Source : ET Now News
February 13, 2025 |
Signature Global: Realty Major Reports Strong Pre-sales of Rs 8670 Crore in 9M Fy25; Net Debt Reduced to Rs 740 Crore
Real Estate Market, Signature Global Q3 Results: Realty major Signature Global Limited has achieved its best-ever pre-sales of Rs 8670 crore in the first nine months of the financial year 2024-25, on strong housing demand.
Signature Global Q3 Results: Realty major Signature Global Limited has achieved its best-ever pre-sales of Rs 8670 crore in the first nine months of the financial year 2024-25, on strong housing demand. The Gurgaon-based real estate company also reported 260 per cent revenue growth to Rs 1980 crore in the April-December period of the ongoing fiscal year.
In a release, the realty firm said, “Reports 260% Revenue Growth to INR 19.8 billion in 9M FY25, with Q3 FY25 revenue reaching INR 8.3 billion, up 196% YoY. Achieved best ever pre-sales of INR 86.7 billion in 9MFY25, reflecting 178% YoY growth, with Q3 FY25 pre-sales at INR 27.7 billion.”
Signature Global’s collections also grew to Rs 1080 crore in Q3FY25. Along with the spike in pre-sales, the company also registered revenue growth of 196 per cent YoY to Rs 830 crore for Q3FY25.
Signature Global net debt in Q3FY25
At the end of December 31, 2024, Signature Global’s net debt has been reduced to Rs 740 crore in comparison to Rs 1160 crore at the end of FY24.
Commenting on the development, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said, “Our robust performance in 9M FY25, marked by strong revenue growth and achievement of profitability, reflects the success of our strategic initiatives and execution capabilities. The remarkable pre-sales of INR 86.7 billion, driven by successful launches across segments, demonstrates the strong market acceptance of our products and the growing preference for quality housing in Delhi NCR.”
Aggarwal further noted that the sustained improvement in the company’s financial metrics, including strengthened collections and significant debt reduction, underscores the commitment to maintaining operational excellence while pursuing growth.
“Our strategic presence in high-potential micro-markets along the Dwarka Expressway, Sohna corridor, and Southern Peripheral Road, supported by ongoing infrastructure development, positions us well to capitalize on the evolving market opportunities. As we move forward, we remain focused on maintaining this growth momentum while ensuring value creation for all stakeholders,” he said in a statement.
About Signature Global
Signature Global is one of the leading real estate developers in the country. The company has delivered 13.5 million square feet of housing area and has a strong pipeline of 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years.
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