Square Yards Reports 43% Revenue Growth and Fourth Consecutive Profitable Quarter
Square Yards achieved its fourth consecutive profitable quarter in Q2FY26. Revenue grew 43% year-over-year to ₹455.50 crore for Q2FY26 and 44% to ₹833.20 crore for H1FY26. The company turned EBITDA positive, reporting ₹23.00 crore for H1FY26 compared to a ₹49.00 crore loss in H1FY25. Financial Services contributed 60% of total revenue in H1FY26, while the India Business grew 53% year-over-year, accounting for 85% of overall revenue. Gross Transaction Value grew 75% YoY, Gross Profit increased 72% YoY, and Gross Margin improved by 320 basis points to 19% in Q2FY26. The company's trailing 12-month revenue exceeded $200 million with EBITDA over $13 million, and a four-year Revenue CAGR of 55%.
*this image is generated using AI for illustrative purposes only.
Square Yards, a prominent player in the Indian real estate and financial services sector, has reported impressive financial results for Q2FY26, marking its fourth consecutive profitable quarter. The company's performance highlights significant growth across various financial metrics.
Strong Revenue Growth
Square Yards has demonstrated robust revenue growth, both for the quarter and the first half of the fiscal year:
| Period | Revenue | Year-over-Year Growth |
|---|---|---|
| Q2FY26 | ₹455.50 crore | 43% |
| H1FY26 | ₹833.20 crore | 44% |
Profitability and Financial Performance
The company's financial performance shows a marked improvement in profitability:
- EBITDA for H1FY26: ₹23.00 crore
- EBITDA for H1FY25: ₹49.00 crore loss
This turnaround in EBITDA underscores Square Yards' successful efforts in achieving profitability.
Business Segment Performance
Square Yards' business segments have shown varying contributions to the overall revenue:
- Financial Services: Contributed 60% of total revenue in H1FY26
- India Business:
- Grew by 53% year-over-year
- Now accounts for 85% of overall revenue
Key Financial Metrics for Q2FY26
| Metric | Performance |
|---|---|
| Gross Transaction Value Growth | 75% YoY |
| Gross Profit Growth | 72% YoY |
| Gross Margin Improvement | 320 basis points (to 19%) |
Long-term Performance Indicators
Square Yards has also achieved significant milestones in its long-term financial performance:
- Trailing 12-month Revenue: Exceeded $200 million
- Trailing 12-month EBITDA: Over $13 million
- Four-year Revenue CAGR: 55%
These results demonstrate Square Yards' consistent growth trajectory and improving financial health. The company's ability to maintain profitability for four consecutive quarters, coupled with strong revenue growth across its business segments, indicates a robust business model and effective execution of its strategies.
The significant contribution from the financial services segment and the substantial growth in the India business highlight the company's successful diversification and strong market position in its home country. The improvement in gross margins also suggests enhanced operational efficiency.
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