Gurugram-based proptech firm Square Yards reported robust FY26 performance, with revenue rising 48% year-on-year to ₹2,086 crore, driven by strong momentum across real estate brokerage, fintech, and property services. The company said the March quarter was its best yet, and guided for revenue growth of over 40% in FY27 amid sustained housing demand.
Profitability strengthens with operating leverage
Operating performance improved significantly in FY26. EBITDA rose to ₹176 crore, up 3.7 times from ₹48 crore in FY25, marking a third consecutive year of positive operating earnings. EBITDA margin expanded to 8% from 3% a year earlier, with management targeting double-digit margins in FY27. Gross profit stood at ₹476 crore, while gross margin remained stable at 23%, indicating disciplined cost control alongside scale.
Domestic market leads; overseas contribution builds
India contributed 88% of revenue in FY26, growing 57% year-on-year, led by Bengaluru, Mumbai, Delhi-NCR, Pune, and Hyderabad. International operations, including the GCC, accounted for 12% of revenue but 21% of Gross Transaction Value (GTV), underscoring higher average ticket sizes and a growing offshore footprint.
Fintech and services expand the ecosystem
Urban Money, Square Yards’ fintech platform, disbursed ₹87,831 crore in loans during FY26, with mortgages forming the bulk of originations. On the real estate side, the company enabled over 2.73 lakh customer acquisitions and processed property transactions worth ₹13,236 crore, taking cumulative transaction value to about ₹70,000 crore.
The firm also scaled its interiors and property management verticals, completing designs for 1,840 homes and overseeing 3,719 managed properties. The diversified portfolio across brokerage, credit, interiors, and asset management positions Square Yards to capture end-to-end demand in India’s formalising housing market while deepening presence in select global hubs.
