Aurum PropTech539289Senior KMP change

CFO Kunal Karan appointed Chief Risk Officer, to hold both roles

Board approved on October 16, 2026 the appointment of Mr. Kunal Karan, presently Chief Financial Officer, as Chief Risk Officer, in addition to his existing role as CFO.

By ScoutQuest · Fri 16 Oct 2026, 12:47 PM IST · 3 min read

11.5%+8.4 pp

Q2 FY20263.1%Q2 FY202711.5%

Adjusted EBITDA margin: 3.1% (Q2 FY2026) and 11.5% (Q2 FY2027). A difference of 8.4 percentage points.

Appointment Date: October 16, 2026
New Role: Chief Risk Officer, in addition to his existing role as CFO
Experience: Chartered Accountant and Certified Public Accountant (CPA) with over 30 years of experience

Two matters came up at the board meeting held on October 16, 2026: a new risk role for the finance chief, and approval of the quarter's results. Both were intimated to the exchanges the same day.

What was approved

Mr. Kunal Karan, presently the Chief Financial Officer of the company, has been appointed as Chief Risk Officer, with date of appointment October 16, 2026.
The appointment is in addition to his existing role as Chief Financial Officer; he continues as CFO.
His profile: a Chartered Accountant and Certified Public Accountant (CPA) with over 30 years of experience in corporate finance, a Master's degree from the University of Calcutta, and earlier senior finance positions with organisations including Mastek Limited and Reliance Communications. He has been associated with the Aurum Group since 2009, and his areas of expertise include financial accounting and reporting, working capital management, taxation and financial controls.

In simple terms: an executive who already runs the company's finances has been given an additional charge of risk oversight. The two responsibilities now sit with the same person.

The quarter's numbers

The board also approved the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026. Highlights shown for the quarter:

Total income, in ₹ crore: from 88 to 137, a year-on-year change of +57%.
Adjusted EBITDA margin: 11.5%, against 3.1% earlier, a change of +840 bps.
PBT margin: 4.8%, against (7.9%) earlier, a change of +1,270 bps.

Management commentary

Executive Director Mr. Onkar Shetye said the quarter reflects the growing strength of the operating model, with total income growing 57% to ₹137 crore, Adjusted EBITDA margins expanding to 11.5% and PBT margins reaching around 5%, and that the fourth consecutive quarter of positive PBT reflects disciplined execution and improving monetisation. He also referred to Housing.com, the planned AI-native real estate operating system connecting Discovery, Intelligence, Transactions, Financing and Living, and to AI as a structural driver of revenue productivity and operating leverage.

Business updates shared

Sell.do: ₹1.7 Cr in new sales, with 125 closures adding 980 licenses.
Aurum Analytica: 130+ active clients with 280+ projects signed; 1,71,500+ leads sold in Q2 FY27, a 79% year-on-year growth.
PropTiger: 125+ active developer clients, 15 active mandates, 144% year-on-year growth in gross commission, and 70 deals above ₹2 Cr.
HelloWorld: 260+ active coliving spaces across 16+ cities, 82% average occupancy, with 137 buildings above 90% occupancy.
NestAway: 8,500+ rentable units across 4,300 houses; 358 units signed across 95 houses; 7.6x quarter-on-quarter growth in bookings.

Auditor's review

Kirtane & Pandit LLP reviewed the unaudited consolidated results and noted the Group's share of profit of associate of Rs. 22 lakhs for the quarter and Rs. (79) Lakhs for the half year, furnished by the management, adding that its conclusion is not modified in respect of this matter.

What to take away

This is a change-in-management disclosure along with the company's quarterly results. The risk function is entrusted to the existing CFO on an additional-charge basis, and the numbers show a year-on-year rise in total income and in both reported margins for the quarter.

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