Square Yards Achieves 41% Revenue Surge Fueled by Housing Demand
Square Yards has reported a significant 41% increase in revenue, reaching Rs 1,410 crore, largely from increased brokerage on housing sales and home loans. In India, the company's income rose by 47%, with gross profit increasing by 52%. Square Yards is a leading Proptech player in India and Dubai.
- Country:
- India
Square Yards, a property consultancy firm, has announced a remarkable 41% increase in its revenue, totaling Rs 1,410 crore for the last fiscal year. This surge is primarily driven by a rise in brokerage income from housing sales and home loans.
The company's India operations witnessed a 47% revenue rise to Rs 1,163 crore, compared to Rs 790 crore in the previous fiscal year. Additionally, gross profit jumped 52% to Rs 316 crore from Rs 208 crore.
Tanuj Shori, Founder and CEO, emphasized the company's position as a leading Proptech platform, surpassing competitors in size and influence across India and Dubai markets.
(With inputs from agencies.)
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