NEW DELHI: SignatureGlobal (India) has achieved pre-sales of Rs 31.2 billion in Q1 FY25 with year-on-year growth of 255%. More than 30% of the FY25 guidance of Rs 100 billion in pre-sales was achieved in Q1 FY25.
The company’s collections in Q1 FY25 grew by 102% to Rs 12.1 billion. Net debt reduced by 16% to Rs 9.8 billion at the end of Q1 FY25 in comparison to Rs 11.6 billion as at the end of FY24.
Pradeep Kumar Aggarwal, chairman and wholetime director of the company said, “This fiscal year, we have set an ambitious target of achieving Rs 100 billion in pre-sales. In the first quarter alone, we have already surpassed 30% of this target.”
Average sales realization has grown to Rs 15,369 per sq ft in Q1 FY25 versus Rs 11,762 per sq ft in FY24. This however is expected to normalize to a lower level with planned launches in the mid income housing segment during this year.
