Signature Global aims 92% growth in FY26 operational revenue to Rs 4,800 cr
Signature Global Ltd aims for a 92% revenue surge this fiscal year, targeting ₹4,800 crore, driven by strong Gurugram residential sales. The company reported a five-fold jump in Q1 net profit to ₹34.43 crore, with revenue doubling to ₹865.66 crore.
ANI Representative image. New Delhi: Realty firm Signature Global Ltd is targeting a 92 per cent increase in revenue from operations during this fiscal year on the back of strong sales in its residential projects across Gurugram. In a latest investors presentation, the company said it is targeting a revenue of Rs 4,800 crore during this financial year. Signature Global's income from operations stood at Rs 2,498.02 crore in the 2024-25 fiscal. On revenue, the company said it has "achieved around 19 per cent of guidance. Momentum is expected to pick up in subsequent quarters driven by completion of construction as planned". In the real estate sector, the companies can recognise revenues either on completion of their projects or on percentage of completion method.
Signature Global achieved record sales bookings of Rs 10,290 crore during the 2024-25 and has given a guidance of Rs 12,500 crore for the current financial year. On Thursday, the company reported a five-fold surge in consolidated net profit to Rs 34.43 crore for the first quarter of this fiscal, supported by higher income amid strong housing demand. Its net profit stood at Rs 6.79 crore in the year-ago period. Revenue from operations surged to Rs 865.66 crore during the April-June period of 2025-26 fiscal year, from Rs 400.61 crore in the corresponding period of the preceding year. Total income rose to Rs 898.35 crore, from Rs 427.98 crore during the period under review. On the financial performance, Signature Global Chairman Pradeep Kumar Aggarwal said, "Building on the strong momentum of FY25, we delivered a robust performance in the first quarter of FY26, with our operational revenue doubling year-on-year. This growth reflects our continued focus on customer satisfaction and the timely delivery of quality homes."
He said the launch pipeline remains strong for the remaining period of this fiscal, which would help the company to sustain this growth trajectory.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
27 minutes ago
- Time of India
PM Modi to visit Karnataka on August 10, inaugurate several developmental projects
Narendra Modi will visit Karnataka on Sunday. He will inaugurate projects including Vande Bharat Express trains at KSR Railway Station in Bengaluru. Modi will also flag off Bangalore metro's Yellow line and take a ride. He will inaugurate urban connectivity projects in Bengaluru and address a public gathering. The PM will lay the foundation stone for Bangalore Metro Phase-3 project. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Prime Minister Narendra Modi will visit Karnataka on Sunday (August 10) and will inaugurate and lay foundation stones of several developmental projects in the to a statement from the Prime Minister's Office, PM Modi will flag off three Vande Bharat Express trains at KSR Railway Station in Bengaluru at around 11 am. Thereafter, he will flag off the Yellow line of Bangalore metro and undertake a metro ride from RV Road (Ragigudda) to Electronic City metro around 1 pm, the Prime Minister will inaugurate and lay the foundation stone of urban connectivity projects in Bengaluru . He will also address a public Minister will inaugurate the Yellow line from RV Road (Ragigudda) to Bommasandra of Bangalore Metro Phase-2 project, having a route length of over 19 km with 16 stations worth around Rs 7,160 crore. With the opening of this yellow line, the operational metro network in Bengaluru will increase to over 96 km, serving a large population in the Prime Minister will also lay the foundation stone of the Bangalore Metro Phase-3 project worth over Rs 15,610 crore. The total route length of the project will be more than 44 km with 31 elevated stations. This infrastructure project will address the growing transportation needs of the city, catering to residential, industrial, commercial and educational Modi will also flag off three Vande Bharat Express trains from Bengaluru. It includes trains from Bengaluru to Belagavi, Amritsar to Sri Mata Vaishno Devi Katra and Nagpur (Ajni) to Pune. These high-speed trains will significantly enhance regional connectivity, reduce travel time and provide a world-class travel experience to the Bengaluru metro is currently operated and maintained by Bangalore Metro Rail Corporation Limited (BMRCL), a joint venture of the Government of India and the Government of to the BMRCL's 2023-2024 annual report, the 19.15-kilometre-long yellow line will run from RV Road to Bommasandra, with 16 August 2, Union Minister of Housing and Urban Affairs, Manohar Lal also announced that PM Modi is set to inaugurate the Rs 5,056 crore project. Additionally, the proposed 44.65 kilometre phase 3 project will be built at the cost of Rs 15,611 crore."I am pleased to announce that the Prime Minister of India has kindly agreed to inaugurate 19.15 km Yellow Line from RV Road to Bommasandra of Bangaluru metro with 16 stations at the cost of Rs 5,056.99 Cr and lay the foundation stone of 44.65 km of Bangalore phase-3 at the cost of Rs 15,611 Crore on 10th August 2025," the office of the Union minister mentioned on India ranks third globally in operational Metro network length and is soon to become the 2nd largest Metro network in the world. As metro systems cover greater distances, it is estimated that networks across the country serve around 1 crore people 'Namma metro' is itself the second-longest metro network in the country, serving over eight lakh commuters daily.
