Square Yards Achieves Rs 1,410 Crore Revenue in FY25, Gross Profit Surges 52%

Proptech firm Square Yards has reported a significant financial performance for the fiscal year ending March 2025, with operating revenue reaching Rs 1,410 crore, marking a 41% increase from Rs 1,001 crore in FY24. The company’s gross profit also saw a substantial rise of 52%, totaling Rs 316 crore, up from Rs 208 crore the previous year, resulting in a gross margin of 22%.

The Gurugram-based company, which offers comprehensive real estate services including property transactions, mortgage assistance, and home furnishings, operates in over 100 cities across nine countries, supported by a network of 150,000 agent partners. In FY25, Square Yards facilitated 1.86 lakh transactions, contributing to a Gross Transaction Value (GTV) of Rs 59,093 crore, a 44% increase from Rs 40,828 crore in FY24.

Employee benefits remained the largest expense, accounting for 38% of total costs, increasing by 15% to Rs 618 crore. Despite this, the company reported a positive EBITDA of Rs 46 crore and maintained an operating cash flow positive status. Over the past four years, Square Yards has achieved a compound annual growth rate (CAGR) of 51%. Looking ahead, the company projects revenue of Rs 2,000 crore (approximately $240 million) for FY26.

Square Yards has raised a total of $96.5 million in funding to date, with the Reliance Group holding an 11% stake. The company competes with PropTiger and AnaRock in real estate services, while its digital products and services face competition from Magicbricks, 99acres, Housing, and NoBroker. Its mortgage vertical, Urban Money, competes with Andromeda and Paisabazaar.