The company’s net profit for the quarter was Rs 0.07 crore, as opposed to a loss of Rs 0.07 crore in Q1FY24. During the quarter, the company achieved pre-sales of Rs 31.2 crore in Q1FY25, registering a growth of 255% YoY.
Collections in Q1FY25 increased 102% to Rs 12.1 billion from Rs 6.0 billion in Q1FY24. The company’s net debt declined to Rs 9.8 billion at the end of Q1FY25 from Rs 11.6 billion at the end of FY24.
“In the first quarter alone, we have achieved 30 per cent of our full-year pre-sales target. We have several projects planned to be launched over the next few quarters, which are expected to boost our business targets,” said Pradeep Kumar Agarwal, chairman and whole-time director.
Founded in Gurugram in 2014, Signature Global commands a 36% market share in the affordable and mid-priced housing sector in Gurugram. The company has delivered 11 million sq ft of residential area so far and boasts of a strong pipeline of around 32.2 million sq ft of area available for sale in upcoming projects and 16.4 million sq ft of ongoing projects scheduled for execution in the next 2-3 years. In FY24, Signature Global achieved revenue recognition of INR 72.7 billion and reported a revenue CAGR of 62% from FY21 to FY24. The company expects revenue recognition of INR 100 billion in FY25 and revenue recognition of INR 38 billion.
