosystem, validating its transition from cash burn to profitable growth.
Total Income (Q2 FY27): ₹137 CrYoY Total Income Growth: +57%Adjusted EBITDA Margin: 11.5%PBT Margin: 4.8%Q2 Income vs TTM Revenue: ~35.5%
📅 Short termMarket sentiment should react positively to the 57% topline growth and widening adjusted EBITDA margins.
📈 Long termStructural integration of Housing.com alongside AI platform rollouts positions Aurum to capture higher market share and generate durable operational leverage.
⚠ Risk flags
- High dependency on cyclical real estate transaction volumes
- Execution and integration risks related to acquired assets (e.g., Housing.com)
Key Highlights
Consolidated total income jumped 57% YoY to ₹137 crore in Q2 FY27 vs ₹88 crore in Q2 FY26
Adjusted EBITDA margin expanded by 840 bps YoY from 3.1% to 11.5%
PBT margin improved by 1,270 bps to 4.8% from negative 7.9% in Q2 FY26
PropTiger segment recorded a 144% YoY surge in gross commission
Aurum Analytica sold 1,71,500+ leads in Q2 FY27, delivering 79% YoY growth
👀 What to Watch
Monitor sustained operating margin expansion and bottom-line conversion in subsequent quarterly prints following full Housing.com integration.
Aurum PropTech Appoints CFO Kunal Karan as CRO; Q2 FY27 Total Income Rises 57% to ₹137 Cr
Aurum PropTech announced the appointment of its CFO, Kunal Karan, as Chief Risk Officer alongside releasing its Q2 FY27 operational and financial highlights. Consolidated total income for Q2 FY27 rose 57% YoY to ₹137 crore, compared to ₹88 crore in Q2 FY26. Operating profitability expanded with Adjusted EBITDA margins rising 840 bps YoY to 11.5% and PBT margin reaching 4.8% (up 1,270 bps YoY). The company also highlighted the integration of Housing.com and operational traction across Sell.do, NestAway, and HelloWorld platforms.
Confidence: HIGH
What changedKunal Karan assumed the additional role of Chief Risk Officer alongside CFO, and the board approved Q2 FY27 financial results.
Why it mattersDemonstrates operating leverage and margin recovery into positive PBT territory (~5%), supported by scaling revenues across PropTech verticals.
Q2 FY27 Total Income: ₹137 croreTotal Income Growth (YoY): 57%Adjusted EBITDA Margin: 11.5%PBT Margin: 4.8%Q2 Total Income vs FY26 Annual Revenue: ~35.5%
📅 Short termMarket sentiment should react positively to the 57% top-line growth and positive PBT margin print.
📈 Long termThe integration of consumer platforms like Housing.com and rental marketplaces may enhance ecosystem network effects and monetization.
⚠ Risk flags
- Dual-hatting CFO and CRO roles may concentrate governance and risk oversight
- Integration risks associated with recent platform acquisitions
Key Highlights
Q2 FY27 total income grew 57% YoY to ₹137 crore from ₹88 crore in Q2 FY26
Adjusted EBITDA margin expanded by 840 bps YoY to 11.5%
PBT margin turned positive to 4.8%, widening by 1,270 bps YoY
CFO Kunal Karan appointed as Chief Risk Officer effective October 16, 2026
Sell.do delivered ₹1.7 crore in new sales with 125 closures adding 980 licenses
👀 What to Watch
Monitor sustained operating margin expansion and bottom-line profit conversion from the integrated Housing.com platform in subsequent quarters.
Aurum PropTech Q2 Total Income Jumps 57% YoY to ₹137 Cr, Adjusted EBITDA Margin at 11.5%
Aurum PropTech reported a 57% YoY increase in Q2 FY27 consolidated total income to ₹137 crore, up from ₹88 crore in Q2 FY26. Adjusted EBITDA margins expanded by 840 bps YoY to 11.5%, while PBT margins improved 1,270 bps to 4.8%, marking its fourth consecutive quarter of positive PBT. Growth was driven across both Distribution (Sell.do adding 980 licenses, PropTiger gross commission up 144%) and Rental segments (HelloWorld occupancy at 82%, NestAway AI-led bookings up 7.6x QoQ). The company also noted ongoing integration of Housing.com into its PropTech ecosystem.
Confidence: HIGH
What changedAurum PropTech delivered strong quarterly revenue growth (+57% YoY) alongside continued margin turnarounds to reach a 4.8% PBT margin.
Why it mattersDemonstrates operating leverage and pricing execution across its acquired platforms (Sell.do, PropTiger, NestAway) after historical annual losses.
Total Income Q2 FY27: ₹137 croreYoY Total Income Growth: 57%Adjusted EBITDA Margin: 11.5%PBT Margin: 4.8%Q2 Income vs TTM Revenue: ~35.5%
📅 Short termThe sustained turnaround into profitability (fourth straight quarter of positive PBT) is likely to be viewed favourably by the market in the near term.
📈 Long termFull-stack integration of portals like Housing.com, PropTiger, and NestAway alongside AI tooling offers structural operating leverage if high transaction volumes persist.
⚠ Risk flags
- Dependence on Indian real estate transaction volumes for distribution income
- High integration complexity from multiple acquisitions (Housing.com, NestAway, PropTiger)
Key Highlights
Total income rose 57% YoY to ₹137 crore in Q2 FY27 from ₹88 crore in Q2 FY26
Adjusted EBITDA margin expanded 840 bps YoY to 11.5%
PBT margin turned positive to 4.8%, an expansion of 1,270 bps YoY
PropTiger gross commissions grew 144% YoY, with 70 deals exceeding ₹2 crore
Aurum Analytica sold 1,71,500+ leads, representing 79% YoY growth
👀 What to Watch
Track the margin trajectory in coming quarters to see if PBT margins can expand beyond ~5%, and monitor the operational integration of Housing.com into the core software stack.
