Financial services contributed 60% of total revenue in the first half of the year, while the PropTech business is expected to accelerate in the second half, supported by seasonal recovery and new product launches.
The Indian business, driven by the fintech segment, grew 53% year-on-year and now contributes 85% of total revenue.
“This is Square Yards’ fourth consecutive profitable quarter, with twelve-month revenues exceeding $200 million and EBITDA exceeding $13 million. The company’s best-performing season is still ahead (H2), and our four-year revenue CAGR is an impressive 55%. These improvements in margins are the result of greater scale and improved productivity, aided by the various technology and non-tech initiatives implemented over the past 18 months taken,” said Tanuj. Shori, founder and CEO of Square Yards.
Square Yards reported strong 75% year-on-year (YoY) growth in gross transaction value (GTV) for the second quarter of FY26, mainly driven by continued momentum in the real estate and financial services segments. The company’s revenue grew 43% year-on-year, reflecting continued business expansion, while gross profit rose sharply by 72% year-on-year, supported by a 320 basis point improvement in gross margin to 19%. Revenue growth across key segments remained robust in the second quarter of FY26. The company’s total revenue increased 43% year-on-year, driven by strong momentum across its business lines. The Indian operations led this growth with a 53% year-on-year increase in sales, continuing to account for a dominant share of the company’s performance. Financial services remained a key growth driver, supported by healthy growth in real estate services and digital initiatives. India’s corporate sector (led by fintech) outgrew overall growth (53% year-on-year) and accounts for 85% of the total pie.
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