Results · Real Estate & PropTech

Square Yards posts strong Q3 results

By Startup Enthusiast · 28 January 2025

What they do

Square Yards is a proptech firm that handles housing and home loan brokerage

It reported Q3 FY25 revenue of Rs 358.6 crore, up 45% year-on-year

The company expects full-year revenue above USD 170 million, making it the only profitable Indian proptech platform

Square Yards reported its Q3 FY25 financial results.
Revenue for the quarter was Rs 358.6 crore, up 45% year-on-year.
Gross transaction value (GTV) for Q3 was Rs 16,271 crore, up 54% year-on-year.
For the first nine months of FY25, revenue stood at Rs 938.4 crore, up 46% year-on-year.
India revenue for 9M FY25 was Rs 759.6 crore, up 50% year-on-year.
Consolidated gross profit for 9M FY25 was Rs 167.7 crore, up from Rs 94 crore a year ago.
Order book grew 44% year-on-year.

Square Yards expects full-year FY25 revenue of USD 170 million or more.
It expects to be profitable for the second consecutive year.
The company also expects to achieve operating cash flow break-even for the first time.
Its 4-year CAGR is 55%.
The next EBITDA margin target is around 15%.

Square Yards is a proptech (property technology) firm that provides housing and home loan brokerage services.
Its main markets are India and Dubai.

Square Yards aims for an EBITDA margin of around 15% in the next financial year.

Product: based proptech startup
Customers: Home buyers, property developers, real estate brokers, and loan seekers
How it makes money: Earns commissions on primary real estate sales and mortgage disbursements, plus interior design fees
What sets it apart: Full-stack integration covering real estate listings, mortgage distribution, and post-possession interior solutions

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