Signature Global Achieves 59% of FY25 Sales Target in First Half

New Delhi / October 8, 2024: Signature Global has achieved its highest-ever half-year pre-sales of Rs 59 billion in H1FY25, surpassing the previous year’s figure by 217%. This strong performance has already brought the company to 59% of its annual sales target of Rs 100 billion for FY25. The company’s success was driven by the successful launch of a mid-income housing project in Sohna, South Gurugram, and a large group housing project on SPR Road, Gurugram. Even during the “Shradhh” period, Signature Global recorded pre-sales of Rs 27.8 billion in Q2FY25, a remarkable 184% increase compared to the same quarter in the previous fiscal year, a statement from the company said.   

The Company’s collections in H1 FY25 grew by 60% to Rs 21.3 billion. Net debt stood at Rs 10.2 billion at the end of H1 FY25 in comparison to Rs 11.6 billion as at the end of FY24, the statement added. 

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

Commenting on the company’s performance, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said ” We feel both humbled and elated by our operational growth, which is the result of our team’s commitment to efficiency and thoughtful expansion. We’re also excited about how our investments in innovation are making us stronger. As we move forward, we’re confident in maintaining this momentum and building on our shared achievements.

Our resilience in the face of market fluctuations underscores the strength of our business model and our ability to adapt to evolving industry dynamics. As we scale new heights, we remain dedicated to enhancing shareholder value and driving sustainable growth. Our focus on premium and mid-housing projects, strategic land acquisitions, and the introduction of new customer-centric initiatives will ensure we stay ahead of the curve. We are well-positioned to seize emerging opportunities and further reinforce Signature Global’s leadership in the sector.”