Signature Global reports Rs 3,120 crore pre sales in Q1 FY25 with 255% YoY growth

economictimes.indiatimes.com:

Signature Global, Gurgaon based real estate developer has reported Rs 3,120 crore pre sales in Q1 FY25 with year on year growth of 255%.

More than 30% of the FY25 guidance of Rs 10,000 crore in pre-sales was achieved in Q1 FY25. The company has entered the premium housing market and launched two group housing projects in Gurugram, both receiving an overwhelming response, during the last two quarters.

The company’s collections in Q1 FY25 grew by 102% to Rs 1,210 crore. Net debt reduced by 16% to Rs 980 crore at the end of Q1 FY25 in comparison to Rs 1,160 crore as at the end of FY24.

“We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving Rs 10,000 crore in pre-sales. Our performance underscores our strategic vision and the effectiveness of our growth initiatives, reinforcing our position in the industry,” said Pradeep Kumar Aggarwal, Chairman and Whole-Time Director.
The company has so far delivered 10.4 million sq ft of housing area and boasts a robust pipeline of approximately 32.2 million sq ft of saleable area in our forthcoming projects along with 16.4 million sq. ft. of ongoing projects, set for execution over the next 2-3 years.