Square Yards, a leading proptech firm based in Gurugram, has reported a significant milestone in its financial performance for the fiscal year ending March 2025. The company achieved a revenue of Rs 1,410 crore, marking a 41% increase from Rs 1,001 crore in FY24. This growth is attributed to higher brokerage income from housing sales and home loans.
Key Financial Highlights
- Revenue Growth: The company’s revenue surged by 41% year-on-year, reaching Rs 1,410 crore in FY25.
- Gross Profit: Gross profit increased by 52% to Rs 316 crore, up from Rs 208 crore in the previous fiscal year.
- EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at Rs 46 crore, indicating operational profitability.
- Gross Transaction Value (GTV): The company facilitated over 186,000 transactions, achieving a GTV of Rs 59,093 crore, a 45% increase from Rs 40,828 crore in FY24.
Business Diversification and Market Presence
Square Yards has established itself as an integrated platform for real estate and mortgages, offering services that encompass the entire home buying journey, including property discovery, transactions, home loans, interiors, rentals, and property management. The company operates in more than 100 cities across nine countries, with India contributing 83% of its net sales and the Middle East accounting for 11%. Entrackr
Future Outlook
Looking ahead, Square Yards projects robust growth for FY26, targeting revenues of Rs 2,000 crore (approximately $240 million) and aiming for double-digit margins. The company forecasts its EBITDA to grow 4-5 times while maintaining over 40% revenue growth.
