Signature Global, a leading real estate developer in Delhi-NCR, has achieved record half-year pre-sales of INR 59.0 billion in H1 FY25, reflecting a remarkable 217% year-on-year growth. This performance already covers 59% of the company's sales target for the fiscal year. Key factors contributing to this success include the launch of new mid-income housing and group housing projects in Gurugram. The company's collections also rose by 60%, while net debt decreased, underscoring a strong financial position. Chairman Pradeep Kumar Aggarwal expressed optimism about the company's future, emphasising innovation and strategic initiatives.
Signature Global, a prominent player in India's real estate sector with a strong presence in Delhi-NCR, has reported its best-ever half-year pre-sales, reaching INR 59.0 billion in H1 FY25. This impressive figure reflects a remarkable growth of 217% year-on-year. With this performance, the company has already achieved 59% of its sales target of INR 100 billion for FY25. The surge in pre-sales can be attributed to the successful launch of a mid-income housing project in Sohna, South Gurugram, as well as a large group housing project on SPR Road, Gurugram. Notably, pre-sales during Q2 FY25 amounted to INR 27.8 billion, marking a 184% increase compared to Q2 FY24, despite the traditionally quieter 'Shradhh' period.
In terms of financial performance, the company's collections for H1 FY25 grew by 60%, reaching INR 21.3 billion. At the end of H1 FY25, net debt was reported at INR 10.2 billion, a decrease from INR 11.6 billion at the close of FY24. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, expressed his feelings of both humility and elation regarding the company's operational growth, attributing it to the team's commitment to efficiency and careful expansion. He conveyed excitement about the company's investments in innovation, which are strengthening its position in the market. Aggarwal noted that the firm is confident in sustaining this momentum and building on its achievements.
He further stated that the resilience shown in the face of market fluctuations highlights the robustness of their business model and adaptability to changing industry dynamics. As Signature Global continues to reach new heights, the focus remains on enhancing shareholder value and promoting sustainable growth. The strategy involves prioritising premium and mid-housing projects, making strategic land acquisitions, and introducing new customer-centric initiatives to ensure the company stays ahead of the curve. With these plans in place, Signature Global is well-positioned to capitalise on emerging opportunities and reinforce its leadership in the sector.
In conclusion, with impressive pre-sales figures and a strong focus on innovation and strategic growth, Signature Global is well-positioned to continue its leadership in the real estate sector. The company's commitment to delivering premium and mid-housing projects, along with its resilience in a fluctuating market, reinforces its ability to capture emerging opportunities and enhance shareholder value moving forward.
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