Gurugram-based proptech firm Square Yards reached EBITDA profitability in FY24 and 76% GTV growth in FY24 despite 25% expense increase.
Gurugram-based proptech firm Square Yards saw a 25% increase in expenses to over Rs 1,220 crore in FY24, with employee benefits accounting for 43%. Despite the higher expenses, the company surpassed the 1,000 crore revenue mark in FY23, achieved EBITDA profitability in FY24, and reached operating cash flow breakeven in H2FY24. Square Yards' gross transaction value (GTV) rose 76% to Rs 40,828 crore in FY24.
May 13, 2024
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