Square Yards Q1 Gross Profit Up 66% to Rs 25 Cr
Aug 28, 2024 19:44
Square Yards, a real estate brokerage firm, reported a 66% increase in gross profit to Rs 25 crore in the June quarter of FY25, driven by higher income. Revenue also rose 52% to Rs 261 crore.
New Delhi, Aug 28 (PTI) Square Yards, which is mainly into housing and home loan brokerage business, has reported 66 per cent increase in gross profit at Rs 25 crore for June quarter FY25 on higher income.
Its gross profit stood at Rs 15 crore in the year-ago period.
Total revenue rose 52 per cent to Rs 261 crore as against Rs 172 crore in the year-ago period.
Out of the total revenue, the turnover of India business grew 49 per cent to Rs 217 crore. The company also has presence in Dubai market.
"Q1 has consistently contributed 16-18 per cent of our overall revenue, and based on this trend, we project revenue for FY25 to align with our forecast of Rs 1,506 crore (USD 180 million)," stated Tanuj Shori, Founder and CEO, Square Yards.
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