New Delhi: PE Analytics Ltd, which runs real estate data platform PropEquity, has reported 10 per cent rise in consolidated net profit to Rs 11.67 crore in the last financial year due to better earnings.
Last year its net profit was Rs 10.6 crore.
Total income rose 37 per cent to Rs 44.17 crore in the last fiscal year from Rs 32.3 crore in 2022-23, according to a regulatory filing on Friday.
Sameer Jasuja, Founder and CEO, PropEquity, said, “We have performed quite well in FY24, with our profit before tax (PBT) growing by 10.4 per cent compared to the last financial year. Our total revenue also grew by 37 per cent. Is increasing." per cent to Rs 44.1 crore.”
He said the valuation business vertical has performed well and revenues have increased by 106 per cent from the last financial year.
“We are adding new verticals in the valuation business in FY 24-25, which are auto valuation and plant and machinery valuation, which will help us grow the business manifold,” he said.
Jasuja said the company is setting up a new firm in the Middle East in partnership with local partners to launch its services.
Additionally, he said the company will launch two more verticals – B2C project monitoring and developer asset management – to boost revenues.
PropEquity is an online provider of analytics, data and deal flow covering the Indian real estate industry.
The company tracks over 1,73,000 projects from 57,500 developers across 44 cities in India on a real-time basis.
Its search platform generates analytics for all verticals under the residential, commercial and retail sectors, the company said in a statement.
Last year its net profit was Rs 10.6 crore.
Total income rose 37 per cent to Rs 44.17 crore in the last fiscal year from Rs 32.3 crore in 2022-23, according to a regulatory filing on Friday.
Sameer Jasuja, Founder and CEO, PropEquity, said, “We have performed quite well in FY24, with our profit before tax (PBT) growing by 10.4 per cent compared to the last financial year. Our total revenue also grew by 37 per cent. Is increasing." per cent to Rs 44.1 crore.”
He said the valuation business vertical has performed well and revenues have increased by 106 per cent from the last financial year.
“We are adding new verticals in the valuation business in FY 24-25, which are auto valuation and plant and machinery valuation, which will help us grow the business manifold,” he said.
Jasuja said the company is setting up a new firm in the Middle East in partnership with local partners to launch its services.
Additionally, he said the company will launch two more verticals – B2C project monitoring and developer asset management – to boost revenues.
PropEquity is an online provider of analytics, data and deal flow covering the Indian real estate industry.
The company tracks over 1,73,000 projects from 57,500 developers across 44 cities in India on a real-time basis.
Its search platform generates analytics for all verticals under the residential, commercial and retail sectors, the company said in a statement.
