The company’s net profit for the first quarter stood at Rs 0.07 billion as against loss of Rs 0.07 billion in Q1 FY24. For the quarter, the Company achieved pre-sales of Rs 31.2 billion in Q1 FY25 with year on year growth of 255%.
Collections for Q1 FY25 rose 102% to Rs 12.1 billioncompared to the Rs 6 billion in Q1FY24. Company’s net debt reduced to Rs 9.8 billion at the end of Q1 FY25 compared to Rs 11.6 billion at end of FY24.
“In the first quarter itself, we have achieved 30% of annual pre-sales target. We are planning to launch few projects over coming quarters and this is likely to boost our operational targets,” said Pradeep Kumar Aggarwal, Chairman and Whole-Time Director.
Founded in Gurugram in 2014, Signature Global commands a 36% market share in Gurugram’s affordable and mid-housing sector.The company has so far delivered 11 million sq. ft. of housing area and boasts a robust pipeline of approximately 32.2 million sq. ft. of saleable area in forthcoming projects along with 16.4 million sq. ft. of ongoing projects, set for execution over the next 2-3 years.In FY24, Signature Global achieved sales bookings of Rs 72.7 billion and reported a sales CAGR of 62% from FY21 to FY24. The company projects sales of Rs 100 billion in FY25 and Rs 38 billion of revenue recognition
