Signature Global Q2 Updates: Reports Highest Ever Rs 5,900 Crore Pre-Sales For H1FY25
Signature Global Ltd. on Monday reported the "best ever" half-year pre-sales for Q2 FY25, amounting to Rs 5,900 crore in the first half of fiscal 2025, according to an exchange filing on the NSE.
The company reported a growth of 217% on a year-on-year basis, with 59% of sales already achieved against the guidance of Rs 10,000 crore for fiscal 2025 in the quarter ended September 2024.
A significant part of the pre-sales during the first half of fiscal 2025 came from the successful launch of a mid-income housing project in Sohna, south of Gurugram, and a large group housing project on SPR Road in Gurugram.
The company achieved pre-sales of Rs 2,780 crore in the second quarter of fiscal 2025, showing a growth of 184% from the second quarter of fiscal 2024 despite the “Shradhh” period.
The average sales realisation stood at Rs 13,379 per sq. ft in the first half of fiscal 2025 compared to Rs 11,762 per sq. ft in fiscal 2024.
Average sales realisation stood at Rs 11,681 per sq. ft in the second quarter of fiscal 2025 compared to Rs 11,762 per sq. ft in fiscal 2024.
The company achieved its best ever half-year collections of Rs 2,130 crore for the first half of fiscal 2025, registering a growth of 60% year-on-year.
Collections for the second quarter of fiscal 2025 were Rs 920 crore, and the company reported that it will continue to pick up in the forthcoming quarters.
Net debt stood at Rs 1,020 crore at the end of the first half of fiscal 2025 compared to Rs 1,160 crore at the end of fiscal 2024.
Pre-sales jumped from Rs 980 crore in the second quarter of fiscal 2024 to Rs 2,780 crore in the second quarter of fiscal 2025. The number of units declined from 1,062 units to 1,053 units from the second quarter of fiscal 2024 to the second quarter of fiscal 2025. The area increased from 0.98 million sq. ft to 2.38 million sq. ft for the same period, and collections rose from Rs 720 crore to Rs 920 crore.
Shares of Signature Global closed 0.08% higher at Rs 1,532.35 apiece on the NSE, compared to a 0.88% increase in the benchmark Nifty 50.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
