Revenue +48% Y-Y · EBITDA up ~3.7x · margins step up sharply
Revenue
₹2,086 Cr
~$223 Mn
▲ 48% Y-Y
Gross Profit
₹476 Cr
~$51 Mn · Margin 23%
▲ 49% Y-Y · +9 bps
Segmental EBITDA
₹314 Cr
~$34 Mn · Margin 15%
▲ 71% Y-Y · +206 bps
EBITDA
₹176 Cr
~$19 Mn · Margin 8%
▲ 269% Y-Y · +504 bps
FY26 Annual Performance
Revenue growth accelerated to 48% Y-Y, up from 41% in FY25, taking the topline to INR 2,086 Cr (~$223 Mn). The 5-year revenue CAGR now stands at ~53%, with revenue having grown 8.5x from INR 245 Cr in FY21.
EBITDA grew ~3.7x to INR 176 Cr from INR 48 Cr last year, with EBITDA margins expanding from 3% to 8% — a 504 bps jump. The operating leverage Square Yards has been investing toward is clearly playing out across the P&L.
Operating leverage compounds down the P&L: Gross Margin held at 23% on a much larger base, Segmental EBITDA margin expanded 13% → 15% (+206 bps), and EBITDA margin stepped up 3% → 8% (+504 bps).
India remains the engine. India revenue grew 57% Y-Y vs 48% overall, with India now contributing 88% of total revenue. International (GCC + ROW) contributes the balance 12%.
Q4 FY26 capped the year strongly with 53% revenue growth — the strongest quarter of FY26 and a meaningful acceleration from Q4 FY25. The exit-quarter momentum sets up FY27 well, with Square Yards affirming a 40%+ growth forecast along with double-digit EBITDA margins.
Network Effects across the ecosystem
Customers Acquired — 2,73,643 in FY26
Houses Transacted
₹13,236 Cr~$1.6 Bn
FY26
₹70,000 Cr ~$8.4 Bn till date
Loans Disbursed
₹87,831 Cr~$10.5 Bn
FY26
₹2,15,000 Cr ~$25.7 Bn till date
Homes Designed
1,840
FY26 projects
7,000+ delivered till date
Houses Under Management
3,719
2,783 rentals in FY26
Square Yards has cumulatively transacted ~₹13,236 Cr worth houses and helped disburse ~₹87,831 Cr loans through the platform in FY26. That makes Square Yards larger than any real estate developer in India (barring 4), and Urban Money (Fintech Subsidiary) larger than most of the private banks (barring 7).
The strong network effects are now starting to play out — with attachment rate at 55%, 1,840 captive designed homes in FY26, and a growing rental book.
With the launch of new B2C services and new consumer platforms, Square Yards is looking to further augment high-margin monetization streams.
