Aurum PropTech Reports Rs 21.32 cr Loss in Q3
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.
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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