Signature Global (BSE: 543990 | NSE: SIGNATURE), a leading real estate developer in India, today announced its highest-ever annual pre-sales of INR 102.9 billion in FY25, registering a robust 42% year-on-year growth, and surpassing its pre-sales guidance. A host of factors including robust demand from the residential segment in NCR, strong customer confidence, timely execution, and successful new launches in Gurugram and adjoining markets contributed to the record pre-sales numbers.
The impressive pre-sales contributed to the company attaining a record annual collection of INR 43.8 billion, reflecting a 41% year-over-year growth. The company has also shown a growth of 79% in the operating cash surplus to INR 16.3 billion in FY25 from INR 9.1 billion in FY24. In addition to this, there is a significant reduction in net debt to INR 8.8 billion at the end of FY25 compared to INR 11.6 billion in FY24. The net debt stands reduced despite the significant investment in Business development, primarily on the back of strong operating cashflows during the year.
The company registered revenue from operations of INR 25 billion during FY25 as compared to INR 12.41 billion, with year-on-year growth of 102%. The increase in revenue recognition is on account of receipt of Occupation certificates (OC) for more projects during the year.
The company’s PAT has increased by 531% to INR 1.01 billion in FY25 from PAT of INR 0.16 billion in FY24. Overall, the company has shown strength in the margin portfolio with adj. Gross profit margin improving to 31% from 28% in FY24, adj EBITDA margin improving to 14% in FY25 from 11% in FY24 and similar improvement in PAT margin to 4.1% from 1.3%. The company has recorded a positive PAT of INR 1.0 billion for the year.
The company’s average sales realization also improved to INR 12,457 per sq. ft. in FY25 from INR 11,762 in FY24.
Commenting on the company’s performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said: “The fiscal year 2024-25 has proven to be exceptionally successful across all facets of our business operations, including pre-sales, revenue, collections, and profit after tax. We have exceeded the annual targets we established for ourselves, which reflects the ongoing confidence that our stakeholders—homebuyers, channel partners, contractors, and investors—place in us. Our strategic emphasis on premium and mid-income segments, coupled with our capacity to anticipate market trends, has facilitated significant growth. Both pre-sales and collections would have been even higher had we received timely approval for the project launched which was scheduled for Q4FY25, but got pushed out to current quarter. As the residential real estate sector in the country remains robust, we are optimistic about achieving double-digit growth in the current financial year. Furthermore, we are dedicated to constructing quality homes and realizing the aspirations of millions.”
Project Highlights
During FY25, the company has launched five new projects including ‘Titanium SPR’ and ‘Twin Tower DXP,’ premium group housing projects in Gurugram; ‘Daxin Vistas,’ a mid-income housing project in Sohna; and ‘City of Colors,’ a plotted development project, strategically located on NH-48 in strategic micro-markets. These projects have a combined gross development value (GDV) of approximately INR 138.1 billion. The company also acquired approximately 48 acres of land including 22.06 acres which were earlier under JDA, for Rs 1,070 crore in Gurugram during the last fiscal to develop residential projects over the next few years. The development potential of land is approximately 7.97 million sq ft.
