SignatureGlobal Q1 FY25 Financial Results: 255% Growth in Pre-Sales
SignatureGlobal (India) has reported impressive financial results for the first quarter of FY25, achieving pre-sales of ₹31.2 billion, which represents a remarkable year-on-year growth of 255%. This achievement represents over 30% of the company’s ambitious FY25 pre-sales target of ₹100 billion.The company’s collections also saw a significant increase, growing by 102% to ₹12.1 billion in Q1 FY25. Moreover, SignatureGlobal managed to cut its net debt by 16%, reducing it to ₹9.8 billion by the end of Q1 FY25 from ₹11.6 billion at the close of FY24.
Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of SignatureGlobal, expressed his satisfaction with the company’s performance, stating, “This fiscal year, we have set an ambitious target of achieving ₹100 billion in pre-sales. In the first quarter alone, we have already surpassed 30% of this target.” The average sales realization increased to ₹15,369 per square foot in Q1 FY25, up from ₹11,762 per square foot in FY24.However, this figure is expected to normalize with planned launches in the mid-income housing segment later this year.
SignatureGlobal’s strong performance is attributed to its strategic vision and effective growth initiatives, which have reinforced its position in the real estate industry. The company has made a successful foray into the premium housing market, launching two group housing projects in Gurugram, both of which have been met with an enthusiastic response. This robust performance underscores the company’s commitment to delivering excellence and maintaining the trust of its valued customers.
Overall, SignatureGlobal Q1 FY25 financial results highlight its strong growth trajectory, with significant increases in pre-sales, collections, and average sales realization, along with a notable reduction in net debt. The company’s strategic initiatives and successful project launches have positioned it well to achieve its ambitious targets for the fiscal year.
Read more: Housing Prices Surge in NCR and MMR: 49% Increase Over Five Years
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