New Delhi, October, 2024.
Signature Global (BSE:
543990 | NSE: SIGNATURE), amongst the leading
real estate development companies in India with a well-established brand
in Delhi-NCR, has reported its best-ever half-year pre-sales with INR
59.0 billion in H1FY25, reflecting an impressive 217% growth
year-on-year. With these pre-sales’ performance, the company has already
achieved 59% of its sales guidance of INR 100 billion for FY25. These
strong pre-sales performance was driven by the successful launch of a
mid-income housing project in Sohna, South Gurugram, and a large group housing
project on SPR Road, Gurugram. Despite the “Shradhh” period, Q2FY25 pre-sales
amounted to INR 27.8 billion, a 184% increase against the Q2FY 24.
The Company’s
collections in H1 FY25
grew by 60% to INR 21.3 billion. Net debt stood at INR 10.2 billion at the
end of H1 FY25 in comparison to INR 11.6 billion as at the end of FY24.
Below are the operational highlights
for the quarter ended September 30, 2024.
Particulars |
Q2FY25 |
Q2FY24 |
Q1FY25 |
YoY(%) |
QoQ(%) |
H1FY25 |
H1FY24 |
YoY(%) |
FY24 |
Pre-sales |
27.8 |
9.8 |
31.2 |
184% |
(11%) |
59.0 |
18.6 |
217% |
72.7 |
-No.
of units |
1,053 |
1,062 |
968 |
(1%) |
9% |
2021 |
1,956 |
3% |
4,619 |
-Area
(mn.Sq.ft.) |
2.38 |
0.98 |
2.03 |
143% |
17% |
4.41 |
1.90 |
132% |
6.18 |
Collections |
9.2 |
7.2 |
12.1 |
28% |
(24%) |
21.3 |
13.3 |
60% |
31.1 |
Net
Debt |
10.2 |
|
10.2 |
|
11.6 |
Commenting on the company’s performance, Mr. Pradeep Kumar
Aggarwal, Chairman and Whole- Time
Director, said "
We feel both humbled
and elated by our operational growth, which is the result of our team's
commitment to efficiency and thoughtful expansion. We're also excited about how
our investments in innovation are making us stronger. As we move forward, we’re
confident in maintaining this momentum and building on our shared achievements.
Our resilience in the face of market fluctuations underscores the
strength of our business model and our ability to adapt to evolving industry
dynamics. As we scale new heights, we remain dedicated to enhancing shareholder
value and driving sustainable growth. Our focus on premium and mid-housing
projects, strategic land acquisitions, and the introduction of new
customer-centric initiatives will ensure we stay ahead of the curve. We are
well-positioned to seize emerging opportunities and further reinforce Signature
Global’s leadership in the sector.”