Signature Global (India) has announced pre-sales of Rs 27.7 billion in Q3 FY25, marking a significant 120% year-on-year growth compared to Rs 12.6 billion in Q3 FY24, as published by The Economic Times.
The company’s total pre-sales for the first nine months of FY25 reached Rs 86.7 billion, a remarkable 178% increase from the previous year. This puts Signature Global on track to achieve 87% of its sales target of Rs 100 billion for FY25.
The average pre-sales realization for the first nine months of FY25 stood at Rs 12,565 per square foot, up from Rs 11,762 per square foot in FY24.
Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global, attributed the strong demand during the festive season to the company’s well-designed projects. He added that the company is focused on adapting to the changing needs of homebuyers in the future.
In terms of collections, Signature Global reported Rs 32.1 billion in the first nine months of FY25, a 54% increase over the same period last year. Collections for Q3 FY25 amounted to Rs 10.8 billion.
The company’s net debt has also been reduced to Rs 7.2 billion by the end of Q3 FY25, down from Rs 11.6 billion at the close of FY24.