News
Square Yards revenue jumps 50 pc in Q1
Square Yards clocked Rs 100.8-crore revenue, up 50 per cent Y-o-Y with positive EBITDA run-rate, according to the Q1, FY22 results declared by the integrated real estate platform on August 5.
A press release said the Gross Transaction Value (GTV) of the company stood at Rs 2197 Crs, up 80 per cent Y-o-Y. The company also recorded an 80 per cent on year jump in property transactions at 3,916 deals during the quarter ending June, it said.
According to the release, Square Yards continued its solid profitability profile with 32 pc gross margins. Its gross margins continue to be in line with global marketplaces (40 pc+) as against agency margins (sub-20 pc), it said.
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