Square Yards Achieves Record Growth, Profit Milestone in Q1FY26 Performance

Financial Triumphs

Square Yards has achieved a groundbreaking milestone in Q1FY26, reporting its first profitable first quarter driven by robust growth and record margins—heralding a new era for the integrated real estate and mortgage platform.

Square Yards saw a remarkable rise as its Q1FY26 revenue soared to Rs 378 crore—a 45% year-on-year surge from Rs 260 crore in Q1FY25—with an EBITDA of Rs 4.4 crore and a gross profit of Rs 70 crore. This financial leap was powered by improved gross margins, doubling to 18%, and highlights the company's agile multi-vertical business strategy.

Operational Excellence

The company completed over 55,771 transactions, reaching an impressive Gross Transaction Value (GTV) of Rs 18,480 crore in Q1FY26. CEO Tanuj Shori credits this achievement to resilient operations and strong unit economics, especially in the seasonally challenging first quarter.

Segment Performance

• Gross profit rose by 192% year-on-year, with gross profit margin improving by over 900 basis points.
• Live Events GTV expanded by 84% year-on-year, boosted by strong financial services.
• New orders grew 47% during the period.
• Revenue increased across all segments except digital products.
• Real estate revenue rose 36%, financial services surged 60%, and home renovations grew by 21% year-on-year.