Square Yards Reports Strong Financial Growth
Proptech platform Square Yards has crossed ₹2,000 crore in revenue in FY26, reaching ₹2,086 crore, marking a 48% year-on-year growth.
The company has demonstrated consistent expansion, achieving over 8X revenue growth in the last five years, from ₹246 crore in FY21.
Profitability Improves Significantly
Alongside revenue growth, Square Yards has reported strong improvement in profitability.
Key Financial Highlights:
- EBITDA: ₹176 crore (up 3.7X from ₹48 crore in FY25)
- EBITDA margin: 8% (up from 3% in FY25)
- Third consecutive year of positive EBITDA
This indicates improving operational efficiency and stronger business fundamentals.
India Remains Core Growth Driver
India continues to be the primary market for Square Yards.
- India revenue contribution: 88%
- Year-on-year growth in India: 57%
International markets, including the GCC region, contributed the remaining 12%.
Strong Operational Performance
During FY26, Square Yards reported:
- 2,73,643 customer acquisitions
- Real estate transactions worth ₹13,236 crore
- Total cumulative transaction value reaching ₹70,000 crore
These numbers highlight strong demand and platform scalability.
Stable Margins and Unit Economics
The company reported:
- Gross profit: ₹476 crore
- Gross margin: 23%
Despite rapid growth, margins remained stable, indicating consistent unit economics.
Growth of Fintech Arm: Urban Money
Square Yards’ fintech vertical Urban Money also showed strong performance.
Key Highlights:
- Loan disbursals in FY26: ₹87,831 crore
- Total disbursals to date: ₹2,15,000 crore
Loan Mix:
- Mortgages: 86%
- Other loans (business, personal, etc.): 14%
This diversification strengthens the company’s overall business model.
Expansion into Adjacent Segments
Square Yards is also expanding beyond core real estate transactions.
Additional Business Areas:
- 1,840 homes designed in FY26
- 3,719 homes under management
- 2,783 rental transactions
This reflects the company’s push toward becoming a full-stack real estate platform.
City-Wise Performance
Top contributing cities to real estate GTV:
- Bengaluru: 30%
- Mumbai: 19%
- Delhi NCR: 11%
- Pune: 10%
- Hyderabad: 6%
International markets contributed 21% of total GTV.
Strong Quarterly Momentum
The company reported its highest growth in Q4 FY26:
- Revenue growth: 53% year-on-year
This provides a strong foundation heading into the next financial year.
Future Outlook
Square Yards expects:
- 40%+ revenue growth in FY27
- Expansion to double-digit EBITDA margins
This outlook reflects continued confidence in both domestic and international markets.
Final Thoughts
Square Yards’ FY26 performance highlights strong growth, improving profitability, and successful diversification across real estate and fintech.
With consistent revenue expansion, stable margins, and increasing operational scale, the company is positioning itself as a leading player in India’s proptech ecosystem.
As the real estate sector continues to digitize, platforms like Square Yards are likely to play a key role in shaping the future of property transactions and services.
