Square Yards: Exceptional Growth in FY26
Square Yards has experienced an astonishing growth rate of over 8X in the past five years, with revenue soaring from Rs 246 crore in FY21 to Rs 2,086 crore in FY26, as outlined in the company’s official announcement. This Gurugram-based prop-tech firm reported an impressive 48% year-on-year revenue increase in the recent fiscal year.
Revenue Growth and Profitability
The rise in revenue coincided with an increase in profitability. The firm recorded an EBITDA of Rs 176 crore in FY26, which is 3.7X higher than the Rs 48 crore achieved in FY25. Its EBITDA margin saw a significant boost from 3% in FY25 to 8% in FY26, marking the third consecutive year of positive EBITDA according to the company’s disclosures.
Geographical Performance
India has remained the core growth engine for Square Yards, with revenue from the Indian market increasing by 57% year-on-year, comprising 88% of the total revenue in FY26. International markets including the GCC and other regions contributed to the remaining 12% as highlighted in the press release.
Customer Acquisition and Transaction Volume
On the operational side, Square Yards successfully facilitated 2,73,643 customer acquisitions during FY26. The firm disclosed real estate transactions worth Rs 13,236 crore throughout the year, pushing the cumulative transaction value to Rs 70,000 crore to date.
Gross Profit and Margins
At the gross level, Square Yards reported a gross profit of Rs 476 crore in FY26. The company’s gross margin maintained a steady rate at 23%, reflecting consistency in core unit economics despite the significant revenue increase.
Fintech Operations
The fintech division, Urban Money, also displayed robust growth, disbursing loans valued at Rs 87,831 crore in FY26, which brought its total disbursals to Rs 2,15,000 crore. Mortgages made up 86% of the total loan distribution, while 14% included business loans, personal loans, and other categories.
Expansion in Adjacent Verticals
The firm has broadened its footprint in neighbouring sectors as well, designing 1,840 homes during FY26. In the rental and property management sector, Square Yards managed 3,719 homes, along with completing 2,783 rental transactions throughout the year, according to the press release.
Geographical Breakdown
Bengaluru contributed to 30% of the overall real estate Gross Transaction Value (GTV), followed by Mumbai at 19%, Delhi NCR at 11%, Pune at 10%, and Hyderabad at 6%. International markets accounted for 21% of the total GTV mix.
Quarterly Performance
The firm experienced a substantial momentum in the last quarter of FY26, witnessing a revenue increase of 53% year-on-year. This marked the highest growth quarter of the year, providing a solid foundation for the upcoming fiscal period.
Future Outlook
Square Yards anticipates a revenue growth of over 40% in FY27, along with aspirations for double-digit EBITDA margins based on the company’s strategic outlook.
