Real estate listings portal Magicbricks reported an 11% YoY increase in its revenue to Rs 41.1 crore for the quarter ended December. The company posted a 36% growth in sequential quarter-on-quarter revenue. These numbers are revenues from external customers only and exclude any group company revenues or revenues from bundled products, it said. Magicbricks CEO, Sudhir Pai said the company has seen an upswing in business in the last two quarters, after a challenging start to Q1 of the current financial year. "Due to a concerted effort, we have managed a strong uptick in revenues in Q3 driven by strong traction in traffic, listings, active customers and innovation-led new revenue streams," he said in statement to the press. While transactions have remained weak, Pai said there has been an overall revival in customer sentiment. Magicbricks is a subsidiary of Times…
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