Signature Global Reports Record-Breaking Half-Year Pre-Sales of INR 59.0 Billion
Signature Global, one of India’s leading real estate development companies, has announced its best-ever half-year pre-sales with a staggering amount of INR 59.0 billion in H1FY25. This impressive figure represents a remarkable 217% growth year-on-year. With such exceptional performance, the company has already accomplished 59% of its sales target of INR 100 billion for the fiscal year 2025.
Success Driven by Mid-Income Housing and Group Projects
The outstanding pre-sales performance can be attributed to the successful launch of a mid-income housing project in Sohna, South Gurugram, and a large group housing project on SPR Road, Gurugram. These projects have evidently struck a chord with buyers who seek high-quality housing options within a reasonable price range.
Impressive Q2FY25 Pre-Sales Despite Seasonal Period
Even during the “Shradhh” period, which is traditionally associated with slower sales, Signature Global managed to achieve remarkable results. The company reported Q2 FY25 pre-sales amounting to INR 27.8 billion, showcasing a significant 184% increase compared to Q2 FY24.
Growth in Collections and Financial Status
Not only have Signature Global’s pre-sales been stellar, but their collections in H1 FY25 have also registered a considerable growth of 60% to INR 21.3 billion. Additionally, the company’s net debt stood at INR 10.2 billion at the end of H1 FY25, showcasing better financial stability compared to INR 11.6 billion at the end of FY24.
Chairman’s Remark on Record-Breaking Performance
Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global, expressed both his humility and enthusiasm for the company’s operational growth. He attributes the success to his team’s commitment to efficiency and strategic expansion, as well as their investments in innovation. Aggarwal confidently states that the company will maintain this momentum and continue to build on their shared achievements.
He further emphasizes the company’s resilience in the face of market fluctuations, highlighting the strength of their business model and their adaptability to changing industry dynamics. Looking ahead, Signature Global remains dedicated to enhancing shareholder value and driving sustainable growth. The company’s focus on premium and mid-housing projects, strategic land acquisitions, and new customer-centric initiatives proves their commitment to staying ahead of the curve. With their current accomplishments and strategic positioning, Signature Global aims to further solidify its leadership position in the real estate sector while seizing emerging opportunities.