Aurum PropTech Q2 Total Income Jumps 57% YoY to ₹137 Cr, Adjusted EBITDA Margin at 11.5%
Aurum PropTech reported a 57% YoY increase in Q2 FY27 consolidated total income to ₹137 crore, up from ₹88 crore in Q2 FY26. Adjusted EBITDA margins expanded by 840 bps YoY to 11.5%, while PBT margins improved 1,270 bps to 4.8%, marking its fourth consecutive quarter of positive PBT. Growth was driven across both Distribution (Sell.do adding 980 licenses, PropTiger gross commission up 144%) and Rental segments (HelloWorld occupancy at 82%, NestAway AI-led bookings up 7.6x QoQ). The company also noted ongoing integration of Housing.com into its PropTech ecosystem.
Confidence: HIGH
What changedAurum PropTech delivered strong quarterly revenue growth (+57% YoY) alongside continued margin turnarounds to reach a 4.8% PBT margin.
Why it mattersDemonstrates operating leverage and pricing execution across its acquired platforms (Sell.do, PropTiger, NestAway) after historical annual losses.
Total Income Q2 FY27: ₹137 croreYoY Total Income Growth: 57%Adjusted EBITDA Margin: 11.5%PBT Margin: 4.8%Q2 Income vs TTM Revenue: ~35.5%
📅 Short termThe sustained turnaround into profitability (fourth straight quarter of positive PBT) is likely to be viewed favourably by the market in the near term.
📈 Long termFull-stack integration of portals like Housing.com, PropTiger, and NestAway alongside AI tooling offers structural operating leverage if high transaction volumes persist.
⚠ Risk flags
- Dependence on Indian real estate transaction volumes for distribution income
- High integration complexity from multiple acquisitions (Housing.com, NestAway, PropTiger)
Key Highlights
Total income rose 57% YoY to ₹137 crore in Q2 FY27 from ₹88 crore in Q2 FY26
Adjusted EBITDA margin expanded 840 bps YoY to 11.5%
PBT margin turned positive to 4.8%, an expansion of 1,270 bps YoY
PropTiger gross commissions grew 144% YoY, with 70 deals exceeding ₹2 crore
Aurum Analytica sold 1,71,500+ leads, representing 79% YoY growth
👀 What to Watch
Track the margin trajectory in coming quarters to see if PBT margins can expand beyond ~5%, and monitor the operational integration of Housing.com into the core software stack.
Aurum PropTech Allots Warrants Worth ₹118.02 Cr to Promoter
Aurum PropTech has allotted 51,00,000 fully convertible warrants to its promoter, Aurum RealEstate Developers Limited, at an issue price of ₹231.421 per warrant. The total warrant issuance aggregates to ₹118.02 crore, representing approximately 12% of the company's current market capitalization of ₹985 crore. The company received an upfront payment of 25% (₹29.51 crore), with the remaining 75% payable within 18 months upon exercise. On full conversion, the promoter's fully diluted shareholding will increase from 38.22% to 40.56%.
Confidence: HIGH
What changedThe Board allotted 51 lakh convertible warrants to promoter Aurum RealEstate Developers, securing ₹29.51 crore in upfront capital.
Why it mattersThe ₹118.02 crore total infusion provides growth capital for acquisitions and tech development while signaling promoter confidence and increasing their stake to 40.56%.
Total warrant value: ₹1,18,02,47,100Upfront amount received: ₹29,50,61,775Issue price per warrant: ₹231.421Warrants to Market Cap: ~12.0%Diluted promoter stake increase: 38.22% to 40.56%
📅 Short termStrengthens immediate liquidity with ~₹29.5 crore cash received, supporting near-term working capital and expansion needs.
📈 Long termIncreases promoter commitment and provides up to ₹118 crore in growth equity, supporting the company's M&A pipeline and ecosystem integration without debt.
⚠ Risk flags
- Dilution of public shareholders by ~2.34% upon full conversion
- Risk of warrant forfeiture if the remaining 75% consideration is not exercised within 18 months
Key Highlights
Allotment of 51,00,000 fully convertible warrants at ₹231.421 per warrant
Total capital infusion of ₹118,02,47,100, of which 25% (₹29,50,61,775) was received upfront
Promoter holding to rise from 38.22% to 40.56% on a fully diluted basis upon conversion
Exercise window of up to 18 months from allotment date (October 13, 2026)
👀 What to Watch
Track the deployment of the initial ₹29.51 crore upfront proceeds and watch for future tranches of warrant conversion notices over the next 18 months.
Aurum Allots ₹458 Cr Shares to REA India for 100% Acquisition of Locon Solutions
Aurum PropTech has completed the preferential allotment of 1,97,93,309 equity shares at ₹231.421 per share (aggregating to ₹458.06 crore) to REA India Pte. Limited. The issuance is for consideration other than cash to acquire a 100% stake in Locon Solutions Private Limited (operator of PropTiger/Housing platforms). Following this allotment, REA India's equity stake in Aurum PropTech jumps from 5.55% to 24.49% on a fully diluted basis. The total paid-up shares of Aurum increase from 7.68 crore to 9.66 crore shares.
