News
Square Yards’ FY21 revenue Rs 350 cr; up by 17 per cent
Integrated real estate platform Square Yards declared its full financial year FY21 results on May 10 with Rs 350 core revenue, up 17 per cent Y-o-Y and EBITDA of Rs 50 crore. The Gross Transaction Value (GTV) stood at Rs 8112 crore, up 33 per cent Y-o-Y, said a press release.
The company, it said, registered its sixth consecutive profitable quarter in Q4, clocking revenue of Rs 123 crore, a 47 pc Y-o-Y increase for the quarter with Rs 15.2 crore in EBITDA margins. Annualising last quarter in dollar terms, Square Yards is now clocking $70mn revenue and $10mn EBITDA run rate.
The release further said Indian real estate operations contributed 50 pc to the overall revenue while 41 pc came from international business and rest 9 pc from mortgage business.
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