Time of India
30 minutes ago
- Time of India
Odisha CM Majhi distributes Rs 5,000 cr to one crore women under Subhadra scheme
On the occasion of Raksha Bandhan, Odisha Chief Minister Mohan Charan Majhi on Saturday distributed Rs 5,000 crore to around one crore women as the third instalment under the Subhadra Scheme . Majhi released the amount to beneficiaries through Direct Benefit Transfer (DBT) at a special event in Jeypore, Koraput district. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Among the beneficiaries, 1,783 women are from Kotia panchayat in Koraput district near the Andhra Pradesh border, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Baseus S1 Lite Camera: Affordable Solar-Powered Security for Homeowners TechBullion Undo The scheme was launched by Prime Minister Narendra Modi on September 17 last year and in just six-and-a-half months, all eligible women had been covered under the scheme, he added. "To make women economically independent, our government came up with this scheme," he said, adding that it has become the biggest women empowerment programme of the state. Live Events The CM added that the scheme helped lakhs of women to start their own businesses. He said the scheme also helped 17 lakh women to become ' Lakhpati Didis ', part of an ambitious programme envisioned by PM Modi. Odisha has now secured the first position in the country for creating the maximum number of 'Lakhpati Didis', Majhi informed. The CM said his government has resolved to develop southern Odisha, which remained under-developed for decades. Majhi said his government has decided to set up the South Odisha Development Council (SODC) in line with the Western Odisha Development Council (WODC). A task force headed by Minister Nityananda Gond has been formed and a budgetary provision of Rs 200 crore was made to accelerate development in the region, Majhi added. Responding to a request by local MLA Taraprasad Bahinipati (Congress) at the programme, the chief minister assured that a Vande Bharat train would run from Jeypore to Bhubaneswar. He also informed that his government was making efforts to revive the shut Jeypore paper mill and set up a new degree college there. On this occasion, the CM also inaugurated 126 projects worth Rs 309.42 crore and laid foundation stones for 436 projects to be executed with a total cost of Rs 452 crore. Deputy Chief Ministers KV Singh Deo and Pravati Parida, Ministers Bibhuti Jena, Nityananda Gond and Gokulananda Mallik and local MP and MLA attended the event. Subhadra Yojana is designed to provide eligible women aged 21 to 60 years with Rs 50,000 over five years, from 2024-25 to 2028-29. Each beneficiary will receive Rs 10,000 per year in two installments of Rs 5,000 each - one on Rakhi Purnima, and the other on International Women's Day (March 8).
Business Standard
40 minutes ago
- Business Standard
CitiPort Financial Services standalone net profit rises 700.00% in the June 2025 quarter
Sales rise 111.11% to Rs 0.19 crore Net profit of CitiPort Financial Services rose 700.00% to Rs 0.08 crore in the quarter ended June 2025 as against Rs 0.01 crore during the previous quarter ended June 2024. Sales rose 111.11% to Rs 0.19 crore in the quarter ended June 2025 as against Rs 0.09 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 0.190.09 111 OPM % 73.6833.33 - PBDT 0.110.01 1000 PBT 0.110.01 1000 NP 0.080.01 700
