Signature Global (India) has posted impressive financial results for H1 FY25, reporting a net consolidated profit of INR 4.15 crore, reversing the loss from the same period last year. The company's total income surged to INR 777.42 crore in Q2 FY25, driven by successful project launches. Pre-sales grew by 217% year-on-year, and collections rose by 60%. The company also reduced its net debt to INR 10.1 billion. Chairman Pradeep Kumar Aggarwal highlighted the strong market fundamentals in Delhi NCR and the company's focus on maintaining operational efficiency and delivering sustained value.
Signature Global (India), one of the leading real estate development companies in India, has reported significant financial growth for the first half of FY25. The company posted a net consolidated profit after tax of INR 4.15 crore for the quarter ending 30 September 2024, reversing a loss after tax of INR 19.92 crore during the same period in the previous fiscal year, according to a filing with the Bombay Stock Exchange (BSE).
The company's net consolidated total income surged to INR 777.42 crore in Q2 FY25, a substantial increase from INR 121.16 crore in the corresponding quarter last year. This growth is largely attributed to the successful launch of major projects, including the Titanium SPR group housing project, valued at INR 30 billion, and township projects like DAXIN Vistas along the Sohna Corridor, worth INR 23 billion.
Signature Global's pre-sales performance has been exceptional, rising by 217% year-on-year to INR 59 billion for H1 FY25, with a 184% increase to INR 27.8 billion in Q2 FY25. The company's collections grew by 60% year-on-year to INR 21.3 billion for the first half of FY25, and by 28% year-on-year to INR 9.2 billion in Q2 FY25. This positive trend was further reflected in a 342% year-on-year increase in revenue, reaching INR 11.5 billion for H1 FY25, driven by the completion of several projects. The company also made progress on its debt reduction efforts, bringing down its net debt to INR 10.1 billion by the end of H1 FY25, compared to INR 11.6 billion at the end of FY24.
Commenting on the company's performance, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, highlighted the strong fundamentals of the real estate market in the Delhi NCR region, particularly in Gurugram. He attributed this to resilient end-user demand, positive market sentiment, and robust infrastructure development. Aggarwal also pointed out that the strong response to recent launches in Gurugram reflects the growing demand for quality homes in well-planned communities.
Looking ahead, he noted that Signature Global remains focused on enhancing operational efficiency, strengthening its financial foundation, and delivering sustained value for stakeholders. He expressed confidence in the continued opportunities for established developers to address the evolving housing needs of the NCR, particularly with the region's expanding infrastructure and ongoing urbanisation.
Signature Global's performance in H1 FY25 reflects robust growth, driven by strong pre-sales, increased collections, and a significant rise in revenue. With successful project launches and strategic debt reduction, the company is well-positioned to capitalise on the expanding real estate market in Delhi NCR. The positive market sentiment and ongoing urbanisation provide further opportunities for established developers like Signature Global to meet evolving housing needs while maintaining a disciplined financial approach.
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