Proptech platform Square Yards’ expenses surge to over Rs 1,220 crore in FY24 ...Middle East

New Delhi: 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. Additiona

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Last updated : 13 May 2024 clock 09:05 AM

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