Square Yards reports 45% Y-o-Y increase in revenue during Q1FY26

Integrated real estate and mortgage platform, SquareYards has reported a revenue of Rs 378 crore, 45% increase from Rs 260 crore in Q1FY25 and EBITDA of Rs 4.4 crore on the back of Rs 70 crore gross profit during Q1FY26.

The company reported first ever profitable Q1 on the back of doubling of Gross Margins (Y-Y) to 18% and revenue growth of 45%.

The company facilitated over 55,771 transactions and achieved a Gross Transaction Value (GTV) of Rs 18,480 crore in Q1FY26.


“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,” said Tanuj Shori, Founder and CEO, Square Yards.

In Q1 FY26, Gross Profit rose by 192% year-on-year, with the Gross Profit margin improving by more than 900 basis points to reach 18%.

GTV expanded by 84% year-on-year, supported by robust performance in financial services. New orders grew by around 47% during the period. Revenue increased across all business segments except digital products. Real estate revenue rose 36% year-on-year, financial services surged 60%, and home renovations posted a 21% increase.