Did Square Yards' total expenses jump 32% to Rs 1,613 crore in FY25?
Click to start listening
Synopsis
Square Yards experienced a substantial increase in expenses, reaching Rs 1,613 crore in FY25. While costs rose due to employee wages and commission payouts, the firm also achieved impressive revenue growth, surpassing Rs 1,400 crore for the first time. This article delves into the financial dynamics of the real estate marketplace, highlighting key performance metrics.
Key Takeaways
- Total expenses of Square Yards rose by 32.21% to Rs 1,613 crore in FY25.
- Employee costs accounted for 38% of total expenses, increasing to Rs 618 crore.
- Commissions surged from Rs 330 crore to Rs 556 crore.
- Operating revenue grew 41% to Rs 1,410 crore.
- Gross profit reached Rs 316 crore, with a 52% increase.
Mumbai, May 19 (NationPress) The total expenses of the real estate marketplace Square Yards witnessed a significant increase of over 32.21%, reaching Rs 1,613 crore in FY25, compared to Rs 1,220 crore in FY24, as revealed by its financial statements.
This surge was primarily attributed to escalating employee costs, increased commission payouts, and rising finance costs, as detailed in the company’s provisional financial report.
The largest expense category was employee benefit expenses, constituting nearly 38% of total expenditures.
These costs saw a rise of 15%, climbing from Rs 535 crore in FY24 to Rs 618 crore in FY25.
In addition, the company significantly increased its spending on commissions, which soared from Rs 330 crore to Rs 556 crore.
Finance costs also escalated from Rs 154 crore to Rs 201 crore, while other operational expenses experienced a slight uptick from Rs 141 crore to Rs 159 crore.
Despite these rising costs, the Gurugram-based firm achieved robust revenue growth.
Operating revenue surged by 41% to reach Rs 1,410 crore in FY25, up from Rs 1,001 crore the previous year.
This marked the first time the company surpassed the Rs 1,400 crore revenue threshold, largely driven by its core operations in mortgages and real estate services, which accounted for 90% of its income.
The remaining 10% of revenue was derived from digital and interior products. Square Yards also reported a gross profit of Rs 316 crore in FY25, reflecting a 52% increase from Rs 208 crore in FY24, with a gross margin of 22%.
The company achieved a positive EBITDA of Rs 46 crore during the year, maintaining positive operating cash flow.
Moreover, the company's gross transaction value (GTV) saw remarkable growth, climbing over 44% to Rs 59,093 crore in FY25, up from Rs 40,828 crore in FY24.
Square Yards executed 1.86 lakh transactions throughout the year across various real estate and mortgage services.
Point of View
Square Yards' substantial rise in expenses juxtaposed with its impressive revenue growth reflects the dynamic and competitive nature of the real estate market. As the company navigates these financial challenges, it remains a crucial player in the industry, demonstrating resilience and adaptability in a rapidly evolving landscape.
NationPress
09/06/2025
Frequently Asked Questions
What caused Square Yards' expense increase?
Square Yards' expenses rose primarily due to higher employee costs, increased commission payouts, and rising finance costs.
How much did Square Yards' revenue grow in FY25?
Square Yards' operating revenue grew by 41% to Rs 1,410 crore in FY25.
What is the gross profit reported by Square Yards?
Square Yards reported a gross profit of Rs 316 crore in FY25, up 52% from Rs 208 crore in FY24.
What is the gross transaction value (GTV) for FY25?
The gross transaction value for Square Yards in FY25 was Rs 59,093 crore, reflecting a growth of over 44%.
How many transactions did Square Yards handle in FY25?
Square Yards executed 1.86 lakh transactions across various real estate and mortgage services in FY25.
