Indian real estate development company Signature Global has announced its best-ever 9M FY25 pre-sales, reaching INR 86.7 billion, marking a remarkable 178% year-on-year growth. This milestone is a testament to the company’s success in meeting its sales guidance of INR 100 billion for FY25, with pre-sales now standing at 87%.
Key Highlights of 9M FY25 Performance
The impressive pre-sales can be attributed to the successful launch of several projects, including mid-income housing project ‘Daxin Vistas’ in Sohna, premium group housing projects ‘Titanium SPR’ and ‘Twin Tower DXP’ in Gurugram, and plotted development project ‘City of Colors,’ strategically located on NH-48.
Record Collections and Reduced Net Debt
Somewhat recorded collections in 9M FY25 stood at INR 32.1 billion, showcasing a 54% increase against 9M FY24, while quarterly collections in Q3 FY25 reached INR 10.8 billion, the highest to date. The reduction of net debt to INR 7.2 billion in 9M FY25, down from INR 11.6 billion at the end of FY24, signifies the company’s strong operating surplus and liquidity.
Chairman’s Comment on the Company’s Performance
Commenting on the company’s achievements, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global, expressed his pride in the team’s efforts, as well as the trust placed in the company by its customers. He emphasized the company’s alignment with market trends and its focus on delivering value through premium and mid-range housing, which have contributed to this milestone. The success is also attributed to the appeal of Signature Global’s carefully designed projects, which resonated with homebuyers during the festive season, further solidifying the company’s market presence.
Future Plans and Opportunities
Looking ahead, Signature Global remains committed to refining its offerings to meet the evolving needs of homebuyers. With the momentum gained, the company is poised to seize new opportunities and continue creating value for its stakeholders. This impressive performance reinforces Signature Global’s position as a leading real estate development company in India’s Delhi-NCR region.
