Square Yards Reports Rs 378 Cr Revenue, Swings to EBITDA Profitability in Q1 FY26
Square Yards, the Gurugram-based integrated real estate and mortgage platform, has announced a 45% year-on-year increase in revenue and achieved EBITDA profitability for the quarter ending June 2025.
Square YardsReal EstateEbitdaIpoRevenue GrowthReal EstateAug 25, 2025
The company’s revenue from operations grew 45% to Rs 378 crore in Q1 FY26 from Rs 260 crore in Q1 FY25, according to the company’s press release.
Square Yards is a proptech platform that provides end-to-end real estate services, including property discovery, buying and selling, mortgage assistance, home furnishing, rentals, and property management. The platform operates in more than 100 cities across nine countries, as per the release.
Revenue contributions rose across real estate, financial services, and home renovation segments, while digital products saw a decline. Notably, financial services surged 60% year-on-year, followed by 36% growth in real estate and 21% in home renovations.
Square Yards facilitated 55,771 transactions with a Gross Transaction Value (GTV) of Rs 18,480 crore during the quarter. Revenue from India contributed Rs 340 crore, marking a 57% year-on-year growth.
The improved operating leverage helped Square Yards record its first-ever profitable quarter. Gross profit nearly tripled to Rs 70 crore in Q1 FY26 from Rs 24 crore in the same period last year, with margins improving to 18% from 9%. Segmental EBITDA stood at Rs 38.2 crore with a 10% margin, while overall EBITDA turned positive at Rs 4.4 crore against a loss of Rs 33.7 crore a year ago.
“We are delighted to deliver our strongest-ever first quarter performance, marking a historic milestone for Square Yards. With revenue growing 45% year-on-year and gross profit nearly tripling, this quarter reflects the strength of our operating model,” said Tanuj Shori, Founder and CEO of Square Yards.
As per sources, Square Yards is eyeing to raise Rs 2,000 crore through an initial public offering (IPO) at a valuation of $1.5–2 billion. The firm is likely to file its Draft Red Herring Prospectus (DRHP) during the current financial year.
Frequently Asked Questions
What is Square Yards?
Square Yards is a Gurugram-based integrated real estate and mortgage platform that provides end-to-end real estate services, including property discovery, buying and selling, mortgage assistance, home furnishing, rentals, and property management.
What was Square Yards' revenue growth in Q1 FY26?
Square Yards reported a 45% year-on-year rise in revenue, growing from Rs 260 crore in Q1 FY25 to Rs 378 crore in Q1 FY26.
How did Square Yards perform in terms of EBITDA?
Square Yards achieved its first-ever profitable quarter with an overall EBITDA of Rs 4.4 crore, compared to a loss of Rs 33.7 crore in the same period last year.
What sectors contributed to Square Yards' revenue growth?
Revenue contributions rose across real estate, financial services, and home renovation segments. Financial services saw a 60% year-on-year growth, followed by 36% growth in real estate and 21% in home renovations.
What are Square Yards' future plans?
Square Yards is planning to raise Rs 2,000 crore through an initial public offering (IPO) at a valuation of $1.5–2 billion. The firm is likely to file its Draft Red Herring Prospectus (DRHP) during the current financial year.
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