Square Yards reports 52% YoY growth in Q1 FY25, hits Rs 261 crore revenue

economictimes.indiatimes.com:

revenue of Rs 261 crore (USD 31 million), a 52% year-over-year (YoY) increase in Q1 FY25.

This is the 12th quarter out of the last 13 where the firm has delivered over 50% YoY growth.

“Q1 has consistently contributed 16-18% of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of Rs 1,506 crore (USD 180 million)”, said Tanuj Shori, Founder and CEO, Square Yards.
Square Yards reported a 51% year-on-year (YoY) increase in Gross Transaction Value (GTV) for Q1 FY25, largely driven by exceptional performance in financial services. The company’s order book also grew by approximately 40% during this period.
“We anticipate maintaining gross margins above 25% and EBITDA margins around 7% at the corporate level. Overall, we remain on track for over 50% growth this fiscal year, targeting revenue that reflects a robust four-year CAGR of 50%. More importantly, we expect to remain EBITDA and operating cash flow positive throughout the year,” said Shori.
Gross profit for Q1 surged by 66% YoY, accompanied by an 80 basis points improvement in the gross profit margin.

Real estate services grew by 48%, financial services surged by 61%, and digital services saw 145% YoY increase.