Confidence: HIGH
What changedAurum PropTech closed the share allotment to acquire 100% of Locon Solutions, making REA India a 24.49% strategic shareholder via equity swap.
Why it mattersThe deal transaction size of ₹458.06 crore represents ~50% of Aurum's market capitalization (₹918 crore) and ~119% of TTM revenue, substantially transforming its operational scale and PropTech ecosystem.
Shares allotted: 1,97,93,309Issue price per share: ₹231.421Total deal consideration: ₹4,58,05,87,362Deal value vs Market Cap: ~49.9%REA India post-issue stake: 24.49%
📅 Short termExchanges will process listing approvals for the newly issued shares, which are subject to statutory lock-in requirements.
📈 Long termStrategic addition of Locon Solutions expands Aurum's real estate distribution reach, aiding its target of building an integrated rental, transaction, and tech ecosystem.
⚠ Risk flags
- Equity dilution (expanded share count by ~25.8%).
- Integration risks and margin drag from absorbed Locon operations.
Key Highlights
Allotted 1,97,93,309 equity shares at an issue price of ₹231.421 each (face value ₹5, premium ₹226.421).
Total transaction value is ₹458.06 crore for acquiring 100% of Locon Solutions Private Limited.
REA India's holding in Aurum increases significantly from 5.55% to 24.49% on a fully diluted basis.
Paid-up share capital expanded from ₹38.26 crore to ₹48.16 crore, comprising 9,65,58,503 shares.
👀 What to Watch
Track the integration timeline of Locon Solutions into Aurum's operations and its impact on consolidated revenue and profitability in upcoming quarterly reports.
Aurum Allots ₹458 Cr Shares to REA India for 100% Acquisition of Locon Solutions
Aurum PropTech has completed the preferential allotment of 1,97,93,309 equity shares at ₹231.421 per share (aggregating to ₹458.06 crore) to REA India Pte. Limited. The issuance is for consideration other than cash to acquire a 100% stake in Locon Solutions Private Limited (operator of PropTiger/Housing platforms). Following this allotment, REA India's equity stake in Aurum PropTech jumps from 5.55% to 24.49% on a fully diluted basis. The total paid-up shares of Aurum increase from 7.68 crore to 9.66 crore shares.
Confidence: HIGH
What changedAurum PropTech closed the share allotment to acquire 100% of Locon Solutions, making REA India a 24.49% strategic shareholder via equity swap.
Why it mattersThe deal transaction size of ₹458.06 crore represents ~50% of Aurum's market capitalization (₹918 crore) and ~119% of TTM revenue, substantially transforming its operational scale and PropTech ecosystem.
Shares allotted: 1,97,93,309Issue price per share: ₹231.421Total deal consideration: ₹4,58,05,87,362Deal value vs Market Cap: ~49.9%REA India post-issue stake: 24.49%
📅 Short termExchanges will process listing approvals for the newly issued shares, which are subject to statutory lock-in requirements.
📈 Long termStrategic addition of Locon Solutions expands Aurum's real estate distribution reach, aiding its target of building an integrated rental, transaction, and tech ecosystem.
⚠ Risk flags
- Equity dilution (expanded share count by ~25.8%).
- Integration risks and margin drag from absorbed Locon operations.
Key Highlights
Allotted 1,97,93,309 equity shares at an issue price of ₹231.421 each (face value ₹5, premium ₹226.421).
Total transaction value is ₹458.06 crore for acquiring 100% of Locon Solutions Private Limited.
REA India's holding in Aurum increases significantly from 5.55% to 24.49% on a fully diluted basis.
Paid-up share capital expanded from ₹38.26 crore to ₹48.16 crore, comprising 9,65,58,503 shares.
👀 What to Watch
Track the integration timeline of Locon Solutions into Aurum's operations and its impact on consolidated revenue and profitability in upcoming quarterly reports.
Aurum PropTech Discloses Details on ₹118.02 Cr Warrant Issue and Locon Solutions Acquisition
Aurum PropTech submitted additional disclosures required by stock exchanges for its preferential issue approvals. The company is issuing 1,97,93,309 equity shares to acquire a 100% stake in Locon Solutions, which will expand REA India's fully diluted stake to 22.91%. In addition, the promoter Aurum RealEstate Developers is being allotted 51,00,000 convertible warrants to raise gross proceeds of ₹118.02 crore (~12.9% of market cap). Out of the proceeds, ₹90 crore is allocated towards subsidiary investments for working capital, product development, debt repayment, and scale-up.
Confidence: HIGH
What changedProvided regulatory clarifications on ownership chains, post-dilution cap tables, and detailed ₹118.02 crore proceeds allocation to secure exchange in-principle approvals.
Why it mattersThe ₹118.02 crore capital infusion (nearly 13% of market cap) significantly bolsters liquidity, while fully integrating Locon Solutions deepens Aurum's digital real estate ecosystem.
Warrant issue gross proceeds: ₹118.02 croreProceeds vs Market Cap: ~12.9%Shares issued for Locon acquisition: 1,97,93,309REA India post-issue stake: 22.91%Promoter post-issue stake: 39.89%
📅 Short termProgress towards exchange in-principle clearance reduces execution uncertainty for the pending M&A and preferential allotment.
📈 Long termStrengthens capital base to fund growth across core subsidiaries (NestAway, PropTiger, HelloWorld) and inorganic PropTech additions over the 3-year deployment horizon.
