May 23, 2025 |
Signature Global Lines Up ₹1,200–1,500 Crore to Acquire Land in FY6
Signature Global exceeded its FY25 pre-sales guidance by clocking ₹2,290 crore, up from the projected ₹2,000 crore. It now plans to launch projects worth ₹17,000 crore in FY26 across key micro-markets.
Gurugram-based Signature global (India) has earmarked ₹1,200–₹1,500 crore for land acquisition in the current financial year, with plans to continue its dominance in Gurugram while actively scouting for opportunities in Noida and Delhi.
“Our primary allocation remains Gurugram, with nearly ₹1,000 crore set aside for it,” said Pradeep Kumar Aggarwal, chairman and whole-time director of the company. “But we’re equally keen on expanding into Noida and Delhi, should the right land parcels become available.”
In FY25, the company invested around ₹1,070 crore to acquire 7.9 million sq ft, replenishing its land bank in line with its “factory model” of selling and restocking development rights annually.
Pre-sales beat guidance; ₹17,000-crore launches planned
Signature Global exceeded its pre-sales guidance for FY25 by clocking ₹10,290 crore—up 42% year-on-year. Sales volume rose to 8.3 million sq ft from 6.2 million sq ft. It now plans to launch projects worth ₹17,000 crore in FY26 across key micro-markets:
- Sohna, focused on mid-income housing (₹2 crore average ticket size)
- Sector 37D, Dwarka Expressway, catering to upper mid-income (₹2.5–3 crore)
- Southern Peripheral Road, targeting the premium segment (₹3.5–4.5 crore)
The company’s strategy remains focused on the ₹2–4.5 crore average ticket size — a space it believes is underserved by most branded players in NCR. “Our average ticket size remains between ₹2.5–3 crore. This continues to differentiate us in a market where others often operate at ₹5 crore and above,” said Aggarwal.
Revenue doubles, margins expand
Total revenue for FY25 stood at ₹2,500 crore, more than doubling from ₹1,240 crore in the previous year. Revenue from mid-income housing jumped to ₹1,870 crore, while affordable housing contributed ₹560 crore.
Gross profit rose to ₹750 crore with margins improving to 30.6%, up from 27.6% in FY24. Adjusted EBITDA rose to ₹360 crore (14.4%), and profit after tax surged to ₹100 crore from ₹20 crore a year ago, reflecting stronger completions and margin accretive products. Operating margins also improved, with gross profit margin rising from 28% in FY24 to 31% in FY25.
Collections see sharp jump
Signature Global reported a 41% year-on-year growth in collections, rising from ₹3,100 crore in FY24 to approximately ₹4,400 crore in FY25. Revenue recognition almost doubled from ₹1,200 crore to ₹2,480 crore. Operating surplus witnessed a 79% jump, increasing from ₹900 crore last year to ₹1,600 crore this fiscal.
The company is targeting ₹6,000 crore in collections and ₹4,800 crore in revenue recognition for FY26.
The company also reported a sales realization of ₹12,457 per sq ft, up from ₹11,762 last year, aided by price appreciation across markets.
Zero-debt target in sight
Net debt fell to ₹880 crore at the end of FY25 from ₹1,160 crore a year ago. Signature Global aims to bring its net debt down to zero by the end of the financial year.
“With healthy collections and controlled land spends, our goal is to become debt-free this year. With a 0.54x net debt-to-operating surplus ratio, we’re in a comfortable position and targeting a debt-free balance sheet,” said Aggarwal.
Source : ET Realty
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