Stanza Living posts Rs 442 Cr revenue and Rs 495 Cr loss in FY23

"Just before FY23, Kotak Mahindra and RBL Bank conducted a $57 million debt raise by managed housing company Stanza Living. The corporation was able to circumvent a four-fold rise in the fiscal year that ended in March 2023 because to the financing. In FY23, Stanza Living's operating revenue increased to Rs 442 crore from Rs 115 crore in FY22, as per the company's consolidated financial statements submitted to the Registrar of Companies. Co-living options are offered by managed housing platform Stanza Living to both students and working people. The company says it is present in 24 locations and has an inventory of over 75,000 beds spread across more than 450 households. Stanza Living's main source of income was rental properties. The Delhi-based company also receives income from food, yearly maintenance fees, and other related services. In FY23, the company additionally received Rs 16 crore in interest from its investments. When we look at costs, emploee benefits show up as the biggest expense, accounting for 27% of total costs. From Rs 223 crore in FY22 to Rs 255 crore in FY23, this expense grew by 14.3%. Its financing and depreciation costs increased to Rs 187 crore and Rs 218 crore, respectively, during the previous fiscal year as a result of the lease. Stanza Living's overall expenses increased by 66.6% to Rs 953 crore in due to overhead related to marketing, legal and professional, safety, electrical, and other costs. from Rs 572 crore in FY22 to FY23. 

Stanza Living's losses climbed by 18.71% to Rs 495 crore in FY23 from Rs 417 crore in FY22, but the respectable scale enabled the company contain those losses. Its EBITDA margin increased to -19.7% and ROCE to -21%, respectively. In FY23, it cost Rs 2.16 per unit to earn a rupee. Stanza Living has raised more than $180 million in funding rounds, and its most recent equity transaction valued the company at over $430 million. With 26.62% of the shares, Alpha Wave (previously Falcon Edge) is the top stakeholder, followed by Matrix Partners and Accel, according to the startup data analytics platform TheKredible. Stanza appears well-positioned to grow rapidly right now in a market that is predicted to have considerable growth over the next ten years thanks to a solid base of beds that are readily available, a presence in 24 cities, and presumably a well-oiled infrastructure. Right now, the formula looks to be rather straightforward. Raise the occupancy rate in order to raise the average cost per bed, and continue to carefully rightsize operations in response to feedback."