May 23, 2025 |
Signature Global Reports Highest-Ever Annual Pre-sales of Rs 10,290 Crore in FY25
Realty developers Signature Global has reported its highest-ever annual pre-sales of Rs 10,290 crore in FY25, 42% year-on-year growth, surpassing its pre-sales guidance.
The company said that multiple 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 pre-sales contributed to the company attaining a record annual collection of Rs 4,380 crore, a 41% year-over-year growth. The company has also shown a growth of 79% in the operating cash surplus to Rs 1,630 crore in FY25 from Rs 910 crore in FY24.
In addition to this, there is a significant reduction in net debt to Rs 880 crore at the end of FY25 compared to Rs 1,160 crore 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 Re 250 crore during FY25 as compared to Rs 124 crore, 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 average sales realization also improved to Rs 12,457 per sq. ft. in FY25 from INR 11,762 in FY24.
“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,” said Pradeep Kumar Aggarwal, Chairman and Whole-Time Director.
“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,” Aggarwal said.
Source : ET
Related Articles
Landmark One Gurgaon – Premium Grade-A Commercial project in Sector 67
Landmark One Gurgaon is also changing the commercial real estate trends in terms of the luxurious Grade-A facilities and its […]
Sonipat vs Gurugram: Where should real estate investors put their money?
For years, Gurugram has been the preferred destination for property investors in North India, thanks to its thriving corporate ecosystem and premium residential […]
Gurugram Tops NCR Housing Market As Infrastructure Struggles To Keep Pace
Gurugram has emerged as NCR’s biggest residential market, accounting for 53 per cent of housing launches and 48 per cent of home […]