IGI Logo

Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, achieved pre-sales of INR 31.2 billion in Q1 FY25 with year on year growth of 255%. More than 30% of the FY25 guidance of INR 100 billion in pre-sales was achieved in Q1 FY25. The company has successfully entered the premium housing market and launched two group housing projects in Gurugram, both receiving an overwhelming response, during the last two quarters.

The Company’s collections in Q1 FY25 grew by 102% to INR 12.1 billion. Net debt reduced significantly by 16% to INR 9.8 billion at the end of Q1 FY25 in comparison to INR 11.6 billion as at the end of FY24.

Below are the operational highlights for the first quarter ended June 30, 2024.

Commenting on the company’s performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, 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 INR 100 billion in pre-sales. Remarkably, in the first quarter alone, we have already surpassed 30% of this target.

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.”

Above views are of the author and not of the website kindly read disclaimer