Square Yards Achieves Substantial 48% Growth in Revenue Driven by Property and Loan Services

Square Yards, a real estate consultancy, reported a 48% revenue growth last fiscal year, reaching Rs 2,086 crore. The rise was attributed to brokerage income from property sales and home loans, driven primarily by the Indian market. Gross profit increased significantly alongside operations in mortgage and fintech sectors.

Square Yards, a leading real estate consultancy firm, has announced a remarkable 48% annual revenue growth, totaling Rs 2,086 crore last fiscal. This boost came primarily from improved brokerage income linked to property and home loan sales, with India's market contributing substantially to the growth.

The Gurugram-based company stated that 88% of its revenue was generated domestically, while 12% stemmed from international operations. Gross profit surged by 49% to Rs 476 crore, coupled with a significant rise in adjusted EBITDA.

Moreover, Square Yards facilitated property sales worth Rs 13,236 crore. In the mortgage and fintech sector, it managed Rs 87,831 crore in loan disbursements, predominantly in home loans. The company's impressive performance marks the best operational phase, according to CEO Tanuj Shori.