New Delhi, August 2024.
Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, reported revenue growth of 135%to INR 4.0 billion compared to INR 1.7 billion inQ1 FY24. The Company’s net profit for the first quarter stood at INR 0.07 billion as against loss of INR 0.07 billion in Q1 FY24. For the quarter, the Company achieved pre-sales of INR 31.2 billion in Q1 FY25 with year on year growth of 255%. Collections for Q1 FY25 rose 102% to INR 12.1 billion compared to the INR 6.0 billion in Q1FY24. Company’s net debt reduced to INR 9.8 billion at the end of Q1 FY25 compared to INR 11.6 billion at end of FY24.
Below are the Financial highlights for the first quarter ended June 30, 2024.
| Particulars (Rs. Billion) | Q1FY25 | Q1FY24 | YoY (%) | Q4FY24 | QoQ (%) | FY24 |
| Revenue from Operations | 4.0 | 1.7 | 135% | 6.9 | (42%) | 12.4 |
| Consolidated Profit / (Loss) after Tax | 0.07 | (0.07) | 200% | 0.41 | (83%) | 0.2 |
| Adjusted Gross Profit Margin | 28% | 34% | – | 25% | – | 28% |
| Adjusted EBITDA Margin | 13% | 10% | – | 13% | – | 11% |
Commenting on the company’s performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said “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 of our steadfast commitment to delivering quality products & services to our customers ensuring sustainable profitability and long-term value for all stakeholders. In the first quarter itself, we have achieved 30% of annual pre-sales target. We are planning to launch few projects over coming quarters and this is likely to boost our operational targets.”