Signature Global Q1 FY25 Revenue Grows 135% YoY

Signature Global, a prominent real estate development company in India, reported a revenue growth of 135 per cent year-over-year (YoY) to Rs 4 billion for the first quarter of FY25, up from Rs 1.7 billion in Q1 FY24.

The company's net profit for Q1 FY25 stood at Rs 0.07 billion, reversing a loss of Rs 0.07 billion in the same period last year.

Pre-sales for the quarter soared by 255 per cent to Rs 31.2 billion, while collections increased by 102 per cent to Rs 12.1 billion, compared to Rs 6 billion in Q1 FY24. Signature Global also reduced its net debt to Rs 9.8 billion at the end of Q1 FY25, down from Rs 11.6 billion at the end of FY24.

Signature Global reported robust financial performance for Q1 FY25, with revenue from operations surging 135 per cent YoY to Rs 4.0 billion compared to Rs 1.7 billion in Q1 FY24, though it marked a 42 per cent decline from Rs 6.9 billion in Q4 FY24.

The adjusted gross profit margin stood at 28 per cent, a decrease from 34 per cent in Q1 FY24 but an improvement from 25 per cent in Q4 FY24. The adjusted Ebitda margin increased to 13 per cent from 10 per cent in Q1 FY24, maintaining the same level as Q4 FY24, and up from 11 per cent for FY24.

"Continuing with the momentum achieved in FY24, the Company reported another stellar performance for the first quarter of FY25. Our operational performance is a testimony to our steadfast commitment to delivering quality products and services to our customers, ensuring sustainable profitability and long-term value for all stakeholders. In the first quarter alone, we have achieved 30 per cent of our annual pre-sales target. We are planning to launch several projects in the coming quarters, which is likely to boost our operational targets," said Mr. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global.

Signature Global is a leading real estate development company reshaping the housing market in northern India. Initially established as a key player in affordable housing, the company is expanding into the mid-housing segment with a strong emphasis on quality execution, value creation, reliability, and adherence to global standards. Founded in Gurugram in 2014, Signature Global commands a 36 per cent market share in Gurugram's affordable and mid-housing sector.