Square Yards achieves a 66% year-on-year revenue increase to $66 million in Q1 2027, revealing resilience in its diversified property services platform as it prepares for a potential $300 million public offering.
Square Yards said revenue rose 66% year on year to $66 million, or ₹628 crore, in the first quarter of the 2027 financial year, as the Indian real estate marketplace operator began the year with stronger-than-usual trading activity for a period that is often seasonally quiet. Gross profit climbed 49% to $11 million and EBITDA jumped 357% to $2 million, lifting the margin to 3% from 1% a year earlier.
The company described the result as evidence that its platform is holding up well across a wider property services model that spans marketplace listings, mortgages, interiors, renovations and property management. Most of its business remains in India, but about 10% of revenue now comes from overseas markets.
Square Yards said its FY26 activity included $1.3 billion of housing transactions and $9 billion of loan disbursements, underlining the scale of its fintech arm, Urban Money. The company has also said it expects new consumer-facing services to help improve monetisation next year, while it continues to present itself as an integrated homeownership platform rather than a single-line marketplace.
The latest figures also come against the backdrop of a broader push towards a public listing. The company has previously outlined ambitious FY27 growth targets and, according to reporting by The Economic Times, has been positioned for a potential $250 million to $300 million initial public offering in 2027-28. Square Yards also said it recently launched India’s first native app on ChatGPT, opening access to users in India and abroad.
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