Signature Global aims 21.5 pc rise in sales bookings to Rs 12,500 cr in FY26 on strong demand
HighlightsRealty firm Signature Global aims for a 21.5 percent increase in sales bookings to Rs 12,500 crore for the fiscal year 2025-26, driven by multiple housing project launches. The company's consolidated net profit surged by 48 percent to Rs 61.12 crore for the fourth quarter ended March, with a remarkable increase in annual net profit to Rs 101.2 crore for the fiscal year 2024-25. Signature Global has a strong pipeline with 21.6 million square feet of upcoming saleable area and 46.38 million square feet of ongoing projects, reflecting its commitment to the residential real estate sector.
Realty firm
Signature Global
is targeting 21.5 per cent increase in its
sales bookings
to Rs 12,500 crore for the current fiscal as it plans to launch multiple
housing projects
to encash strong demand. According to an investor's presentation, the Gurugram-based company has provided guidance for sales bookings or pre-sales at Rs 12,500 crore for the 2025-26 fiscal.
"The company plans to grow sales at 20 per cent in FY26 over FY25 and aims to consistently maintain this growth over the long term," Signature Global said.
The company's sales bookings rose 42 per cent to a record Rs 10,290 crore in the 2024-25 fiscal.
Signature Global on Thursday reported a 48 per cent increase in its consolidated
net profit
to Rs 61.12 crore for the latest
quarter
ended March.
Its net profit stood at Rs 41.25 crore in the year-ago period.
Total income declined to Rs 570.43 crore in the fourth quarter of the last fiscal from Rs 722.73 crore in the year-ago period.
During the 2024-25 fiscal, Signature Global's net profit jumped multifold to Rs 101.2 crore, from Rs 16.32 crore in the preceding year.
Total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in the 2023-24 financial year.
Commenting on the company's performance, Signature Global Chairman Pradeep Kumar Aggarwal said: "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..."
He said the company's strategic emphasis on premium and mid-income segments, coupled with its capacity to anticipate market trends, has facilitated significant growth.
"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.
Signature Global is one of the leading
real estate
developers in the country.
The company has developed many housing projects in Gurugram, with many more currently under construction.
The company has delivered 13.5 million sq.ft of housing projects and has a strong pipeline of about 21.6 million sq.ft of saleable area in upcoming projects, along with 46.38 million sq.ft of ongoing projects, targeted for completion within the next 2-3 years.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
UP CM directs officials to take action against fake, shell companies
Uttar Pradesh Chief Minister Yogi Adityanath on Saturday directed officials to take action against shell companies to stop the attempts to misuse the facilities meant for genuine traders. While conducting a high-level review of the State Tax Department, the CM directed officials to ensure transparency in tax collection and adopt a policy of technological efficiency and strict enforcement. "Tax evasion is a national crime that negatively impacts development plans and welfare schemes," he said. Stressing that the Goods and Services Tax (GST) is a consumer-based tax system, he noted that areas with higher population density are naturally expected to generate more tax revenue. He instructed officials to develop special strategies for zones where tax collection is below average. Adityanath directed that information on suspicious firms registered under Central GST (CGST) be shared with the Centre for cancellation of their registration. For firms under State GST (SGST), he ordered in-depth departmental investigations, and if irregularities are found, their registration should be canceled and FIRs lodged. The CM emphasised the need for on-site inspection of all newly registered firms, stating "fake companies should not be allowed to obstruct the rights of honest taxpayers. CM Adityanath said that such acts are an attempt to misuse the facilities meant for genuine traders, which is unforgivable. Such inspections are essential to ensure that genuine businesses can operate fairly and without interference," he said. During the meeting, officials informed the CM that Rs 18,161.59 crore in GST and VAT had been collected during April and May against the financial year 2025-26 target of Rs 1,75,725 crore.
Time of India
an hour ago
- Time of India
Circular rail network on Bengaluru's outskirts to cost Rs 81,000 crore
Bengaluru: The proposed Circular Rail Link Project on Bengaluru's outskirts requires an investment of Rs 81,000 crore and acquisition of 2,500 acres of land. Spanning 287km, the double-line circular network will connect Nidavanda, Doddaballapur, Devanahalli, Malur, Heelalige, Solur and other peripheral towns. It aims to decongest rail traffic in the city's core areas and cater to residents on the outskirts and nearby districts by enabling more suburban rail services. On Saturday, minister of state for railways V Somanna held a meeting with MPs from Bengaluru and adjoining districts to discuss the project. The railway board sanctioned a final location survey (FLS), which is currently being conducted in phases. The minister said the central govt will fund the entire project. "This is a long-term initiative meant to benefit Bengaluru over the next 50 years," he said. The actual land requirement and cost will be finalised after the detailed project report (DPR) is ready. Completing the FLS is expected to take several months. Camelaram, Panathur works Bangalore Central MP PC Mohan submitted a requisition to Somanna, urging South Western Railway (SWR) to coordinate with BBMP to expedite pending RoB and RuB works at Carmelaram and Panathur. He noted that only 35% of the Carmelaram RoB is complete, causing prolonged closure of Carmelaram-Gunjur Road and affecting commuters. Similarly, the Panathur RuB is stalled due to BBMP's delay in acquiring land needed for the approach road and drainage. Need superfast train to Mumbai: Mohan Mohan called for a superfast train between Bengaluru and Mumbai, pointing out that the current Udyan Express takes over 20 hours. Despite repeated public requests, the railway board hasn't approved a faster service, he said. On the redevelopment of KSR Bengaluru City Railway Station, the MP said the proposal is pending with the railway board. He urged Somanna to initiate a feasibility study for a rapid rail transit system (RRTS) on key corridors such as Bengaluru-Tumakuru, Bengaluru-Ramanagara, Bengaluru-Mandya-Mysuru and Bengaluru-Kolar.
Time of India
an hour ago
- Time of India
Zoho founder Sridhar Vembu Surges Union government to simplify rules, regulations for startups
Coimbatore: Simplification of rules and regulations, including those related to GST, licensing and bank loans, is the need of the hour to propel the growth of startups, said Zoho founder Sridhar Vembu here on Saturday. He was speaking at the first demo day organized by the Coimbatore-based startup incubator Aalamaram to celebrate the 23 startups it successfully nurtured and showcase their offerings. Six startups exhibited their products at the event, which saw participation of several startup founders and investors. Speaking after the event, Sridhar Vembu said all the 23 startups should be nurtured in a big way so that billion-dollar enterprises could emerge from them. "Not every startup may be successful. It is not important what percentage of startups succeed. What matters is how many jobs are created through startups," he said. When asked about the kind of support the govt should provide, he said the Union govt had already simplified several procedures to benefit startups. However, further simplification is needed, particularly in GST compliance, licensing and access to bank loans, he said. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo "In my opinion, the govt should not fund startups, as it could lead to favouritism and corruption. The startup ecosystem should remain private. The govt's role should be limited to providing easy approvals and relaxed regulations," Sridhar Vembu said.