⚠ Risk flags
- Promoter equity dilution from 48.13% to 39.89%
- Closing of Locon Solutions acquisition remains subject to pending regulatory approvals
- Execution risk across multiple integrated subsidiary platforms
Key Highlights
Gross proceeds of ₹118.02 crore to be raised through 51,00,000 fully convertible warrants to promoter entity
Acquisition of 100% stake in Locon Solutions Private Limited via issuance of 1,97,93,309 equity shares
REA India Pte Limited's stake to increase from 5.56% pre-issue to 22.91% on a post-issue fully diluted basis
Promoter holding will change from 48.13% pre-issue to 39.89% post-issue on a fully diluted basis
Proceeds deployed over 3 years: ₹45 crore for subsidiary working capital, ₹20 crore for tech/product R&D, ₹20 crore for expansion, and ₹14 crore for M&A
👀 What to Watch
Track receipt of final in-principle and listing approvals from BSE/NSE, followed by integration milestones and revenue contribution from Locon Solutions.
Aurum PropTech Shareholders Approve 100% Acquisition of Locon Solutions and Promoter Warrants
Aurum PropTech shareholders have approved all four special resolutions at the Extraordinary General Meeting held on August 14, 2026, with overwhelming majorities exceeding 99.9%. Crucially, the 100% stake acquisition of Locon Solutions Private Limited via a preferential issue of equity shares received 99.998% affirmative votes (4,40,60,000 votes in favour). Furthermore, the preferential issue of fully convertible warrants to promoter entity Aurum RealEstate Developers Limited was approved with 99.983% support (73,11,344 votes in favour; promoter abstained). Enhanced investment/guarantee limits under Section 186 and alteration of Articles of Association were also cleared.
Confidence: HIGH
What changedShareholders formally approved the 100% acquisition of Locon Solutions via equity swap/preferential issue and a promoter warrant infusion.
Why it mattersSecuring shareholder backing clears the primary corporate hurdle to complete the Locon Solutions integration, expanding Aurum's PropTech platform footprint and bringing in promoter growth capital.
Locon Solutions Acquisition Approval: 99.998%Votes in Favour - Locon Acquisition: 44,060,000Promoter Warrants Issue Approval: 99.983%Votes in Favour - Promoter Warrants: 7,311,344Section 186 Limits Approval: 99.944%
📅 Short termClear corporate mandate allows management to execute the share allotment, close the transaction, and begin post-merger integration.
📈 Long termIntegrating Locon Solutions strengthens Aurum's distribution and rental ecosystem, helping move toward its target business mix while promoter capital reinforces the balance sheet.
⚠ Risk flags
- Equity dilution resulting from the preferential issue for the acquisition and subsequent warrant conversion.
- Post-merger integration risks across technology, operations, and synergy realization.
Key Highlights
100% stake acquisition of Locon Solutions Private Limited via preferential equity issue approved with 99.998% votes in favour (44,060,000 votes).
Preferential issue of fully convertible warrants to promoter entity Aurum RealEstate Developers approved with 99.983% non-promoter votes (7,311,344 votes).
Expansion of limits for loans, guarantees, and investments under Section 186 passed with 99.944% approval (44,036,452 votes).
Alteration to the Articles of Association passed with 99.998% approval (44,060,147 votes in favour).
👀 What to Watch
Track the upcoming regulatory filings detailing the exact allotment of preferential shares for the Locon Solutions acquisition, pricing/dilution details, and the warrant subscription timeline.
Shareholders Approve 100% Locon Solutions Acquisition & Promoter Warrants at EGM
Aurum PropTech Limited announced that its shareholders approved all special resolutions at the Extraordinary General Meeting (EGM) held on August 14, 2026. Key resolutions passed include the 100% acquisition of Locon Solutions Private Limited via a preferential issue of equity shares on a private placement basis. Shareholders also approved the issuance of fully convertible warrants to promoter entity Aurum RealEstate Developers Limited and expanded investment/guarantee limits under Section 186 of the Companies Act. These approvals facilitate Aurum's strategic M&A expansion and promoter capital infusion into its ₹919 Cr market cap ecosystem.
Confidence: HIGH
What changedShareholders have formally approved the 100% acquisition of Locon Solutions via equity swap and the issuance of convertible warrants to the promoter.
Why it mattersEnables the scale-up and consolidation of the company's PropTech platforms while securing promoter capital support, though it will result in equity dilution.
Locon Solutions stake to be acquired: 100%EGM Date: August 14, 2026Current Market Cap (Context): Rs 919 CrTTM Revenue (Context): Rs 386 Cr
📅 Short termClearance of EGM resolutions removes corporate authorization overhang for the transaction; markets will focus on the final allotment pricing and dilution quantum.
📈 Long termFull integration of Locon Solutions aligns with Aurum's ecosystem strategy (targeting a balanced Rental/Distribution revenue mix), strengthening its market position if executed effectively.
⚠ Risk flags
- Equity dilution from preferential equity share issuance and promoter convertible warrants
- Integration and turnaround risks associated with acquiring 100% of Locon Solutions
Key Highlights
Shareholders approved the 100% acquisition of Locon Solutions Private Limited via preferential issue of equity shares.
Approval granted for the preferential issue of fully convertible warrants to promoter entity Aurum RealEstate Developers Limited.
Enhanced limits approved for loans, investments, guarantees, and securities under Section 186 of the Companies Act, 2013.
EGM conducted via video conferencing on August 14, 2026, concluded at 2:36 P.M. with all resolutions passed by requisite majority.
