Results · Professional & Local Services
Square Yards posts first profitable quarter
By Startup Enthusiast ·
- Date
- Company
- Square Yards
- What it does
- Real estate and mortgage platform
- Kind
- Results
- Based in
- Gurugram
- Founded
- 2014
What they do
Square Yards is an integrated real estate and mortgage platform
What happened
It reported Q1 FY26 revenue of Rs 378 crore, up 45% YoY, and its first-ever EBITDA profit of Rs 4.4 crore
Why it matters
The company is planning a Rs 2,000 crore IPO at a $1.5–2 billion valuation
The details
- Square Yards reported its Q1 FY26 results for the quarter ending June 2025.
- Revenue from operations was Rs 378 crore, up 45% year-on-year from Rs 260 crore.
- The company achieved its first-ever profitable quarter at the EBITDA level.
- Overall EBITDA was positive Rs 4.4 crore, compared to a loss of Rs 33.7 crore a year ago.
- Segmental EBITDA stood at Rs 38.2 crore with a 10% margin.
- Gross profit rose 192% to Rs 70 crore, with margins improving to 18% from 9%.
- The company facilitated 55,771 transactions with a Gross Transaction Value of Rs 18,480 crore.
The bigger picture
- This marks a turnaround from losses to profitability at the EBITDA level.
- Revenue from India grew 57% to Rs 340 crore, showing strong domestic demand.
- Financial services revenue surged 60% YoY, while real estate grew 36% and home renovations 21%.
About the business
- Square Yards is an integrated real estate and mortgage platform headquartered in Gurugram.
- It offers property discovery, buying and selling, mortgage assistance, home furnishing, rentals, and property management.
- The company operates in more than 100 cities across nine countries.
What happens next
- Square Yards is planning to raise Rs 2,000 crore through an IPO at a valuation of $1.5–2 billion.
- It is likely to file the DRHP (draft red herring prospectus, a preliminary document for an IPO) during the current financial year (FY26).
Founders
- Tanuj Shori, Founder and CEO
About Square Yards
- 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
Other articles talking about it
More on Square Yards
- Square Yards partners with IIM Bangalore for property index17 July 2026 · Partnership
- Square Yards targets 40-50% revenue growth in FY275 July 2026 · Results
- Square Yards hires bankers for $200-300 million IPO28 June 2026 · IPO · ₹900 crore
- Square Yards raises $95M, becomes unicorn23 June 2026 · Funding · $95M (₹900 Cr)
- Square Yards plans $250-300 Mn IPO11 May 2026 · IPO · $250-300 Mn
- Square Yards reports strong FY26 revenue growth1 May 2026 · Results
- Square Yards achieves ₹1,417 Cr revenue with 55% CAGR in real estate services5 March 2026 · Results · INR 1,417 Cr
- Square Yards raises $35m from Smile Gate Group27 November 2025 · Funding · $35M