Signatureglobal (India) Reports Rs 60.79 million Profit in Q1 FY25
Real Estate

Signatureglobal (India) Reports Rs 60.79 million Profit in Q1 FY25

Signatureglobal (India) reported a net consolidated profit after tax of Rs 60.79 million for the quarter ending June 30, 2024. This compares to a net loss after tax of Rs 70.18 million for the same quarter of the previous fiscal year, as stated in a BSE filing by the company.

The company's net consolidated total income for Q1 FY25 was Rs 4.27 billion, marking a significant growth of 139.23 per cent from Rs 1.78 billion recorded in the corresponding quarter last year.

Pradeep Kumar Aggarwal, the chairman and wholetime director of the company, indicated that the company had already achieved 30 per cent of its annual pre-sales target within the first quarter. He also mentioned plans to launch several projects in the upcoming quarters, which is expected to enhance their operational targets.

The board of directors appointed Gaurav Malik as the chief financial officer and key managerial personnel, effective August 8, 2024. Additionally, Manish Garg was re-designated as the deputy chief financial officer, effective from the same date.

For the quarter, the company achieved pre-sales of Rs 31.2 billion in Q1 FY25, reflecting a year-on-year growth of 255 per cent. Collections for Q1 FY25 increased by 102 per cent to Rs 12.1 billion, compared to Rs 6 billion in Q1 FY24.

The company's net debt decreased to Rs 9.8 billion by the end of Q1 FY25, down from Rs 11.6 billion at the end of FY24.

Signatureglobal (India) reported a net consolidated profit after tax of Rs 60.79 million for the quarter ending June 30, 2024. This compares to a net loss after tax of Rs 70.18 million for the same quarter of the previous fiscal year, as stated in a BSE filing by the company. The company's net consolidated total income for Q1 FY25 was Rs 4.27 billion, marking a significant growth of 139.23 per cent from Rs 1.78 billion recorded in the corresponding quarter last year. Pradeep Kumar Aggarwal, the chairman and wholetime director of the company, indicated that the company had already achieved 30 per cent of its annual pre-sales target within the first quarter. He also mentioned plans to launch several projects in the upcoming quarters, which is expected to enhance their operational targets. The board of directors appointed Gaurav Malik as the chief financial officer and key managerial personnel, effective August 8, 2024. Additionally, Manish Garg was re-designated as the deputy chief financial officer, effective from the same date. For the quarter, the company achieved pre-sales of Rs 31.2 billion in Q1 FY25, reflecting a year-on-year growth of 255 per cent. Collections for Q1 FY25 increased by 102 per cent to Rs 12.1 billion, compared to Rs 6 billion in Q1 FY24. The company's net debt decreased to Rs 9.8 billion by the end of Q1 FY25, down from Rs 11.6 billion at the end of FY24.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?