Delhi-NCR-based developer Signature Global reported that its collections for the quarter ending March 31, 2025 increased by 16 percent year-on-year to Rs 1,170 crore, while its net profit also improved year-on-year to Rs 61 crore. However, the company's pre-sales for the quarter declined significantly to Rs 1,620 crore, against Rs 4,140 crore in the same quarter last year, as the company reported delayed approvals for some project launches for the quarter.
For FY25, pre-sales increased by 42 percent year-on-year to Rs 10,290 crore, with the average sales realisation of Rs 12,457 per square foot higher than that of last year. Collections for the full year registered a 41 percent year-on-year growth to Rs 4,380 crore, according to an investor presentation.
The company's management noted in a press release that it has crossed key guidance metrics for FY25, due to its focused growth on the premium and mid-market segments.
"We have exceeded the annual targets we established for ourselves, which reflects the ongoing confidence that our stakeholders—homebuyers, channel partners, contractors, and investors—place in us. Our strategic emphasis on premium and mid-income segments, coupled with our capacity to anticipate market trends, has facilitated significant growth. Both pre-sales and collections would have been even higher had we received timely approval for the project launched which was scheduled for Q4FY25, but got pushed out to current quarter," said Pradeep Kumar Aggarwal, chairman and whole-time director of Signature Global.
For FY26, the company has guided launches with gross development potential for Rs 17,000 crore, while its pre-sales target for the year is Rs 12,500 crore, a 20 percent growth over FY25.
On May 16, Signature Global's shares closed nearly 5 percent higher at Rs 1,232 apiece on the National Stock Exchange.
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