Real Estate Firm Square Yards Records 48% Annual Revenue Growth
Leading real estate consultancy firm Square Yards has announced a significant 48% annual revenue growth, totaling Rs 2,086 crore last fiscal. The remarkable boost can be attributed primarily to improved brokerage income linked to property and home loan sales, with India's market contributing substantially to the growth.
Breakdown of Revenue Growth
- 88% of revenue generated domestically
- 12% of revenue stemmed from international operations
Key Financial Highlights
- Gross profit surged by 49% to Rs 476 crore
- Significant rise in adjusted EBITDA
Notable Achievements
- Facilitated property sales worth Rs 13,236 crore
- Managed Rs 87,831 crore in loan disbursements, predominantly in home loans
The company's impressive performance marks the best operational phase, according to CEO Tanuj Shori.
Quote from CEO Tanuj Shori
"Our performance marks the best operational phase for the company." - Tanuj Shori, CEO