👀 What to Watch
Track subsequent exchange disclosures regarding the formal scrutinizer voting report, share swap ratio/valuation for Locon Solutions, and allotment timelines for the promoter warrants.
Aurum PropTech Amends Rights Issue Objects for Locon Solutions Investment
Aurum PropTech has amended the objects of its Rights Issue to allow for investment in Locon Solutions Private Limited (PropTiger) once it becomes a subsidiary. This move supports the company's strategy to integrate PropTiger and balance its revenue mix between rental and distribution services. Additionally, the board confirmed the completion of an internal merger between two subsidiaries, effective June 12, 2026, which resulted in no changes to the previously reported FY26 financial performance. The company reported a TTM revenue of Rs 386 Cr and a marginal PAT of Rs 1 Cr, marking a turnaround from a Rs 41.7 Cr loss in FY25.
Confidence: HIGH
What changedThe company formalized an internal merger of subsidiaries and proposed a change in the utilization of Rights Issue proceeds to fund the acquisition of Locon Solutions (PropTiger).
Why it mattersThis enables the company to deploy capital toward its strategic goal of building an integrated PropTech ecosystem, specifically targeting the real estate distribution market to diversify revenue streams.
TTM Revenue: Rs 386 CrTTM PAT: Rs 1 CrMerger Effective Date: June 12, 2026Market Cap: Rs 930 CrPromoter Holding: 47.9%
📅 Short termThe announcement is likely to be neutral in the short term as the merger has no financial impact and the Rights Issue amendment requires shareholder approval.
📈 Long termThe successful integration of PropTiger is structurally significant, as it is intended to shift the revenue mix to 50% Distribution, potentially improving margins and market reach.
⚠ Risk flags
- Shareholder approval required for fund redirection
- Execution risk in integrating Locon Solutions
- High P/E ratio of 929.8
Key Highlights
Merger of Aurum Softwares and Liv Real Solutions became effective on June 12, 2026.
No change in financial performance or position from the audited results approved on April 23, 2026.
Rights Issue objects amended to include investment in Locon Solutions via equity, loans, or convertible instruments.
TTM Revenue reached Rs 386 Cr in FY26, a 47% increase over FY25 revenue of Rs 261.89 Cr.
Company achieved a marginal PAT of Rs 1 Cr in FY26 compared to a net loss of Rs 41.7 Cr in the previous year.
👀 What to Watch
Monitor the upcoming shareholder approval for the amendment of Rights Issue objects and track the progress of the Locon Solutions (PropTiger) integration into the Aurum ecosystem.
Aurum PropTech Amends Rights Issue Objects to Fund Locon Solutions (PropTiger) Investment
Aurum PropTech's board has approved a variation in the objects of its Rights Issue to include investments in Locon Solutions Private Limited (PropTiger) as it becomes a subsidiary. This move supports the company's stated strategy to integrate PropTiger and shift its revenue mix to 50% Rental and 50% Distribution. Additionally, the board re-confirmed FY26 audited results following the internal merger of two subsidiaries, which resulted in no change to the previously reported financial position. The company reported a TTM revenue of ₹386 Cr and a marginal PAT of ₹1 Cr, marking a recovery from a ₹41.7 Cr loss in FY25.
Confidence: HIGH
What changedThe company is expanding the scope of its Rights Issue proceeds to specifically fund Locon Solutions (PropTiger) and has completed the legal merger of two internal subsidiaries.
Why it mattersFunding the Locon Solutions acquisition is central to Aurum's growth strategy; successful integration is required to achieve the targeted 23.26% growth rate and improve margins through the PropTech ecosystem.
TTM Revenue: ₹386 CrTTM PAT: ₹1 CrMarket Cap: ₹930 CrMerger Effective Date: June 12, 2026Promoter Holding: 47.9%
📅 Short termThe stock may react neutrally to slightly positively as the company clarifies its capital allocation for M&A, though the financial results themselves contain no new surprises.
📈 Long termThe structural shift toward a balanced rental/distribution model via PropTiger is critical for long-term valuation re-rating, provided the company can sustain its recent turn to profitability.
⚠ Risk flags
- Integration risk of Locon Solutions
- Dependency on shareholder approval for Rights Issue object changes
- High P/E ratio of 929.8 reflecting high growth expectations
Key Highlights
Amendment of Rights Issue objects to include investment in Locon Solutions Private Limited via equity or debt.
Internal merger of Aurum Softwares and Solutions with Liv Real Solutions became effective on June 12, 2026.
Confirmation of FY26 results with no change to the figures approved on April 23, 2026.
TTM Revenue reached ₹386 Cr, a significant increase from ₹261.89 Cr in FY25.
Company achieved a marginal TTM PAT of ₹1 Cr compared to a net loss of ₹41.7 Cr in the previous fiscal year.
👀 What to Watch
Watch for the upcoming shareholder approval regarding the variation in Rights Issue objects and the subsequent timeline for the full integration of PropTiger into the consolidated financials.
Aurum PropTech to raise ₹118.02 Cr via warrants; REA India stake to rise to 22.91%
Aurum PropTech has issued a corrigendum for its August 14, 2026, EGM, providing detailed disclosures on a ₹118.02 crore warrant issue to promoters and a preferential share issue to REA India Pte Ltd. The warrant proceeds are primarily earmarked for subsidiary investments (₹90 crore) and strategic acquisitions (₹14 crore). Post-dilution, REA India's stake will increase significantly from 5.53% to 22.91%, while the promoter's stake will adjust to 39.89%. This capital infusion and strategic alignment with REA Group (News Corp) support the company's aggressive M&A-led growth strategy.
