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Real estate consultancy firm Square Yards recorded a 48 per cent year-on-year increase in revenue to INR 2,086 crore in the last financial year, supported by higher brokerage income from property transactions and growth in its mortgage business. The Gurugram-based firm stated that India contributed 88 per cent of total revenue, with overseas operations accounting for the remainder. Gross profit rose to INR 476 crore, while adjusted EBITDA reached INR 176 crore. The company facilitated property sales worth INR 13,236 crore and enabled loan disbursals of INR 87,831 crore, with home loans forming a majority share. The performance reflects sustained expansion across brokerage, fintech, and ancillary services.
Square Yards reported in the past week that its revenue rose 48 per cent year-on-year to INR 2,086 crore in the last financial year, driven by higher brokerage income from property sales and growth in its mortgage and fintech verticals, with India accounting for the majority of its business operations. Advertisement
The Gurugram-based real estate consultancy stated that its revenue stood at INR 1,410 crore in the preceding financial year. Of the total revenue recorded in the latest fiscal, 88 per cent was contributed by the India business, while the remaining 12 per cent came from its overseas operations.
The company’s profitability metrics also showed an upward trend during the period. Gross profit increased 49 per cent to INR 476 crore from INR 321 crore in the previous year. Adjusted EBITDA rose to INR 176 crore, compared with INR 49 crore a year earlier, indicating improved operating performance alongside revenue growth.
On the transaction side, Square Yards facilitated property sales worth INR 13,236 crore during the last financial year, reflecting its continued presence in primary and secondary residential markets. The firm also expanded its footprint in the mortgage and fintech segment, enabling loan disbursals amounting to INR 87,831 crore over the same period.
Within the lending portfolio, home loans accounted for 86 per cent of the total disbursals, while the remaining 14 per cent comprised non-mortgage loans, including personal and business loans. This segment has emerged as a key contributor to the company’s revenue mix, complementing its brokerage-led income streams.
Founder and Chief Executive Officer Tanuj Shori indicated that the company is currently operating at a stage characterised by scale, growth, and improving profitability. He suggested that network effects within the company’s ecosystem and operating leverage have contributed to what he described as its strongest operational phase to date. He also noted that despite the scale achieved, the firm continues to operate at a relatively low single-digit market share, leaving scope for sustained expansion over the coming years.
The company highlighted its longer-term growth trajectory, stating that revenue has increased from INR 246 crore in 2020–21 to INR 2,086 crore in the latest financial year, reflecting a five-year compound annual growth rate of 53 per cent.
In addition to brokerage and mortgage services, Square Yards has diversified into property management and interior design, positioning itself as an integrated platform across multiple segments of the residential real estate value chain.
Source - PTI
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