Aurum PropTech Reports Rs 21.32 cr Loss in Q3
Jan 18, 2024 18:30
Aurum PropTech's net loss widened to Rs 21.32 crore in the October-December quarter, despite a rise in total income. The company acquired NestAway Technologies last year.
New Delhi, Jan 18 (PTI) Realty firm Aurum PropTech Ltd on Thursday reported a consolidated net loss of Rs 21.32 crore for the quarter ended December.
Its net loss stood at Rs 10.94 crore in the year-ago period.
Total income, however, increased to Rs 62.09 crore during October-December period of this fiscal, from Rs 41.15 crore in the corresponding period of the previous year, according to a regulatory filing.
In June last year, Aurum PropTech had acquired up to 100 per cent stake in home rental platform NestAway Technologies for a cash consideration of up to Rs 90 crore.
Founded in 2015, NestAway caters to individuals looking for rental housing in major cities.
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