Latest news with #Signatureglobal
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.
Time of India
15-05-2025
- Business
- Time of India
Signatureglobal (India) net profit up 48.17% in Q4 FY25
NEW DELHI: Signatureglobal (India) has reported a growth of 48.17 per cent in its net consolidated profit during the quarter ended March 31, 2025. Its profit after tax stood at ₹61.12 crore in Q4 FY25 as against ₹41.25 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹570.43 crore, a dip of 21.07 per cent from ₹722.73 crore it recorded in the similar quarter last year. Pradeep Kumar Aggarwal, chairman and whole-time director of the company said, "We have exceeded the annual targets we established for ourselves. Our strategic emphasis on premium and mid-income segments, coupled with our capacity to anticipate market trends, has facilitated significant growth. Both pre-sales and collections would have been even higher had we received timely approval for the project launched which was scheduled for Q4 FY25, but got pushed out to current quarter." It reported annual pre-sales of ₹102.9 billion in FY25, registering a 42% year-on-year growth from ₹72.7 billion in FY24. Collections jumped by 41% year-on-year to ₹43.8 billion in FY25. The company has also shown a growth of 79% in the operating cash surplus to ₹16.3 billion in FY25 from ₹9.1 billion in FY24. Its net debt reduced to ₹8.8 billion at the end of FY25 as against ₹11.6 billion in FY24. During FY25, the company launched five new projects having a combined gross development value (GDV) of approximately ₹138.1 billion. The company also acquired approximately 48 acres of land including 22.06 acres which were earlier under JDA, for ₹1,070 crore in Gurugram during the last fiscal to develop residential projects over the next few years. The development potential of land is approximately 7.97 million sq ft.
