Mumbai, May 19 || Real estate marketplace Square Yards’ total expenses rose by over 32.21 per cent to Rs 1,613 crore in FY25, from Rs 1,220 crore in FY24, according to its financials.
The increase was mainly driven by higher employee costs, commission payouts, and finance costs, according to the company’s provisional financial statement.
Employee benefit expenses remained the largest cost head, accounting for nearly 38 per cent of the total spend.
These costs increased by 15 per cent, rising from Rs 535 crore in FY24 to Rs 618 crore in FY25.
The company also spent significantly more on commissions, which jumped from Rs 330 crore to Rs 556 crore.
Finance costs rose from Rs 154 crore to Rs 201 crore, while other operational expenses moved up slightly from Rs 141 crore to Rs 159 crore.
Despite the rise in costs, the Gurugram-based firm managed strong growth on the revenue front.
Operating revenue grew 41 per cent to Rs 1,410 crore in FY25 from Rs 1,001 crore in the previous year.