Confidence: HIGH
What changedThe company provided granular details on the utilization of funds and updated the shareholding pattern to a fully diluted basis following regulatory observations from BSE and NSE.
Why it mattersThe ₹118.02 crore fundraise represents approximately 19.6% of the company's net worth, providing significant capital for its 'dual-track' innovation and scalability strategy while strengthening ties with a global strategic partner.
Warrant Issue Size: ₹118.02 CrWarrant vs Net Worth: ~19.6%REA India Post-Issue Stake: 22.91%Investment in Subsidiaries: ₹90.00 CrStrategic Acquisitions Allocation: ₹14.00 CrEGM Date: August 14, 2026
📅 Short termThe stock may see positive sentiment due to the clarity on capital allocation and the increased commitment from a global strategic investor (REA Group/News Corp).
📈 Long termThe capital infusion is structurally significant for Aurum's goal of building an integrated PropTech ecosystem, though long-term value depends on the successful integration of acquisitions like Locon and NestAway.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Significant equity dilution for existing public shareholders
- Execution risk in deploying ₹90 crore across multiple subsidiaries
- High P/E ratio of 927.0 indicates high growth expectations
Key Highlights
Issuance of 51,00,000 fully convertible warrants to promoters to raise ₹118.02 crore for growth initiatives.
REA India's stake to increase to 22.91% on a fully diluted basis from the current 5.53% following the Locon Solutions acquisition.
Allocation of ₹90 crore from warrant proceeds specifically for subsidiary working capital, technology upgrades, and expansion.
Promoter shareholding to be 39.89% post-dilution, down from 47.89% pre-issue.
General Corporate Purposes capped at ₹14.02 crore, representing 11.88% of the warrant issue size.
👀 What to Watch
Investors should monitor the EGM voting results on August 14, 2026, and track the execution of the ₹90 crore subsidiary investment plan to see if it improves the current low ROCE of 1.0%.
57% YoY Revenue Growth to ₹121 Cr; Aurum PropTech Targets Housing.com Turnaround
Aurum PropTech reported a strong Q1 FY27 with total income reaching ₹121 Cr, a 57% increase YoY, marking its third consecutive profitable quarter on an adjusted EBITDA basis. A key highlight is the integration of Housing.com via a share swap, which increases REA Group's stake in Aurum to approximately 25%. Management has set a timeline of 4-6 quarters to make the historically loss-making Housing.com profitable. Despite a seasonal QoQ revenue dip in the distribution segment, PBT margins expanded significantly by 1,590 basis points.
Confidence: HIGH
What changedThe company has moved from a loss-making phase to three consecutive quarters of profitability and has significantly scaled its ecosystem by acquiring Housing.com.
Why it mattersThe acquisition of Housing.com and the increased backing from REA Group (a global PropTech leader) positions Aurum as a major consolidated player in the Indian digital real estate market.
Q1 FY27 Total Income: ₹121 CrYoY Revenue Growth: 57%PBT Margin Expansion: 1,590 bpsRental Revenue: ₹56 CrREA Group Stake (Post-Swap): ~25%Q1 Revenue vs TTM Revenue: 31.3%
📅 Short termThe market is likely to react positively to the sustained profitability and the strategic alignment with REA Group, though seasonal revenue fluctuations in the distribution segment remain a factor.
📈 Long termThe company is evolving into an integrated AI-native real estate operating system; long-term value depends on the successful turnaround of Housing.com and scaling the 'Unified Brain' AI layer.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Integration risk of Housing.com
- Seasonal volatility in brokerage/distribution revenue
- High valuation (P/E 950.5) requires sustained high growth
Key Highlights
Total income grew 57% YoY to ₹121 Cr in Q1 FY27, representing ~31% of TTM revenue.
PBT margins expanded by 1,590 basis points, driven by operating leverage and AI-led efficiencies.
Rental business generated ₹56 Cr in revenue with 81% occupancy across 21 cities.
REA Group's stake increased by 20% through the Housing.com acquisition swap, totaling ~25%.
Management targets a turnaround for Housing.com to reach profitability within 4 to 6 quarters.
👀 What to Watch
Monitor the quarterly progress of Housing.com's integration and its path to break-even, as this will be the primary driver of consolidated margins. Watch for improvements in 'revenue per team member' as a metric for the success of their AI-first strategy.
Aurum PropTech to acquire 100% of Locon Solutions for ₹458.06 Cr via share swap
Aurum PropTech has scheduled an EGM on August 14, 2026, to seek shareholder approval for the 100% acquisition of Locon Solutions Private Limited. The deal, valued at ₹458.06 Cr, will be settled by issuing 1.98 crore equity shares to REA India Pte Limited at ₹231.42 per share. This is a massive transaction representing approximately 48% of Aurum's current market capitalization and 118% of its TTM revenue. Additionally, the company is seeking to increase its investment limits to ₹1,200 Cr and loan limits to ₹800 Cr to support its aggressive expansion strategy.
Confidence: HIGH
What changedAurum is moving to fully acquire Locon Solutions, shifting from a potential partner to 100% owner, while significantly diluting its equity base to bring in REA India as a major shareholder.
Why it mattersThis acquisition fundamentally changes the company's scale, adding a major PropTech brand (Housing.com) to its portfolio. The deal value is nearly half the company's market cap, signaling a high-stakes bet on ecosystem consolidation.
