Signature Global report 113.92% growth pre-sales at 879.78cr

13 Oct 2023 CW Team

For the entire first half of FY24 (H1 FY24), Signature Global recorded a 37.57% increase in pre-sales, reaching Rs 1,861.39 crore, compared to Rs 1,353.01 crore in H1 FY23. These figures reflect a robust operational performance for the company in the real estate sector.

Pradeep Kumar Aggarwal, Chairman and Whole-time Director of Signature Global, expressed his satisfaction with the company's progress. He mentioned, "We are delighted to share that we have been able to reduce our net debt significantly in the second quarter following funds raised through the initial public offer (IPO). The first half (H1FY24) has been truly remarkable in terms of our operational performance, with our pre-sales growing by 37% and sales realization reaching Rs 9,800 per square foot. The collections for the company have also grown nearly 65% in H1 FY24, showcasing the significantly robust financial position of the company."

The company's report further reveals a 64.92% growth in collections during H1 FY24, reaching Rs 1,327.45 crore, while sales realization improved to approximately Rs 9,800 per square foot, up from about Rs 7,425 per square foot in H1 FY23. Additionally, Signature Global managed to significantly reduce its net debt, which now stands at Rs 369.96 crore, down from Rs 1,093.89 crore at the end of FY23.

Despite its strong financial performance, the company reported a decrease in revenue from operations, which amounted to Rs 165.85 crore in Q1 FY24, compared to Rs 542.08 crore in Q1 FY23. This reduction was attributed to the absence of any new occupation certificates (OC) received during the quarter, as stated in the regulatory filing. Signature Global's impressive growth in various financial aspects underscores its position as a prominent player in the real estate industry.

"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."

Real estate developer Signature Global has announced substantial growth in its pre-sales, collections, and financial performance for the first half of the fiscal year 2024. According to the company's filing with the Bombay Stock Exchange (BSE), pre-sales for Q1 FY24 saw a remarkable surge of 113.92%, amounting to Rs 879.78 crore. For the entire first half of FY24 (H1 FY24), Signature Global recorded a 37.57% increase in pre-sales, reaching Rs 1,861.39 crore, compared to Rs 1,353.01 crore in H1 FY23. These figures reflect a robust operational performance for the company in the real estate sector. Pradeep Kumar Aggarwal, Chairman and Whole-time Director of Signature Global, expressed his satisfaction with the company's progress. He mentioned, We are delighted to share that we have been able to reduce our net debt significantly in the second quarter following funds raised through the initial public offer (IPO). The first half (H1FY24) has been truly remarkable in terms of our operational performance, with our pre-sales growing by 37% and sales realization reaching Rs 9,800 per square foot. The collections for the company have also grown nearly 65% in H1 FY24, showcasing the significantly robust financial position of the company. The company's report further reveals a 64.92% growth in collections during H1 FY24, reaching Rs 1,327.45 crore, while sales realization improved to approximately Rs 9,800 per square foot, up from about Rs 7,425 per square foot in H1 FY23. Additionally, Signature Global managed to significantly reduce its net debt, which now stands at Rs 369.96 crore, down from Rs 1,093.89 crore at the end of FY23. Despite its strong financial performance, the company reported a decrease in revenue from operations, which amounted to Rs 165.85 crore in Q1 FY24, compared to Rs 542.08 crore in Q1 FY23. This reduction was attributed to the absence of any new occupation certificates (OC) received during the quarter, as stated in the regulatory filing. Signature Global's impressive growth in various financial aspects underscores its position as a prominent player in the real estate industry.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..