Signatureglobal Financial Performance: Q2 FY25 Growth

New Delhi, November 9, 2024: Signatureglobal (India) has announced a robust financial performance for the quarter ended September 30, 2024. The company reported a net consolidated profit after tax (PAT) of Rs 4.15 crore, a remarkable recovery from the loss of Rs 19.92 crore in the same period last year. This growth highlights the company’s strategic efforts toward strengthening its financial position.

Key Highlights of Signatureglobal Financial Performance:

• Consolidated Income Growth: Signatureglobal’s net consolidated total income surged to Rs 777.42 crore in Q2 FY25, compared to Rs 121.16 crore in the same quarter last year. This remarkable growth underscores the strong momentum in Signatureglobal’s financial performance.
• Pre-Sales Surge: A key indicator of Signatureglobal’s thriving business is the surge in pre-sales, which grew by an extraordinary 217% year-on-year to reach Rs 59 billion for H1 FY25. In Q2 FY25 alone, pre-sales grew by 184%, reaching Rs 27.8 billion, further strengthening the company’s overall financial performance.
• Collections Growth: Signatureglobal saw a 60% year-on-year growth in collections for H1 FY25, totaling Rs 21.3 billion. In Q2 FY25, collections grew by 28%, reaching Rs 9.2 billion, demonstrating the company’s ability to generate steady cash flows and further contributing to its strong financial performance.
• Debt Reduction: Another key element of Signatureglobal’s financial performance was its success in reducing net debt. The company lowered its net debt to Rs 10.1 billion by the end of H1 FY25, a significant improvement from Rs 11.6 billion at the close of FY24, signaling enhanced financial stability.

Conclusion:

Signatureglobal’s impressive Q2 FY25 results reflect the company’s strong position within the real estate sector, driven by remarkable growth in pre-sales, collections, and a reduction in debt. The positive Signatureglobal financial performance positions well for sustained growth in the coming quarters. This performance is a testament to the company’s robust strategy and commitment to creating long-term value in the Indian real estate market.

Signatureglobal’s strong financial performance continues to underline its market leadership and growth potential in India’s competitive real estate sector.

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