Acquisition Value: ₹458.06 CrAcquisition vs Market Cap: ~48.2%Preferential Issue Price: ₹231.42New Shares to be Issued: 1,97,93,309Proposed Investment Limit: ₹1,200 CrAcquisition vs TTM Revenue: ~118.7%
📅 Short termThe stock may see volatility as the market weighs the strategic benefit of the Housing.com brand against the ~32% equity dilution. The issue price is slightly above the current market price of ₹228.3.
📈 Long termIf integrated successfully, this could position Aurum as India's leading integrated PropTech player. However, the company must demonstrate that it can turn these large-scale acquisitions into sustainable bottom-line growth.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Significant equity dilution (~32% post-issue stake for REA India)
- Integration risk of a large entity (Locon Solutions)
- High investment limits could lead to further capital-intensive moves
Key Highlights
Acquisition of 100% stake in Locon Solutions Private Limited for a total consideration of ₹458.06 Cr
Preferential allotment of 1,97,93,309 equity shares at a price of ₹231.42 per share
Proposed increase in investment limits under Section 186 to ₹1,200 Cr
Proposed increase in loan and guarantee limits to ₹800 Cr
REA India Pte Limited to receive 'Tag Along Rights' as a significant shareholder
👀 What to Watch
Investors should monitor the EGM voting results on August 14, 2026, and watch for the post-acquisition integration of Locon's assets (Housing.com/PropTiger) into Aurum's ecosystem to see if it improves the current marginal profitability.
57% Revenue Growth and 100% Acquisition of Housing.com via Equity Swap
Aurum PropTech reported a strong Q1 FY27 with total income rising 57% YoY to ₹121 Cr, marking its third consecutive profitable quarter with a 2% PBT margin. The company announced a transformative 100% acquisition of Housing.com from REA India through an all-equity deal, issuing 1.97 Cr new shares. Housing.com brings ₹301 Cr in FY25 revenue (approx. 78% of Aurum's TTM revenue) and 12 million monthly active users. Post-transaction, REA India will become a strategic partner holding a ~24.9% stake in Aurum PropTech.
Confidence: HIGH
What changedAurum PropTech is acquiring Housing.com, India's leading consumer property platform, in an all-equity deal that makes REA India a 24.9% shareholder.
Why it mattersThis acquisition nearly doubles the company's revenue scale and provides a massive top-of-the-funnel lead generation engine (58Mn monthly traffic) for its existing B2B and rental businesses.
Q1 FY27 Total Income: ₹121 CrHousing.com FY25 Revenue: ₹301 CrAcquisition vs TTM Revenue: ~78%New Shares to be Issued: 1,97,93,309Post-deal REA India Stake: 24.9%PBT Margin: 2%
📅 Short termThe stock is likely to react positively to the scale of the acquisition and the continued trend of operational profitability.
📈 Long termThe acquisition creates a vertically integrated PropTech giant; long-term value depends on successfully cross-selling services to Housing.com's massive user base.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Significant equity dilution (~25%)
- Integration risk of a large consumer-facing entity
- Historical profitability challenges of large property portals
Key Highlights
Total income grew 57% YoY to ₹121 Cr in Q1 FY27 from ₹77 Cr in Q1 FY26.
Acquisition of 100% stake in Housing.com via issuance of 1,97,93,309 new equity shares.
Housing.com FY25 revenue of ₹301 Cr represents a massive scale addition to Aurum's ₹386 Cr TTM revenue.
PBT margin turned positive at 2% (+1590 bps YoY) while Adj. EBITDA margin reached 10%.
Distribution segment saw 77% YoY growth in leads sold, reaching 1,34,221 units.
👀 What to Watch
Monitor the regulatory approvals for the Housing.com acquisition and the subsequent impact of equity dilution on EPS. Watch for the integration of Housing.com's high-traffic platform with Aurum's existing SaaS and rental management stacks.
Aurum PropTech to Acquire 100% of Housing.com; Q1 FY27 Revenue Up 57% to ₹121 Cr
Aurum PropTech reported a strong Q1 FY27 with total income rising 57% YoY to ₹121 Cr, marking its third consecutive profitable quarter with a 2% PBT margin. The company announced a transformative 100% acquisition of Housing.com through an all-equity deal, issuing ~1.98 Cr new shares to REA India. This deal will make REA India a strategic partner with a ~24.9% stake in Aurum. Housing.com's FY25 revenue of ₹301 Cr is highly material, representing approximately 78% of Aurum's current TTM revenue of ₹386 Cr.
Confidence: HIGH
What changedAurum is acquiring India's leading consumer property platform, Housing.com, and bringing in REA India as a 24.9% strategic shareholder.
Why it mattersThis acquisition fundamentally changes Aurum's scale and market position, adding ₹301 Cr in revenue (78% of TTM) and creating an end-to-end PropTech ecosystem from discovery to capital.
Q1 FY27 Total Income: ₹121 CrHousing.com FY25 Revenue: ₹301 CrTarget Revenue vs TTM Revenue: ~78%New Shares to be Issued: 1,97,93,309REA India Post-Deal Stake: ~24.9%PBT Margin: 2%
📅 Short termThe stock is likely to react positively to the massive scale-up via M&A and the continued trend of quarterly profitability.
📈 Long termThe integration of Housing.com with existing SaaS and rental platforms could create a dominant PropTech ecosystem in India, though execution on synergies is key.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Significant equity dilution (~24.9% stake to REA India)
- Integration risk of a large consumer platform
- 28% YoY decline in signed rental units
Key Highlights
Acquisition of 100% stake in Housing.com via issuance of 1,97,93,309 new equity shares to REA India.
