Proptech platform Square Yards` expenses surge to over Rs 1,220 crore in FY24
![](https://portfolio.investmentguruindia.com/uploads/news/squareyards13.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Gurugram-based proptech company Square Yards saw its expenses grow over 25 per cent to Rs 1,220.25 crore in FY24, from Rs 926.68 crore in FY23.
Employee benefits remained the biggest expenditure at 43 per cent of the overall cost.
The employee benefit cost surged 17 per cent to more than Rs 534 crore in FY24 from Rs 456 crore in FY23, according to the company's provisional financial statement for the last fiscal year.
On the revenue side, Square Yards crossed the 1,000 crore mark during the last fiscal year.
The Indian business contributed 79 per cent of its revenue, according to reports.
According to the company, it achieved EBITDA profitability for the full year FY24.
Additionally, the company reached operating cash flow breakeven in H2FY24.
Square Yards' gross transaction value (GTV) increased more than 76 per cent to Rs 40,828 crore in FY24 from Rs 22,871 crore during FY23, according to Entrackr.
Square Yards is an integrated platform for real estate and mortgages that offers a real estate journey from search and discovery, transactions, home loans, rentals, property management, and post-sales services.
It also has a presence in Dubai and some other countries
![](https://portfolio.investmentguruindia.com/uploads/news/Hero Motocorp Ltd 1.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/TVS Motor Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dr Lal Pathlabs ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Sapphire Foods india Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HG Infra Engineering Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Russia30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Equity6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Swiggy30.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Transport Corporation of India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Repco Home Finance.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Swiggy30.jpg)
40 pc jump in quick commerce spending during T20 WC final
![Emphasizing Sustainability, NITI Aayog`s Dr. V K Saraswat Advocates for Steel Slag Utilization as a CSR Activity at PHDCCI`s International Conference](https://portfolio.investmentguruindia.com/uploads/news/Ranjan Dhar, Director and Vice President, ArcelorMittal and Nippon Steel India.jpg)
![Education, Digitization and Policy Reforms key to growing India`s MSME Sector - Experts say in webinar hosted by Infomerics Analytics & Research](https://portfolio.investmentguruindia.com/uploads/news/Manoranjan Sharma, Infomerics Ratings.jpg)
![Government launches eSankhyiki data portal to mark India`s Statistics Day](https://portfolio.investmentguruindia.com/uploads/news/eSankhyiki portal.jpg)