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Business Standard
5 days ago
- Business
- Business Standard
Signature Global to invest Rs 4,000 cr in FY26 for construction projects
Realty firm Signature Global will invest around Rs 4,000 crore this fiscal to acquire land parcels and carry out construction activities in its housing projects at Gurugram, a top company official said on Monday. In an interview with PTI, Signature Global Chairman Pradeep Kumar Aggarwal said the company had invested Rs 1,070 crore last fiscal year to purchase 48-acre land in Gurugram, Haryana. "Land is an important raw material for real estate developers. We will be investing around Rs 1,200-1,500 crore on the acquisition of land parcels," he said. The company is looking for lands in the Delhi-NCR market to expand its business, Aggarwal noted. "Housing demand continues to be strong from end-users as well as investors. There is a mismatch of demand-supply," he said. Asked about construction spend, Aggarwal said the investment in construction activities would be around Rs 2,500 crore in 2025-26 against Rs 1,900 crore in the preceding fiscal. He highlighted that the company performed exceedingly well and achieved its target on most of the operational metrics. Signature Global's sales bookings rose 42 per cent to a record Rs 10,290 crore in 2024-25, placing it among the top 5 listed real estate companies in terms of pre-sales during the last fiscal year. "We want to maintain consistent annual growth in the medium and long term. Therefore, we have given a guidance of achieving sales bookings of Rs 12,500 crore in the current fiscal," Aggarwal said. On the financial front, Signature Global has posted a net profit of Rs 101.2 crore last fiscal, a sharp jump from Rs 16.32 crore in the preceding year. Its total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24. Signature Global 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.
Time of India
17-05-2025
- Business
- Time of India
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 of housing projects and has a strong pipeline of about 21.6 million of saleable area in upcoming projects, along with 46.38 million of ongoing projects, targeted for completion within the next 2-3 years.
Time of India
17-05-2025
- Business
- Time of India
Signature Global lines up ₹1,200–1,500 crore to acquire land in FY26
NEW DELHI: Gurugram -based Signatureglobal (India) has earmarked ₹1,200–₹1,500 crore for land acquisition in the current financial year, with plans to continue its dominance in Gurugram while actively scouting for opportunities in Noida and Delhi. 'Our primary allocation remains Gurugram, with nearly ₹1,000 crore set aside for it," said Pradeep Kumar Aggarwal, chairman and whole-time director of the company. "But we're equally keen on expanding into Noida and Delhi, should the right land parcels become available." In FY25, the company invested about Rs 1,040 crore to acquire land. It replenished its land bank by acquiring eight million sq ft—equivalent to its annual sales volume—underscoring what it calls a 'factory model' of operations. Pre-sales beat guidance; ₹17,000-crore launches planned Signature Global exceeded its FY25 pre-sales guidance by clocking ₹2,290 crore, up from the projected ₹2,000 crore. It now plans to launch projects worth ₹17,000 crore in FY26 across key micro-markets: Sohna, focused on mid-income housing (₹2 crore average ticket size) Sector 37D, Dwarka Expressway, catering to upper mid-income (₹2.5–3 crore) Southern Peripheral Road, targeting the premium segment (₹3.5–4.5 crore) The company's strategy remains focused on the ₹2–4.5 crore average ticket size — a space it believes is underserved by most branded players in NCR. "Our average ticket size remains between ₹2.5–3 crore. This continues to differentiate us in a market where others often operate at ₹5 crore and above," said Aggarwal. Collections, margins and PAT see sharp jump Signature Global reported a 41% year-on-year growth in collections, rising from ₹3,100 crore in FY24 to approximately ₹4,400 crore in FY25. Revenue recognition almost doubled from ₹1,200 crore to ₹2,480 crore. Operating surplus witnessed a 79% jump, increasing from ₹900 crore last year to ₹1,600 crore this fiscal. The company is targeting ₹6,000 crore in collections and ₹4,800 crore in revenue recognition for FY26. Profit after tax (PAT) surged over 500%, crossing the ₹100 crore mark, up from a low base last year. Operating margins also improved, with gross profit margin rising from 28% in FY24 to 31% in FY25. Zero-debt target in sight Signature Global is aiming to bring its net debt down to zero by the end of the financial year. The developer ended FY25 with net debt of ₹880 crore. 'With healthy collections and controlled land spends, our goal is to become debt-free this year," said Aggarwal.
