Square Yards ” FY21 turnover up 17 pc to Rs 349 cr
Its turnover was Rs 298.2 crore in 2019-20.
Indian real estate operations contributed 50% of overall revenue, while 41% came from international trade and 9% from mortgage business, Square Yards said in a statement.
Gross profit rose 57% to Rs 139.9 crore in 2020-2021 from Rs 88.9 crore the previous year.
Gross Transaction Value (GTV) amounted to Rs 8112 crore in the last fiscal year, up 33% from 2019-20.
Tanuj Shori, Founder and CEO of Square Yards, said: “This year has been a landmark year for us where we have been able to outperform the real estate industry by over 70% and gain substantial market share with high margins. Double-digit EBITDA.
All of the new business segments have started to show strong traction, he said.
NCR-based Square Yards has so far raised $ 50 million in equity and over $ 25 million in debt financing since its inception in 2014. PTI MJH ANU ANU
Warning :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI