Interesting insights from the presentation -
• Client retention rate stood at 81% in FY 2024.
• Added over 8400+ residential and 950+ commercial and retail projects, exceeding 1,73,000+ projects and 57,500+ developers across 44 cities in residential, commercial and retail asset class.
• Cash reserves and liquid current assets have exceeded over Rs. 750 million as of 31st March, 2024. (Around 25% of current Market Cap)
• Subscription business revenues grew by 10%, consulting vertical was flat
• added 54 new clients in the subscription business, current annual subscription contracts stood at 215 as of 31st March, 2024.
• Revenues from valuation business have more than doubled from last financial year
• grown from 35 to 70+ clients (Banks, HFCs and NBFCs) in valuations and CRM vertical
• Adding new verticals in the valuation business, Auto Valuations and Plant and Machinery Valuations in FY 24-25.
• 369 employees in FY24. (195 in FY23)
• International expansion through Middle East
• Company is also looking for right projects to launch their Developer Asset Management Business. Completely asset light with no investments from Propequity’s balance sheet
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