Square Yards Achieves ₹2,086 Crore Revenue in FY26 with 48% Growth
Square Yards reports Rs 2,086 crore revenue in FY26, growth of 48% year-over-year
The Economic Times
Image: The Economic Times
Square Yards, a real estate platform, reported a revenue of ₹2,086 crore (approximately $223 million) for FY26, marking a 48% year-over-year growth. The company's EBITDA surged to ₹176 crore, reflecting a significant increase in profitability as it continues to expand its market presence, particularly in India.
- 01Square Yards reported ₹2,086 crore in revenue for FY26, a 48% increase from the previous year.
- 02EBITDA rose to ₹176 crore, with margins increasing from 3% to 8%.
- 03India contributed 88% of total revenue, growing 57% year-over-year.
- 04The company facilitated over 273,643 customer acquisitions in FY26.
- 05Bangalore accounted for 30% of the real estate gross transaction value (GTV).
Advertisement
In-Article Ad
Square Yards, a prominent real estate platform in India, announced a revenue of ₹2,086 crore (approximately $223 million) for the fiscal year 2026, representing a 48% year-over-year growth. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a remarkable increase to ₹176 crore, with EBITDA margins expanding from 3% to 8%. Gross profit also rose to ₹476 crore (about $51 million), maintaining a gross margin of 23% on a larger revenue base. Notably, India accounted for 88% of total revenue, with a 57% growth compared to the overall growth rate. Tanuj Shori, Founder and CEO of Square Yards, highlighted that despite the growth, the company operates at a low single-digit market share, suggesting significant potential for future expansion. The company facilitated over 273,643 customer acquisitions during the year, with Bangalore leading the real estate gross transaction value (GTV) at 30%, followed by Mumbai at 19% and Delhi NCR at 11%. Additionally, Square Yards' fintech arm, Urban Money, reported a total GTV of ₹87,831 crore, with mortgage loans making up 86% of the share.
Advertisement
In-Article Ad
The growth of Square Yards indicates a robust demand in the Indian real estate market, which may lead to more job opportunities and investments in the sector.
Advertisement
In-Article Ad
Reader Poll
Do you think the Indian real estate market will continue to grow in the coming years?
Connecting to poll...
More about Square Yards
Read the original article
Visit the source for the complete story.