On July 7, 2024, Signature Global, a leading real estate developer in India known for its strong presence in Delhi-NCR, reported impressive results for Q1 FY25. They achieved pre-sales of ₹31.2 billion, marking a 255% year-on-year growth.
This represents over 30% of their full-year FY25 pre-sales target of ₹100 billion. Signature Global has successfully expanded into the premium housing market and launched two major housing projects in Gurugram, both receiving excellent customer response in recent quarters.
Additionally, Signature Global’s collections in Q1 FY25 grew by 102% to ₹12.1 billion. They also reduced their net debt significantly by 16%, from ₹11.6 billion at the end of FY24 to ₹9.8 billion at the end of Q1 FY25.
| Particulars | Q1FY25 | Q1FY24 | YoY (%) | Q4FY24 | QoQ (%) | FY24 |
| Pre-Sales (₹ billion) | 31.2 | 8.8 | 255% | 41.4 | -25% | 72.7 |
| No. of Units | 968 | 894 | 8% | 1,484 | -35% | 4,619 |
| Area sold (mln sq. ft) | 2.03 | 0.91 | 123% | 2.98 | -32% | 6.18 |
| Collections (₹ billion) | 12.1 | 6 | 102% | 10.1 | 20% | 31.1 |
| Sales Realization (per sq. ft.) | 15,369 | – | – | – | – | 11,762 |
| Net Debt (₹ billion) | 9.8 | – | – | – | – | 11.6 |
Mr Pradeep Kumar Aggarwal, Chairman and WholeTime Director, Commenting on the company’s performance, said, “Signature Global continues to ride a high growth trajectory, showcasing robust pre-sales and collection figures for the third consecutive quarter. We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving ₹100 billion in pre-sales. Remarkably, we have already surpassed 30% of this target in the first quarter alone.”
He further added, “Our second successful launch in the premium segment stands as a testament to our capabilities and our dedication to delivering excellence. We are committed to ensuring that the trust of our valued customers remains steadfast as we continue to innovate and expand our offerings. Our performance thus far underscores our strategic vision and the effectiveness of our growth initiatives, reinforcing our position in the industry.”
Established in Gurugram in 2014 by experienced professionals, it holds a 36% market share in Gurugram’s affordable and mid-housing sectors. Backed by Nomura, HDFC, IFC, Standard Chartered, Bandhan MF, and Kotak, Signature Global emphasises quality execution, value creation, and adherence to global standards.
On July 8, 2024, Signatureglobal (India) Ltd’s share price opened at ₹1,549.00, touching the day’s high of ₹1,559.80 as of 12:52 PM on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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