Total income for Q1 FY27 reached ₹121 Cr, a 57% increase from ₹77 Cr in Q1 FY26.
Adjusted EBITDA margin improved significantly by 1320 bps YoY to 10%.
Distribution segment saw 77% YoY growth in leads sold, reaching 1,34,221 units.
Housing.com brings a massive scale with 12 Mn+ monthly active users and ₹301 Cr FY25 revenue.
👀 What to Watch
Watch for the completion timeline of the Housing.com acquisition and the subsequent consolidation of financials, which will nearly double the company's revenue base.
57% Revenue Growth in Q1 FY27; Aurum PropTech Acquires 100% of Housing.com
Aurum PropTech reported a strong Q1 FY27 with total income rising 57% YoY to ₹121 crore, marking its third consecutive profitable quarter. The company achieved a significant margin turnaround, with Adjusted EBITDA margins expanding by 1,320 bps to 10.2% compared to a negative margin in the previous year. A transformative milestone was announced with the 100% acquisition of Housing.com from REA Group, adding a platform with 58 million average monthly visits to its ecosystem. Operational growth was robust across segments, particularly in Aurum Analytica, which saw lead sales grow 77% YoY.
Confidence: HIGH
What changedThe company has transitioned from a loss-making entity to sustained profitability and significantly scaled its ecosystem through the acquisition of Housing.com.
Why it mattersThe acquisition of Housing.com provides a massive top-of-funnel traffic source (58M visits) which can be cross-sold into Aurum's transaction, rental, and SaaS platforms, potentially accelerating the 'network effect' moat.
Total Income (Q1 FY27): ₹121 CrQ1 Revenue vs TTM Revenue: 31.3%Adjusted EBITDA Margin: 10.2%Housing.com Monthly Visits: 58 millionLead Sales Growth (YoY): 77%
📅 Short termThe stock is likely to react positively to the combination of strong revenue growth, margin expansion, and the high-profile acquisition of Housing.com.
📈 Long termThe integration of a major discovery platform like Housing.com with Aurum's backend SaaS and transaction tools could structurally re-rate the company as a dominant integrated PropTech player in India.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Integration risk of a large platform like Housing.com
- Cyclicality of the real estate distribution business
- High P/E ratio (1009.9) reflecting high growth expectations
Key Highlights
Total income increased 57% YoY to ₹121 crore for the quarter ended June 30, 2026.
Adjusted EBITDA margin expanded by 1,320 bps to 10.2%, while PBT margin improved by 1,590 bps to 1.9%.
Acquired 100% stake in Housing.com, India's leading real estate discovery platform with 12 million monthly active users.
Aurum Analytica sold 1,34,000+ leads in Q1 FY27, representing 77% YoY growth.
Rental business (HelloWorld and NestAway) achieved EBITDA profitability during the quarter.
👀 What to Watch
Watch for the financial details of the Housing.com acquisition (valuation and funding) and the subsequent integration timeline to see how it impacts consolidated margins in FY27.
₹458 Cr Acquisition of Housing.com; Aurum PropTech to Issue Shares and Warrants
Aurum PropTech is acquiring 100% of Locon Solutions (Housing.com) for ₹458.06 crore through a share swap with REA India. This is a transformative deal as Housing.com's FY25 revenue of ₹687.46 crore is approximately 1.8x Aurum's TTM revenue of ₹386 crore. To facilitate this, Aurum will issue 1.98 crore shares to REA India, increasing their stake to 24.90%, and 51 lakh warrants to promoters at ₹231.42 per share. The acquisition aims to create an integrated AI-driven PropTech ecosystem combining marketplace listings with transaction services.
Confidence: HIGH
What changedAurum PropTech is moving from a minority partner to 100% owner of Housing.com, while REA India becomes a major strategic shareholder with a 24.9% stake.
Why it mattersThis acquisition nearly triples Aurum's revenue base and provides a massive top-of-the-funnel consumer marketplace to feed its existing SaaS and rental management businesses.
Acquisition Cost: ₹458.06 CrTarget Revenue (FY25): ₹687.46 CrTarget Revenue vs Aurum TTM Revenue: 178%Issue Price per Share: ₹231.42Promoter Warrant Infusion: ₹118.02 CrAcquisition Cost vs Market Cap: 44%
📅 Short termThe market is likely to view the scale of the acquisition and the entry of a global strategic player like REA India positively, though the significant equity dilution will be a factor.
📈 Long termStructurally transforms the company into a dominant PropTech ecosystem player; long-term success depends on achieving profitability at the Housing.com level and cross-selling SaaS tools.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Significant equity dilution (REA stake increases to 24.9%)
- Integration risk of a target entity larger than the acquirer
- Housing.com's historical profitability profile
Key Highlights
Acquisition of 100% equity in Locon Solutions (Housing.com) for a consideration of ₹458.06 crore.
Housing.com reported an audited FY25 turnover of ₹687.46 crore, significantly exceeding Aurum's TTM revenue.
Preferential allotment of 1,97,93,309 shares to REA India at ₹231.42 per share, raising their stake from 5.54% to 24.90%.
Promoter group to infuse up to ₹118.02 crore through the issuance of 51,00,000 fully convertible warrants.
The transaction is expected to be completed by September 30, 2026, subject to shareholder approval at the EGM on August 14, 2026.
👀 What to Watch
Monitor the Extraordinary General Meeting (EGM) on August 14, 2026, for shareholder approval and watch for post-acquisition consolidated financial results to assess the impact on margins.
