PropEquity anticipates a revenue growth of 29% earning Rs.12 crore in Q1 FY25

PropEquity, a real estate data analytics firm, has reported a 29% increase in consolidated revenues, reaching Rs. 12.06 crore for the April-June FY25 period, up from Rs. 9.3 crore the previous year.

The firm attributed this growth primarily to its valuation and CRM business, which saw a 54% rise to Rs 5 crore. The subscription business also grew by 10% to Rs 5.5 crore, accounting for 46% of the total revenue. 

Mr. Samir Jasuja, the Founder & CEO of PropEquity, highlighted saying “The revenue figures for this quarter are quite encouraging. We will launch PropAlert, India’s first and only service providing real-time updates and actionable intelligence, on September 1. Later this year, we will also launch our oversees services in the Middle East. We are confident that these services will not just propel our revenues but also pave the path for innovation in enhancing data backed decision making.”

The company’s EBIDTA margin continues to be above 50% on a standalone basis and 41% on a consolidated basis.

Mr. Samir Jasuja added that the company has seen a consistent growth in valuation and subscription businesses.

He quoted, “The company has added 21 new clients in the subscription business in the last quarter, and our client retention rate continues to be over 81%.”

The company’s cash reserves and liquid current assets have exceeded over Rs. 800 million as of 30th June 2024.The company said its consolidated profit before tax (PBT) rose by 28% to Rs. 4.9 crore in Q1 FY 25 as against Rs. 3.9 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 30 Tier II cities are: Amritsar, Mohali, Ludhiana, Chandigarh, Panipat, Dehradun, Bhiwadi, Sonepat, Jaipur, Agra, Lucknow, Bhopal, Indore, Visakhapatnam, Vijayawada, Guntur, Goa, Mangalore, Mysore, Coimbatore, Kochi, Trivandrum, Raipur, Bhubaneshwar, Ahmedabad, Gandhinagar, Vadodara, Surat, Nashik, and Nagpur.

PropEquity Analytics Ltd., listed on the NSE, owns and operates PropEquity, the largest online real estate data and analytics platform in India. Covering over 1,70,000 projects from more than 57,000 developers across 44 cities, PropEquity has amassed over 16 years of cataloged data. The platform adds about 700 new projects each month and stands as a pioneering Business Intelligence product in the Indian real estate sector.