Square Yards, India’s largest integrated real estate and mortgage platform, has reported a robust Q1FY26 performance, clocking Rs378 crore in revenue and Rs70 crore in gross profit, marking its first-ever profitable Q1. The company’s gross margins doubled year-over-year to 18%, while EBITDA turned positive at Rs4.4 crore, reflecting a Rs37 crore YoY swing.
Key Q1FY26 Highlights:
- Revenue grew 45% YoY, up from Rs260 crore in Q1FY25
- Gross Profit rose 192% YoY, with margins improving by 900 basis points
- Over 55,771 transactions facilitated
- Gross Transaction Value (GTV) reached Rs18,480 crore, up 84% YoY
- Segmental EBITDA margin stood at 10%
Commenting on the results, Tanuj Shori, Founder and CEO, Square Yards, said:
“We are delighted to deliver our strongest-ever first quarter performance, marking a historic milestone for Square Yards. With revenue growing 45% year-on-year and gross profit nearly tripling, this quarter reflects the strength of our operating model. Achieving profitability in Q1, which is traditionally our weakest season, underscores the resilience of our multi-vertical business and stronger unit economics. Since Q1 historically contributes only a small share of the year, this strong start reinforces our confidence in achieving our ambitious FY26 goals with sustained growth and profitability.”
The company attributed its profitability gains to operational leverage, productivity improvements, and efficiency measures implemented over recent quarters. Revenue increased across all segments except digital products:
- Real estate: up 36% YoY
- Financial services: surged 60%
- Home renovations: rose 21%
New orders grew 47%, supported by strong performance in financial services and real estate verticals. Square Yards continues to scale its multi-vertical platform with a focus on sustained growth, profitability, and operational excellence.
