Integrated real estate and mortgage platform Square Yards has wrapped up FY25 with an impressive financial performance, reporting Rs 1,410 crore (USD 170 million) in revenue and Rs 46 crore (USD 6 million) in EBITDA. Backed by a solid gross profit of Rs 316 crore (USD 38 million), the company continues to maintain positive operating cash flow, a strong indicator of its efficient and scalable business model.
With a 4-year revenue CAGR of 51%, Square Yards has firmly positioned itself on a high-growth trajectory. In FY25 alone, the platform facilitated over 186,000 transactions, achieving a massive GTV of Rs 59,093 crore (USD 7+ billion).
Looking ahead, the company is gearing up for what it calls a transformational FY26. It is targeting Rs 2,000+ crore (USD 240+ million) in revenue and projecting a 4–5x jump in EBITDA, expected to touch USD 25 million. Founder and CEO Tanuj Shori highlighted the impact of operating leverage, predicting FY26 to be a breakthrough year.
Square Yards’ real estate business continues to lead profitability with 30% YoY revenue growth and 29% gross margins, while its rapidly scaling fintech vertical, having grown nearly 30x in four years, promises further margin expansion as it matures.
A strong year behind and a landmark year ahead, Square Yards is clearly building momentum.
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The Economic Times: https://bit.ly/48UoyDb
Published Date: 17th May 2025
