Square Yards is currently India’s only profitable proptech platform, having generated a revenue of INR 938.4 crores in the first 9 months of the Financial Year 2024-2025. Tanuj Shori, the CEO and founder of the popular real estate firm, recently announced that the company is now on its “2nd consecutive year of profitability and the first year of operating cash flow break-even.” Here are some of the important financial stats for Square Yards FY 2025:
Metric | Value |
Revenue (9 months of FY 2024) | INR 938.4 Crores |
Revenue (3rd Quarter of FY 2025) | INR 358.6 Crores |
Year-on-Year Growth (3rd Quarter of FY 2025) | 45% |
Year-on-Year Growth (9 months of FY 2024) | 46% |
Gross Transaction Value Growth (3rd Quarter of FY 2025) | 54% |
GTV Growth (9 months of FY 2025) | 52% |
Shori also noted, “This achievement would reflect a 55% CAGR over the last 4 years. Additionally, we anticipate operating leverage to continue improving, with the next FY projected to achieve EBITDA margins in the range of 15%.” The company is expecting to close the year with a revenue exceeding USD 170 million. Impressively, the firm’s Gross Transaction Value (GTV) for the quarter experienced a remarkable Y-o-Y jump of 54%, valued at INR 16,271 crores.
The EBITDA for the third quarter of FY 2025 was calculated at INR 22 crores, with gross profits amounting to INR 90 crores. The overall margin was 6%, and the gross margin was 25%. The GTV growth recorded during the first nine months of FY 2025 was 2% less than the stats of the third quarter. Based on the order book, this highlights an impressive 44% year-on-year growth.
The firm’s financial performance will continue to improve over time, driven by a 41% expansion in real estate bookings with a significant 50% rise in home renovation demand. Square Yards' remarkable 58% Y-o-Y growth was also propelled by its fintech platform, Urban Money, which is on track to close the year with a GTV of USD 5.5 billion.
Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.