Signature Global Books Rs 59 B ($694 M) in H1FY25 Pre-sales

New Delhi, November 8, 2024: Real estate developer Signature Global reported pre-sales of Rs 59 billion (USD 694 Million) in H1FY25 and 184% YoY to Rs 27.8 billion (USD 327 Million) in Q2FY25. During H1’FY25, strong pre-sales performance was driven by the successful launch of Group housing project Titanium SPR for Rs 30 billion (USD 352 Million) and Township projects DAXIN Vistas on Sohna Corridor for Rs 23 billion (USD 270 Million).

The Company’s collections grew by 60% to Rs 21.3 billion (USD 250 Million) in H1FY25. Along with the spike in pre-sales, the company also registered a growth in revenue of 342% YoY to INR 11.5 billion (USD 135 Million) for H1FY25, on account of completion of more projects which have started reflecting in the P&L account and is expected to further strengthen the financial statements.

Net debt was reduced to Rs 10.1 billion (USD 118 Million) at the end of H1FY25 in comparison to Rs 11.6 billion (USD 136 Million) at the end of FY24.

Signature Global reported strong operational performance in the second quarter of FY25, with revenue from operations surging 650% year-on-year to Rs 7.5 billion (USD 88 Million). The company also swung to a profit after tax of Rs 0.04 billion, compared to a loss of Rs 0.20 billion in the same period last year. Adjusted EBITDA margin improved to 10% from 2% in the previous year. For the first half of FY25, revenue from operations totaled Rs 11.5 billion (USD 135 Million), up 342% year-on-year, and profit after tax stood at Rs 0.11 billion, compared to a loss of Rs 0.27 billion in the same period last year.

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

Commenting on the company’s performance, Mr Pradeep Kumar Aggarwal, Chairman and  Whole- Time Director, said, “The real estate market in the Delhi NCR region, particularly in Gurugram, continues to exhibit solid fundamentals, supported by resilient end-user demand, positive market sentiment, and significant infrastructure development. The strong response to our recent launches in Gurugram underscores the rising demand for quality homes within thoughtfully planned communities.

Looking ahead, we remain focused on enhancing operational efficiency, strengthening our financial foundation, and delivering sustained value for all stakeholders. With Gurugram’s expanding infrastructure and ongoing urbanization across the NCR, we see promising opportunities for established developers to meet evolving housing needs while maintaining a disciplined financial approach.”