{"id":18921,"date":"2020-02-19T11:53:04","date_gmt":"2020-02-19T06:23:04","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=18921"},"modified":"2021-01-28T17:16:40","modified_gmt":"2021-01-28T11:46:40","slug":"square-yards-achieves-50-in-revenue-growth-for-q3-fy19-20","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/square-yards-achieves-50-in-revenue-growth-for-q3-fy19-20","title":{"rendered":"Square Yards achieves 50% in revenue growth for Q3 FY19-20"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Square Yards, India\u2019s foremost property brokerage brand, supported by the Times Group and Reliance Group led by Anil Ambani, has posted <strong>revenue growth<\/strong> of <strong>50%<\/strong> for <strong>Q3 FY19-20<\/strong>, posting revenues of <strong>Rs. 79.6 crore<\/strong>. In the same period for the last fiscal, Square Yards achieved revenues of <strong>Rs. 52.9 crore.\u00a0<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">GTV (Gross Transactions Value) increased by approximately 33% to touch Rs. 1,591.2 crore in the period between October and December, 2019. In this period, real estate operations in India accounted for 65% of overall revenues while international business accounted for 24% of revenues. Around 11% of revenues came from the company\u2019s mortgage division.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Square Yards has already acquired <strong>Azuro<\/strong>, the rental platform based in Mumbai, as part of its expansion blueprint sometime earlier. In September last year, Square Yards raised a sum of around $25 million or roughly Rs. 175 crore via preferential issue of equity shares to investors which include the Times Group. The company has raised approximately $50 million in equity and more than $25 million in debt financing ever since it was founded in the year 2014.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Anil Ambani spearheaded Reliance Group\u2019s private equity division invested a sum of $12 million in Square Yards back in November 2016. The Gurugram based company achieved revenues of Rs. 220 crore for FY2018-19.\u00a0<\/span><\/p>\n<p>Published Date: 17 February 2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square Yards, India\u2019s foremost property brokerage brand, supported by the Times Group and Reliance Group led by Anil Ambani, has posted revenue growth of 50% for Q3 FY19-20, posting revenues of Rs. 79.6 crore. In the same period for the last fiscal, Square Yards achieved revenues of Rs. 52.9 crore.\u00a0 GTV (Gross Transactions Value) increased [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":18926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[234],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/18921"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=18921"}],"version-history":[{"count":5,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/18921\/revisions"}],"predecessor-version":[{"id":27010,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/18921\/revisions\/27010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/18926"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=18921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=18921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}