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Business Standard
16-05-2025
- Business
- Business Standard
Signature Global to launch ₹17,000-cr projects, eyes ₹12,500-cr sales
Real estate major Signature Global -- which has reported a sharp 48 per cent jump in its net profit for fourth quarter of FY25 -- on Friday said it was mulling launching five projects in the National Capital Region this financial year, notwithstanding the 'nationwide labour shortage' which the firm said has led to adoption of innovative technologies like pre-cast concrete material to complete projects in time. The new projects are likely to cost ₹17,000 crore. The company is also looking at collections worth ₹6,000 crore in FY26, up from ₹4,400 crore achieved in FY25. Pradeep Kumar Aggarwal, chairman and whole-time director, Signature Global told Business Standard that these projects will come up around Dwarka Expressway, Southern Peripheral Road (SPR) and the Sohna micro markets. Commenting on expansion plans, Aggarwal said the realty firm is currently looking to grow in the Gurugram region itself, but would not be averse to opportunities in the Delhi and Noida micro-markets. 'Currently, we have a strong pipeline of upcoming projects in Gurugram for the next two to three years, but we will be looking to bid for land parcels in Noida if any such auction opportunity comes through the Noida Authority,' he added. Aggarwal also said that Delhi has a potential for a mid-size housing market, especially in the L and N zones of Outer Delhi in the Delhi Master Plan. He added that Signature Global would look to stay in its core mid-size project segment with a ticket price of ₹2 crore to ₹4 crore. 'We are at a unique position in terms of ticket size, as we sold over 4,000 units in FY25 for an average price realisation of ₹2.5 crore. Since we are a mass housing minded company, we want to stick to the mid segment,' he said. Highlighting that the sector is facing a nationwide labour shortage, Aggarwal said that firms are now looking to take up advanced technologies such as usage of pre-cast concrete material. 'This shortage can sustain for some time, and therefore developers are turning to innovative technologies such as pre-cast and aluminium formwork technology for timely project completion,' he added. The realty major had on Thursday recorded a 48 per cent year-on-year (Y-o-Y) rise in consolidated net profit for the fourth quarter of financial year 2024-25 (Q4FY25) to ₹61.12 crore, up from ₹41.2 crore in the same quarter last year. The company's revenue from operations fell by 25 per cent to ₹520.43 crore in Q4, from ₹694.36 crore reported in Q4FY24. This comes after the company had last month announced a 61 per cent on-year drop in pre-sales bookings to ₹1,620 crore for Q4FY25, compared to ₹4,140 crore registered in the same period last financial year.
Fashion Value Chain
16-05-2025
- Business
- Fashion Value Chain
Signature Global Posts Record PAT, Pre-Sales in FY25
Real estate major Signature Global (NSE: SIGNATURE) has announced a landmark year in FY25, reporting a 531% surge in profit after tax (PAT) to INR 1.01 billion, and achieving its highest-ever annual pre-sales of INR 102.9 billion, marking a 42% year-on-year growth. The company's strong FY25 performance was driven by sustained demand for residential real estate in the NCR region, especially Gurugram, timely project execution, and successful launches across mid-income and premium segments. Collections reached INR 43.8 billion, a 41% rise from FY24, and operating cash surplus jumped 79% to INR 16.3 billion. Revenue from operations doubled, rising by 102% to INR 25 billion in FY25 from INR 12.41 billion in FY24, largely due to the receipt of Occupation Certificates for several projects, enabling revenue recognition. The company also improved profitability metrics across the board: Adjusted Gross Profit Margin rose to 30.6% (from 27.6%) EBITDA Margin improved to 14.4% (from 10.8%) PAT Margin increased to 4.1% (from 1.3%) Despite significant investments in business development and land acquisition, Signature Global reduced net debt from INR 11.6 billion to INR 8.8 billion by the end of FY25, underscoring its strong financial discipline and healthy cash flows. Project & Expansion Highlights During FY25, the company launched five key projects: Titanium SPR and Twin Tower DXP – premium group housing in Gurugram Daxin Vistas – a mid-income residential project in Sohna City of Colors – a plotted township development on NH-48 Together, these developments represent a gross development value (GDV) of INR 138.1 billion. The company also acquired 48 acres of land (including 22.06 acres from JDA) in Gurugram worth INR 10.7 billion, with a development potential of approx. 7.97 million sq. ft. Outlook Commenting on the performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said: 'FY25 has been a standout year with significant achievements across revenue, pre-sales, collections, and profitability. Our strategic focus on premium and mid-income housing has resonated well with the market. While some launches were delayed due to approval timelines, we remain optimistic about maintaining double-digit growth in the current year.' With a strong pipeline, robust market sentiment, and customer trust, Signature Global is poised to expand its footprint and lead the next phase of growth in India's residential real estate sector.
