Square Yards Delivers Strong Q2 FY26 with 43 percent Revenue Growth; EBITDA margins up 1000 bps Y-Y

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

Key Q2 FY26 Highlights

  • Financial services contributed 60% 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% year-on-year and now contributes 85% of overall revenue, reinforcing its dominant position.
  • Q2 gross profit rose 72% YoY with a 320+ bps margin improvement, while EBITDA improved from INR -18 crore to INR +19 crore. Segmental EBITDA margins stood at 11%, driven by tech and productivity initiatives.

“The results mark Square Yards’ fourth profitable quarter in a row, with trailing 12-month revenue surpassing USD 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%. 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% for the full year, supported by healthy margins.”

Square Yards reported a strong 75% 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% YoY, reflecting sustained business expansion, while gross profit rose sharply by 72% YoY, supported by a 320-basis points improvement in gross margin to 19%. Additionally, Segmental EBITDA increased by an impressive 255% YoY, underscoring operational efficiency and improved profitability.

Revenue growth across key segments remained robust in Q2 FY26. The company’s overall revenue increased 43% year-on-year, driven by strong momentum across its business lines. India operations led this growth with a 53% 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% Y-Y) and accounts for 85% of the overall pie.

Square Yards’ impressive performance positions it for accelerated, long-term profitable growth and value creation in the coming quarters and beyond. With confidence in its financial outlook for the full fiscal year, the company firm is committed not only to continue driving revenue growth but also to achieving EBITDA positivity and generating positive operating cash flow. The firm’s leading capabilities across the entire value chain, supported by comprehensive end-to- end solutions, deliver substantial value to both consumers and key industry stakeholders. Additionally, Square Yards is well-positioned to capitalize on a large, fragmented market opportunity, poised for significant growth driven by favourable tailwinds.