Square Yards Delivers Strong Q2 FY26 with 43% Revenue Growth; EBITDA Margins Up 1,000 BPS YoY

New Delhi, November 3, 2025: Integrated real estate platform Square Yards has announced its Q2 FY26 results, reporting an impressive revenue of INR 455.5 crore, a 43 per cent year-over-year (YoY) increase. For the first half of the year (Apr – Sep 25), the revenue jumped to INR 833.2 crore up by Rs 44 per cent YOY with EBITDA at INR 23 crore as against INR 49cr loss in the same period last year. Year on Year incremental revenue jump of INR 260 crore has been backed by an EBITDA jump of INR 72crpre, highlighting significant incremental margins and operating leverage curve.

Q2 FY26 Highlights

• Financial services contributed 60 per cent of total revenue in H1, while PropTech arm is expected to accelerate in H2, supported by seasonality recovery and new product launches.
• The India business, driven by the fintech segment, grew 53 per cent year-on-year and now contributes 85 per cent of overall revenue, reinforcing its dominant position.
• Q2 gross profit rose 72 per cent YoY with a 320+ bps margin improvement, while EBITDA improved from INR -18 crore to INR +19 crore. Segmental EBITDA margins stood at 11 per cent, driven by tech and productivity initiatives.

“The results mark Square Yards’ fourth profitable quarter in a row, with trailing 12-month revenue surpassing $200 million and EBITDA over USD 13 million. The company’s best performing season is still ahead (H2), and our four-year revenue CAGR stands at an impressive 55 per cent. These improvements in margins have come on the back of higher scale and improved productivity aided by the various tech and non-tech initiatives taken over the last 18 months,” stated Tanuj Shori, Founder and CEO, Square Yards. Highlighting the company’s robust outlook for the year, he added, “we expect these improvements to continue in gross margins and EBITDA margins at the corporate level maintaining our historical growth rate of around 40–50 per cent for the full year, supported by healthy margins.”

Square Yards reported a strong 75 per cent year-on-year (YoY) growth in Gross Transaction Value (GTV) for Q2 FY26, primarily driven by continued momentum across its real estate and financial services segments. The company’s revenue grew 43 per cent YoY, reflecting sustained business expansion, while gross profit rose sharply by 72 per cent YoY, supported by a 320-basis points improvement in gross margin to 19 per cent. Additionally, Segmental EBITDA increased by an impressive 255 per cent YoY, underscoring operational efficiency and improved profitability.

Revenue growth across key segments remained robust in Q2 FY26. The company’s overall revenue increased 43 per cent year-on-year, driven by strong momentum across its business lines. India operations led this growth with a 53 per cent YoY rise in revenue, continuing to account for a dominant share of the company’s performance. Financial services remained a key growth engine, supported by healthy traction in real estate services and digital initiatives. India business (led by fintech) outgrew overall growth (53 per cent Y-Y) and accounts for 85 per cent of the overall pie.