Q1 FY25: Signature Global cuts net debt by 16% to Rs 9.8 Bn

12 Aug 2024 CW Team

The company stated its intention to maintain net debt below 0.5 times the projected operating surplus for the current financial year as part of its long-term financial discipline. Signature Global's total income for the April-June quarter of the 2024-25 fiscal year increased significantly, reaching Rs 4.27 billion, up from Rs 1.78 billion during the same period the previous year.

Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, noted that the company achieved 30% of its annual pre-sales target within the first quarter alone. Sales bookings for Signature Global surged to Rs 31.2 billion during this period, compared to Rs 8.8 billion in the corresponding quarter of the previous year. Aggarwal mentioned plans to launch several new projects in the upcoming quarters, which are expected to further enhance the company's operational targets.

In the 2023-24 financial year, Signature Global recorded sales bookings of Rs 72.7 billion and has set an ambitious target of Rs 100 billion for the current fiscal year. Based in Gurugram, Signature Global has so far delivered 11 million square feet of area and has a pipeline of approximately 32.2 million square feet of saleable area in upcoming projects, along with 16.4 million square feet in ongoing projects.

The company went public in September last year, raising Rs 7.3 billion through an Initial Public Offering (IPO). Shares were initially offered at Rs 385 each and were listed at Rs 444 per share. As of Friday, the company's share price closed at Rs 1,417.50 on the BSE. Originally focused on affordable housing, Signature Global has now expanded into mid-income, premium, and luxury residential segments, with most of its projects located in Gurugram. The company is also exploring land opportunities in Noida and Greater Noida.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Realty firm Signature Global has reduced its net debt by 16% during the June quarter, bringing it down to Rs 9.8 billion, thanks to improved cash flows driven by strong sales in its housing projects. According to the company's latest investor presentation for the June quarter, its net debt stood at Rs 9.8 billion as of June 30, 2024, compared to Rs 11.6 billion at the close of the previous financial year. The company stated its intention to maintain net debt below 0.5 times the projected operating surplus for the current financial year as part of its long-term financial discipline. Signature Global's total income for the April-June quarter of the 2024-25 fiscal year increased significantly, reaching Rs 4.27 billion, up from Rs 1.78 billion during the same period the previous year. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, noted that the company achieved 30% of its annual pre-sales target within the first quarter alone. Sales bookings for Signature Global surged to Rs 31.2 billion during this period, compared to Rs 8.8 billion in the corresponding quarter of the previous year. Aggarwal mentioned plans to launch several new projects in the upcoming quarters, which are expected to further enhance the company's operational targets. In the 2023-24 financial year, Signature Global recorded sales bookings of Rs 72.7 billion and has set an ambitious target of Rs 100 billion for the current fiscal year. Based in Gurugram, Signature Global has so far delivered 11 million square feet of area and has a pipeline of approximately 32.2 million square feet of saleable area in upcoming projects, along with 16.4 million square feet in ongoing projects. The company went public in September last year, raising Rs 7.3 billion through an Initial Public Offering (IPO). Shares were initially offered at Rs 385 each and were listed at Rs 444 per share. As of Friday, the company's share price closed at Rs 1,417.50 on the BSE. Originally focused on affordable housing, Signature Global has now expanded into mid-income, premium, and luxury residential segments, with most of its projects located in Gurugram. The company is also exploring land opportunities in Noida and Greater Noida.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..