New Delhi, March 3 Real estate firm Square Yards has reported a 47 per cent growth in its revenue to Rs 525.7 crore for the quarter ended December.
Gurugram-based Square Yards, which is involved in the brokerage of housing properties and home loans, had posted a revenue of Rs 357.3 crore in the year-ago period.
During the first nine months of this fiscal, Square Yards reported a 45 per cent increase in revenue to Rs 1,358.9 crore from Rs 934.9 crore in the corresponding period of the previous year.
In a statement on Tuesday, Tanuj Shori, Founder & CEO of Square Yards, said: "We expect Q4 to remain healthy and are confident in achieving the FY revenue forecast of over Rs 2,000 crore, with high single-digit EBITDA margins for FY. Growth in market share for the Indian real estate and improvements in financial services margins will remain key drivers as we look to enter FY27 with strong fundamentals across these large categories."
Out of the total revenue, Square Yards said that India's business contributed 87 per cent, while the Gulf countries' share was 10 per cent. The remaining came from other countries.
Square Yards said its financial services vertical, 'Urban Money', is driving growth.
In the third quarter, financial services led the growth with a 72 per cent annual increase. The Fintech platform, Urban Money, is aiming to close the year with gross transaction value of around USD 9 billion.
