India Business Grows 47%; Gross Profit Jumps 52% to ₹316 Crore
New Delhi, May 16: Property consultancy firm Square Yards has announced a robust financial performance for the fiscal year 2024–25. The firm reported a 41% year-on-year increase in revenue, which rose to ₹1,410 crore, primarily driven by stronger brokerage earnings from residential property sales and home loan services.In comparison, the company had reported revenue of ₹1,001 crore in the preceding financial year.
Strong Growth in Domestic Operations
Square Yards’ India operations contributed significantly to the topline, with domestic revenue soaring 47% to ₹1,163 crore in FY25, up from ₹790 crore in FY24. This growth underscores the country's increasing demand for housing and related financial services.Gross Profit Expands Sharply
The company's gross profit increased 52% to ₹316 crore, compared to ₹208 crore in the previous fiscal. The margin expansion reflects the company’s growing efficiency and profitability in its operations.Leadership Commentary
Tanuj Shori, Founder and CEO of Square Yards, commented on the performance, stating:“We have built Square Yards as a well-diversified, asset-light platform to ride the India housing story. Today, we are twice the size of the nearest Proptech player, three times larger than classified platforms, and seven times ahead of the closest brokerage.”
Market Footprint
Square Yards maintains a strong presence in India and Dubai, leveraging cross-border property investment opportunities while continuing to scale its domestic offerings.With this performance, Square Yards continues to cement its position as a leading proptech and brokerage platform in the Indian real estate ecosystem.
