Scaling Through Integration

Gurugram-based prop-tech giant Square Yards has reported a landmark fiscal year for 2026, crossing the Rs 2,000 crore revenue threshold. The company recorded Rs 2,086 crore in revenue, marking a 48% year-on-year increase and an 8X growth trajectory over the past five years.

Financial Performance Highlights

  • EBITDA Surge: Profitability grew significantly, with EBITDA rising to Rs 176 crore—a 3.7X increase from FY25.
  • Margin Expansion: EBITDA margins reached 8%, up from 3% in the previous year, marking the third consecutive year of positive EBITDA.
  • Consistent Unit Economics: The company maintained a stable 23% gross margin, reporting Rs 476 crore in gross profit.

Operational Traction

Square Yards facilitated 273,643 customer acquisitions in FY26, driving Rs 13,236 crore in real estate transactions. Its fintech arm, Urban Money, continues to serve as a major engine, disbursing Rs 87,831 crore in loans, with mortgages accounting for 86% of the portfolio.

Market Context

India remains the core engine of growth, contributing 88% of total revenue. The company has successfully diversified beyond traditional brokerage into property management and home design, creating a full-stack real estate ecosystem.

Founder Takeaway

Square Yards proves that vertical integration—combining property transactions with fintech lending—is a viable path to scale and profitability in the Indian real estate market. Diversifying into high-margin adjacent services (like property management) allows for better customer lifetime value and long-term sustainability.