Realty firm Signature Global reported pre-sales at Rs 86.7 billion, a growth of 178% in April-December of FY25 as compared to Rs 31.2 billion in the same period last year.
With this, the company said it has achieved 87% of its sales guidance of Rs 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 company said.
The collections during this period amounted to Rs 32.1 billion, a 54% increase from Rs 20.9 billion during 9M FY24.
Net debt reduced to Rs 7.2 billion in 9M FY25 compared to Rs 11.6 billion at the end of FY24 reflecting strong operating surplus and liquidity.
Pradeep Kumar Aggarwal, Chairman and Whole-Time Director said, “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”
The company reported pre-sales of Rs 27.7 billion in October-December FY25 as compared to Rs 27.8 billion in July-September FY25.
The collections in October-December FY25 stood at Rs 10.8 billion, up from Rs 9.2 billion in July-September FY25.
The stock of the company was trading at 1358.6 a piece at 12:05 pm, up 0.44%.
Recently brokerage firm Motilal Oswal had reiteratedits buy rating on Signature Global with a target price of Rs 2000 apiece and a potential upside of 50%, saying “Signature Global with its strong presence in strategic locations in Gurugram, is on track to capitalize on the ongoing demand, guided by a strong project pipeline of 24.3msf. With a projected 35% CAGR growth in pre-sales over FY24-27, the company is set to cumulatively collect Rs 285 billion. Its strategic shift from the affordable to mid/mid-premium segment is expected to drive a strong cumulative OCF of Rs 95 billion. This will enable the company to turn net cash positive and reinvest in land to fuel future growth.”
