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Square Yards has reported a 47 per cent year-on-year rise in revenue to INR 525.7 crore for the December quarter, driven largely by strong performance in India and growth in its financial services arm, Urban Money. For the first nine months of the current financial year, revenue increased 45 per cent to INR 1,358.9 crore. The company expects to close the year with over INR 2,000 crore in revenue and healthy margins, supported by market share gains in real estate and expansion in financial services.
Real estate brokerage firm Square Yards has recorded a 47 per cent increase in revenue to INR 525.7 crore for the quarter ended December, compared to INR 357.3 crore in the same period last year. Advertisement
The Gurugram-based company operates in housing property brokerage and home loan distribution. In the first nine months of the ongoing financial year, its revenue rose 45 per cent to INR 1,358.9 crore from INR 934.9 crore in the corresponding period of the previous year, reflecting steady growth across segments.
In a statement issued earlier this week, Tanuj Shori, Founder and Chief Executive Officer of Square Yards, said the company expects the fourth quarter to remain healthy and is confident of achieving its full-year revenue forecast of over INR 2,000 crore, with high single-digit EBITDA margins. He added that increasing market share in the Indian real estate segment and improving margins in financial services would remain key growth drivers as the company prepares to enter FY27 with strong fundamentals.
India continued to be the main contributor to overall revenue, accounting for 87 per cent of the total. The Gulf countries contributed 10 per cent, while the remaining revenue came from other international markets. Square Yards has been expanding its presence in overseas markets over the past few years, particularly in the Middle East, to tap cross-border property demand from Indian buyers.
The company said its financial services vertical, Urban Money, has been a major growth driver. During the third quarter, the financial services segment recorded a 72 per cent annual growth, emerging as the fastest-growing business line. The fintech platform Urban Money is targeting to close the financial year with around USD 9 billion in gross transaction value, reflecting strong traction in home loan disbursements and allied financial products.
In recent years, Square Yards has diversified beyond property brokerage to strengthen its integrated real estate and financial services model. The continued scale-up of Urban Money indicates the company's focus on building a technology-led lending distribution platform alongside its core real estate operations.
Source PTI
FAQ
1. How did Square Yards perform in Q3 of the current financial year?
Square Yards reported a 47 percent year-on-year increase in revenue to INR 525.7 crore for the December quarter, compared to INR 357.3 crore in the same period last year. The growth was driven by strong performance in India and expansion in its financial services business.
2. What was the company's performance in the first nine months of the financial year?
During the first nine months, Square Yards recorded a 45 percent rise in revenue to INR 1,358.9 crore, up from INR 934.9 crore in the corresponding period of the previous year. The steady increase reflects growth across its core property brokerage operations and financial services vertical.
3. What is the company's full-year revenue outlook?
The company expects to close the financial year with revenue exceeding INR 2,000 crore and maintain high single-digit EBITDA margins. Management has indicated that market share gains in Indian real estate and improved profitability in financial services will support performance going forward.
4. Which markets contributed most to the revenue?
India remained the primary revenue contributor, accounting for 87 percent of total income. Gulf countries contributed 10 percent, while the remaining share came from other international markets. The company has been expanding its overseas presence, especially in the Middle East, to serve cross-border property demand from Indian buyers.
5. How did the financial services arm perform?
Square Yards fintech platform, Urban Money, recorded 72 percent annual growth during the third quarter, making it the fastest-growing segment of the business. The platform is targeting around USD 9 billion in gross transaction value for the full financial year, reflecting strong traction in home loan distribution and related financial products.
6. What is Square Yards broader business strategy?
In recent years, the company has diversified beyond traditional property brokerage to build an integrated real estate and financial services model. By strengthening its technology-led lending distribution platform through Urban Money, Square Yards aims to improve margins, enhance customer offerings, and enter the next financial year with stronger operational fundamentals.
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