Results · Real Estate & PropTech

Square Yards posts FY25 revenue of Rs 1,410 crore

What they do

Square Yards is a proptech platform offering property discovery, buying, mortgage, and furnishing services

It reported FY25 operating revenue of Rs 1,410 crore, up 41% from Rs 1,001 crore in FY24

The company targets Rs 2,000 crore revenue in FY26 with double-digit margins and over 40% growth

Square Yards announced its provisional financial results for the fiscal year FY25.
The company's operating revenue for FY25 was Rs 1,410 crore, up ~41% from Rs 1,001 crore in FY24.
Gross profit rose 52% to Rs 316 crore, with a gross margin of 22%.
EBITDA turned positive at Rs 46 crore.
Gross transaction value (GTV) grew over 44% to Rs 59,093 crore from Rs 40,828 crore in FY24.
The platform facilitated 1.86 lakh transactions during the year.
Operating cash flow was positive in FY25.
The company's 4-year revenue CAGR stood at 51%.

The results show Square Yards achieved profitability on an EBITDA basis for the first time.
Employee benefits expense rose 15% to Rs 618 crore, but fell as a percentage of total expenses to 38%.
The company set a FY26 revenue target of Rs 2,000 crore (~$240 million) and an EBITDA target of ~$25 million, implying 4-5x growth.
It aims for double-digit margins and over 40% revenue growth in the current fiscal year.

Square Yards is a proptech platform offering end-to-end real estate services: property discovery, buying/selling, mortgage, home furnishing, rentals, and property management.
Revenue split: mortgages and real estate services contribute 90%, interior and digital products contribute 10%.
It operates in 100+ cities across 9 countries.
It has 150,000 agent partners.
GCC countries contributed 11% of revenue.
Total funding raised to date: $96.5 million.
Lead investor: Reliance Group, which holds an 11% stake.

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