Square Yards ends FY21 with Rs 350 Cr revenue and Rs 50Cr EBITDA; Q4 revenues up 47% at Rs 123 Cr
by Shrutee K/DNS New Delhi, May , 2021: Square Yards, India’s largest integrated real estate platform today declared its full financial year FY21 results with Rs 350 Cr revenue, up 17% Y-o-Y and EBITDA of Rs 50 Cr. The Gross Transaction Value (GTV) stood at Rs 8112 Crs up 33% Y-o-Y. The company registered its sixth consecutive profitable quarter in Q4 , clocking a revenue of Rs 123 Crore, a 47% Y-o-Y increase for the quarter with Rs 15.2Cr in EBITDA margins. Annualizing last quarter in dollar terms, Square Yards is now clocking USD 70mn revenue and USD 10mn EBITDA run rate. Tanuj Shori, Founder and CEO, Square Yard s said, “ This has been a breakout year for us where we were able to outperform the property industry by more than 70% and win substantial market share with double digit EBITDA margins. All the new business segments have started showing strong traction and we are on track to deliver US$85-90mn revenue in FY22.” India...