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Signature Global has cut its net debt by 29% in Q4 2024, bringing it down to INR 720 crore from INR 1,020 crore, driven by strong pre-sales and increased customer collections. The company reported a 54% rise in collections, reaching INR 3,210 crore in the first nine months of FY25. Sales surged to INR 8,670 crore, with an average pre-sales realization of INR 12,565 per sq ft. Signature Global aims for INR 10,000 crore in sales bookings this fiscal year and is expanding its footprint with new acquisitions, including a 16.12-acre plot in Gurugram for INR 300 crore.
Signature Global, a prominent player in the real estate sector, has made significant strides in reducing its net debt by 29% in the last quarter of 2024. As of December 31, 2024, the company's net debt stands at INR 720 crore, down from INR 1,020 crore at the end of the previous quarter. This reduction is attributed to strong pre-sales and improved collections from customers, reflecting a robust demand for housing. Advertisement
The company reported a 54% increase in collections, totaling INR 3,210 crore in the first nine months of the fiscal year, compared to INR 2,090 crore during the same period last year. This surge in collections has played a crucial role in lowering the debt and indicates a positive trend in consumer confidence in the real estate market.
In terms of sales, Signature Global achieved property sales worth INR 8,670 crore from April to December 2024, a substantial increase from INR 3,120 crore during the same timeframe last year. The average pre-sales realization also rose significantly, reaching INR 12,565 per square foot, compared to INR 11,762 per square foot in the entire previous fiscal year. This upward trend in sales and pricing demonstrates the company's strong market position amid growing consumer interest.
Chairman Pradeep Kumar Aggarwal expressed optimism about the company's future, stating that Signature Global aims to achieve sales bookings of INR 10,000 crore in the current fiscal year, a notable increase from INR 7,270 crore in the previous year. With a solid pipeline of projects, including 350 lakh square feet of upcoming developments and 158 lakh square feet in ongoing projects, the company is well-positioned to meet its targets.
In addition to its impressive sales performance, Signature Global is actively expanding its footprint in the real estate market. Recently, the company acquired a 16.12-acre plot in Gurugram for approximately INR 300 crore, which will be developed into a housing project covering 27-28 lakh square feet. This acquisition is part of Signature Global's strategy to enhance its offerings in high-demand areas, including Noida and Greater Noida in the Delhi-NCR region.
Moreover, the company is exploring opportunities to take over stalled housing projects, which can provide additional revenue streams and help address the housing shortage in the region. By revitalizing these projects, Signature Global aims to contribute to the overall growth of the real estate sector while also fulfilling its commitment to delivering quality housing.
As the real estate market continues to recover post-pandemic, Signature Global's proactive measures and strategic acquisitions position it as a key player in the industry. The company's focus on reducing debt while expanding its project portfolio reflects a balanced approach to growth, ensuring long-term sustainability in a competitive market.
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