Square Yards's gross profit jumps 14% to Rs 32 cr for Q1FY22
Noida: Property brokerage house Square Yards announced its gross profit jumped 14 percent to Rs 32 crore for the first quarter of the current fiscal as compared to the same period of last fiscal. The revenues of the company jumped 50 percent to Rs 101 crore for the first quarter of the current fiscal.
The Gross Transaction Value (GTV) jumped 79 percent to Rs 2,197 crore in the first quarter of the ongoing fiscal as compared to Rs 1,229 crore in the previous fiscal, the company said in a statement.
Tanuj Shori, Founder and CEO, Square Yards said, “We had a phenomenal start to the year, with very strong growth metrics along with a solid profitability profile. We will continue to make investments in ramping up our distribution capacity and building blocks of new business segments like home interiors, rentals & SaaS".