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    Square Yards

    Proptech Startup Square Yards Upholds Growth Streak - Hits 52% Profit


    Finance Outlook India Team | Monday, 19 May 2025

    Square Yards has managed to grow rapidly, with its operating revenue increasing by more than 40 percent every year and reaching over Rs. 1,400 crore in the March 2025 fiscal. In the provisional statement, the company shows that its gross profit increased by 52 percent to Rs. 316 crore for the financial year ending in 25.

    The company’s operating income went up from Rs. 1,001 crore in FY24 to Rs. 1,410 crore in FY25, meaning it increased by nearly 41 percent. For customers, the Square Yards proptech platform provides services for finding, buying and selling homes, securing a mortgage, furnishing their homes, handling rents and managing their properties. As of the temporary registration, Square Yards works with 150,000 agents and can be found in more than 100 cities throughout nine countries.

    Square Yards’ GTV went up by over 44 percent, from Rs. 40,828 crore in FY24 to Rs. 59,093 crore in FY25. The provisional documents reveal that there were 1.86 lakh transactions taking place during that period.

    According to the company’s reports, employee benefits account for the most money, totaling 38 percent of all expenses. According to FY25’s interim financial statement, this cost went up by 15 percent, from Rs. 535 crore to Rs. 618 crore.

    As stated in the paper, Square Yard earned Rs. 316 crore as gross profit, up 52 percent from Rs. 208 crore the year before and maintained a gross profit margin of 22 percent in FY24. The company was successful in generating Rs. 46 crore of EBITDA in FY25.

    According to the company's provisional filings, it reported a positive operating cash flow for the most recent fiscal year and a compound annual growth rate (CAGR) of 51 percent over the previous four years. For FY26, it anticipates revenue of Rs. 2,000 crore, or roughly $240 million.

     



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