Signature Global a prominent player in India's real estate sector, has announced robust financial results for the first quarter of FY25 despite challenges in the market. The company reported a significant growth in pre-sales, collections, and a notable reduction in net debt.
In Q1 FY25, Signature Global achieved pre-sales of INR 31.2 billion, marking a remarkable 255% increase compared to the same period last year. This achievement underscores the company's strong market presence and customer demand, with over 30% of its full-year pre-sales target of INR 100 billion already accomplished.
Also Read: Signature Global sells over 1,000 luxury apartments in Gurugram for Rs 3,600 crore
Collections during the quarter surged by 102% year-on-year, reaching INR 12.1 billion, reflecting efficient cash flow management and robust sales realization of INR 15,369 per square foot. The company's strategic focus on the premium housing segment has also been fruitful, evident from the successful launch of two group housing projects in Gurugram, which received a positive market response.
Moreover, Signature Global managed to reduce its net debt by 16%, bringing it down to INR 9.8 billion from INR 11.6 billion at the end of FY24. This reduction in debt highlights the company's prudent financial management amidst a challenging economic environment.
Commenting on the performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global, emphasized the company's commitment to sustained growth and customer trust. He expressed confidence in surpassing their ambitious pre-sales target for FY25 and reiterated the company's strategic vision to deliver excellence in the real estate sector.
Founded in Gurugram in 2014, Signature Global has established itself as a leader in affordable and mid-housing segments in northern India. With a disciplined land acquisition strategy and strong investor backing, the company continues to expand its portfolio and deliver quality projects that meet global standards of excellence.
Looking ahead, Signature Global remains optimistic about its future prospects, supported by a robust pipeline of upcoming and ongoing projects totaling approximately 48.6 million square feet. The company aims to sustain its growth momentum and uphold its position as a trusted name in the Indian real estate market.
Also Read: Mcap of 8 of top-10 most-valued firms jumps Rs 1.83 lakh cr; TCS, Infosys biggest gainers
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
