I am sharing the recent updates on the company. Overall, things have gone bad with the valuation division, subscription business continues doing well.
FY25Q1
- Launching PropAlert on September 1, 2024; will provide monitoring of under-construction properties and will be offered to 100+ banks/HFCs/NBFCs
- Launching Propequity Middle East by December 2024 in Dubai (services: Subscription, Feasibility studies, Asset management services, Highest and best use services)
- Valuation business client increases to 100+ (vs 70 in Q4FY24)
- Added 21 new clients in subscription business
- 80 cr.+ cash
FY25Q3
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Growth in valuation business is down to single digit. There has been a change in the top management of PropEdge due to operational and financial mismanagement. This has led to a lower growth and profitability in the last 3 months
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Profitability in Propedge has taken a huge hit (-30% PBT, still profitable though)
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Started Propequity Middle East with local partners in January 2025
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Cash increases to 82.5 cr. (vs 80 cr. in Q1FY25)
FY25Q4 more bad developments
- They filed a case against Avinash Jha
- In their newly incorporated UAE entity, Propequity only holds 25% equity share.
- They took a small receivable writeoff (40.73 lakhs)
FY26Q1
- Expanded to 47 cities (from 44 earlier) by adding 3 Tier-2 cities
- Subscription business grew by 17% YOY; Clients: 225 (vs 215 in FY25Q3). Developers: 60k (vs 57.5k in FY25Q3), Projects: 1.8 lakhs (vs 1.74 lakhs in FY25Q3), Units: 1.3 cr. (vs 1.18 cr. in FY25Q3)
- Valuation business declined by (-)28% YOY
12.09.2025 (Share buy transactions by Samir)
- Samir bought 4.65% shares yesterday, taking his shareholding to 71.77% (vs 70.2% before selling shares). Basically all the shares he had sold in last few years, he bought them back (+ some more)
FY26Q2
- Number of cities improved to 50 (vs 47 in Q1FY26); Tier 2 cities increased to 36 (vs 33 in Q1FY26)
- Subscription clients didn’t increase QoQ (but subscription per client has now crossed 3 lakh / client)
Disclosure: Invested (no transactions in last-30 days)