{"id":878842,"date":"2024-09-06T16:12:28","date_gmt":"2024-09-06T10:42:28","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=878842"},"modified":"2024-09-06T16:12:28","modified_gmt":"2024-09-06T10:42:28","slug":"square-yards-records-52-percentage-year-on-year-growth-q1-fy25-revenue-amounts-to-rs-261-crore","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/square-yards-records-52-percentage-year-on-year-growth-q1-fy25-revenue-amounts-to-rs-261-crore","title":{"rendered":"Square Yards Records 52% Year-on-Year Growth, Q1 FY25 Revenue Amounts to \u20b9261 Crore"},"content":{"rendered":"

Square Yards, India\u2019s largest integrated real estate platform, has reported a 52% year-on-year revenue increase in Q1 FY25. The company\u2019s revenue from operations amounted to \u20b9261 crore for the first quarter of the ongoing financial year. This result signifies over 50% year-on-year growth for the 12th time in the past 13 quarters. Emphasising Q1\u2019s contributions to the overall business, Tanuj Shori<\/strong>, the founder and CEO of Square Yards, remarked, \u201c<\/span>Q1 has consistently contributed 16-18% of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of \u20b91,506 crore (USD 180 million)<\/span><\/i>.\u201d The UAE-based company\u2019s revenue for FY24 was \u20b91,004 crore.<\/span><\/p>\n

Gross Profit for the first quarter of Q1 FY25 stood at \u20b9 25 crore, recording a 66% increase and an 80 basis point improvement.\u00a0 \u201c<\/span>We anticipate maintaining gross margins above 25% and EBITDA margins around 7% at the corporate level. Overall, we have been on track for over 50% growth this fiscal year, targeting revenue that reflects a robust four-year CAGR of 50%. More importantly, we expect to remain EBITDA and operating cash flow positive throughout the year.<\/span><\/i>\u201d<\/span><\/p>\n

The real estate platform\u2019s Gross Transaction Value (GTV) also registered a 51% year-on-year increase for Q1 FY25. In addition, a 40% growth in its order books reflects steady and speedy business growth. The real estate giant continued its successful run from the last year:<\/span><\/p>\n\n\n\n\n\n\n\n
Parameter<\/b><\/td>\nQ1 FY25\u00a0<\/b><\/td>\nQ1 FY 24<\/b><\/td>\n<\/tr>\n
Total Revenue<\/span><\/td>\n\u20b9 261 Crore<\/span><\/td>\n\u20b9 172 Crore<\/span><\/td>\n<\/tr>\n
Gross Profit<\/span><\/td>\n\u20b9 25 Crore<\/span><\/td>\n\u20b9 15 Crore<\/span><\/td>\n<\/tr>\n
Gross Transaction Value<\/span><\/td>\n\u20b9 10,053 crore<\/span><\/td>\n\u20b9 6,674 crore<\/span><\/td>\n<\/tr>\n
EBITDA Margin\u00a0<\/span><\/td>\n\u20b9 32 crore (negative)<\/span><\/td>\n\u20b9 29 crore (negative)\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Sector Wise Development<\/h2>\n

The company\u2019s real estate services grew by 48%, financial services by 61% and digital services by 145% on a Y-o-Y basis. Urban Money, the company\u2019s financial arm, continues to be its leading performer. Economic and real estate services amounted to roughly 90% of the company\u2019s revenue. Square Yards\u2019 Total Group Revenues amounted to $31 million, of which 83% were contributions from India ($26 million). India’s business further recorded a 49% growth, reaching \u20b9217 crore.\u00a0<\/span><\/p>\n

Order bookings for Square Yards also increased by 33%. The company’s strong performance across multiple sectors has positioned it for stable and consistent future growth. In addition to its revenue growth, the proptech company is committed to achieving EBITDA positivity and generating positive operating cash flow.<\/span><\/p>\n

About Square Yards<\/h2>\n

Square Yards<\/a> is India\u2019s largest integrated platform for Real Estate and Mortgages. Its unified real estate services include property search, interiors, home loans, property management, rentals, and more. Square Yards is also one of the world\u2019s fastest-growing proptech brands. The company has successfully used Data Analytics and VR Tools to offer distinguished customer services. Intending to revolutionise the real estate market, Square Yards aims to build India\u2019s first MLS system.\u00a0<\/span><\/p>\n

Presently, the company is in 9 countries and over 100 Indian cities. It features monthly traffic of over 8 million and an Annual Gross Transaction Value of more than $5 billion. Some of its other B2C subsidiaries include Square Capital, Interior Company, Azuro, PropVR and PropsAMC.<\/span><\/p>\n

Read more through the links below to uncover the key trends and market leaders driving this growth:<\/p>\n

The Economic Times<\/strong> – https:\/\/bit.ly\/3ZawZa7
Business Standard<\/strong> – https:\/\/bit.ly\/3AXprgI
Entrackr<\/strong> – https:\/\/bit.ly\/3XuaJqD
Rediff.com<\/strong> – https:\/\/bit.ly\/4cQtGrC
Devdiscourse<\/strong> – https:\/\/bit.ly\/3Z8athY<\/p>\n

\n

Published Date<\/strong>: 28 Aug, 2024<\/p>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

Square Yards, India\u2019s largest integrated real estate platform, has reported a 52% year-on-year revenue increase in Q1 FY25. The company\u2019s revenue from operations amounted to \u20b9261 crore for the first quarter of the ongoing financial year. This result signifies over 50% year-on-year growth for the 12th time in the past 13 quarters. Emphasising Q1\u2019s contributions […]<\/p>\n","protected":false},"author":110,"featured_media":878844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[234],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/878842"}],"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\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=878842"}],"version-history":[{"count":2,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/878842\/revisions"}],"predecessor-version":[{"id":878846,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/878842\/revisions\/878846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/878844"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=878842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=878842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}