• Average Pre-Sales realisation for 9M FY25 significantly grew to INR 12,565 per sq. ft. compared to INR 11,762 per sq. ft. in FY24
• Collections for 9M FY25 increased 54% to INR 32.1 billion, with Q3 FY25 collections at INR 10.8 billion
• The company’s net debt was reduced to INR 7.2 billion at the end of 9M FY25, reduced from INR 11.6 billion in FY24
New Delhi, January 07, 2025: 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 9M FY25 pre-sales with INR 86.7 billion, reflecting an impressive 178% growth year-on-year. With these pre-sales’ performances, the company has achieved 87% of its sales guidance of INR 100 billion for FY25. A significant portion of the pre-sales during 9MFY25 recorded from the successful launch of ‘Daxin Vistas,’ a mid-income housing project in Sohna; ‘Titanium SPR’ and ‘Twin Tower DXP,’ premium group housing projects in Gurugram; and ‘City of Colors,’ a plotted development project, strategically located on NH-48.
The 9M FY25 collections amounted to INR 32.1 billion, a 54% increase against 9M FY24, The Company’s collections in Q3 FY25 recorded at INR 10.8 billion, the best ever till now. Net debt reduced to INR 7.2 billion in 9M FY25 in comparison to INR 11.6 billion at the end of FY24 reflects strong operating surplus and liquidity of company.
Below are the operational highlights for the quarter ended December 31, 2024. INR (in Billion)
|
Particulars |
Q3FY25 | Q3FY24 | Q2FY25 | YoY(%) | QoQ(%) |
9MFY25 |
9MFY24 |
9Mo9M (%) |
FY24 |
|
Pre-sales |
27.7 | 12.6 | 27.8 | 120% | 0% | 86.7 | 31.2 | 178% | 72.7 |
|
-No. of units |
1,518 | 1,179 | 1,053 | 29% | 44% | 3,539 | 3,135 | 13% | 4,619 |
|
-Area (mn.Sq.ft.) |
2.49 | 1.31 | 2.38 | 90% | 5% | 6.90 | 3.20 | 116% | 6.18 |
|
Collections |
10.8 | 7.7 | 9.2 | 40% | 17% | 32.1 | 20.9 | 54% | 31.1 |
|
Net Debt |
7.2 |
|
7.2 |
|
11.6 | ||||
Commenting on the company’s performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole- Time Director, said ” This performance reflects the consistent efforts of our team and the trust of our customers. By aligning our strategy with market trends and focusing on delivering value through premium and mid-range housing, we have reached another important milestone.
The strong demand during the festive season underscores the appeal of our carefully designed projects. Moving forward, we remain committed to refining our offerings to meet the evolving needs of homebuyers. With this momentum, Signature Global is well-positioned to seize new opportunities, reinforce its market presence, and continue creating lasting value for our stakeholders”
Corporate Comm India (CCI Newswire)
