Signature Global Q1FY25 Revenue Grows 135% YoY to Rs 4 bn, Collections up 102% YoY at Rs 12.1 bn

New Delhi, August 7, 2024:  Signature Global reported revenue growth of 135% to Rs 4 billion compared to Rs 1.7 billion in Q1 FY24. 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 billion compared 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 INR 11.6 billion at end of FY24.

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

Commenting on the company’s performance, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said “Continuing with the momentum achieved in FY24, the Company reported another stellar performance for the first quarter of FY25. Our operational performance is a testimony of our steadfast commitment to delivering quality products & services to our customers ensuring sustainable profitability and long-term value for all stakeholders. 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.”