Square Yards Q1FY26 Revenue up 45%, Gross Margins Double; EBITDA Swings ₹37 Cr YoY

Gurugram, August 25, 2025: Square Yards reported a revenue of INR 378 crore and EBITDA of INR 4.4 crore on the back of INR 70 crore gross profit in Q1FY26.

With these results, the company saw the first-ever profitable Q1 on the back of a doubling of gross margins (YoY) to 18 per cent and revenue growth of 45 per cent.

The company facilitated over 55,771 transactions and achieved a gross transaction value (GTV) of INR 18,480 crore in Q1FY26.

“We are delighted to deliver our strongest-ever first quarter performance, marking a historic milestone for Square Yards. With revenue growing 45 per cent year-on-year and gross profit nearly tripling, this quarter reflects the strength of our operating model,” said Tanuj Shori, founder and CEO, Square Yards.

“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.”

In Q1 FY26, gross profit rose by 192 per cent YoY with the gross profit margin improving by more than 900 basis points to reach 18 per cent. Overall EBITDA margin turned positive during the quarter while segmental EBITDA margin stood at 10 per cent. The improvement in profitability metrics was primarily driven by higher scale and gains in productivity, reflecting efficiency measures implemented over the past several quarters.

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