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Square Yards reported a 45 per cent increase in revenue to INR 378 crore for the June quarter, compared with INR 260 crore in the same period last year. EBITDA reached INR 4.4 crore, and gross profit rose to INR 70 crore. The company facilitated over 55,771 transactions with a Gross Transaction Value of INR 18,480 crore. Revenue growth was seen across real estate brokerage (36 per cent), financial services (60 per cent), and home renovation (21 per cent). CEO Tanuj Shori highlighted that the results demonstrate the strength of the company's operating model and the effectiveness of its diversified business approach.
Square Yards, a company primarily engaged in property brokerage and home loans, recorded a 45 per cent rise in revenue to INR 378 crore for the quarter ending in June, up from INR 260 crore in the same period last year. The company also posted an EBITDA of INR 4.4 crore and a gross profit of INR 70 crore, reflecting a notable improvement in operational profitability. Advertisement
Tanuj Shori, Founder and CEO of Square Yards, mentioned that the quarter demonstrated the strength of the company's operating model, highlighting both the growth in revenue and the near tripling of gross profit.
The company facilitated over 55,771 transactions during this period, achieving a Gross Transaction Value (GTV) of INR 18,480 crore. Breaking down the performance across business segments, revenue from real estate brokerage grew by 36 per cent year-on-year, financial services surged 60 per cent, and home renovation services increased by 21 per cent.
Square Yards growth is underpinned by its diversified business model. While property brokerage forms the core of its operations, the company has steadily expanded its financial services and home renovation verticals, which have contributed significantly to the overall revenue and profit growth. The increase in GTV and the high number of transactions indicate that customer engagement and transaction facilitation remain strong, reflecting the firm's continued focus on efficient operations.
Earlier, Square Yards has steadily grown its footprint in domestic real estate markets, facilitating both residential and commercial transactions. The latest quarter's performance builds on this trajectory, showing that strategic focus on integrated services like home loans and renovations complements its core brokerage business. Analysts note that such diversification not only stabilizes revenue streams but also positions the company to capture higher-value transactions, which is evident from the nearly threefold increase in gross profit.
The company's results also mirror broader trends in India's real estate sector, where the demand for housing, property transactions, and allied services like home loans has been gradually increasing. With the rise in transaction volumes and robust revenue across multiple segments, Square Yards appears well-positioned to strengthen its market share further and continue delivering consistent growth in the coming quarters.
Source PTI
5th Jun, 2025
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