One of the leading real estate developers in Delhi-NCR, Signature Global FY25 results reported strong execution, disciplined land acquisition and focus on mid-income and affordable housing, the company has shown impressive growth across all parameters. The company also shares FY26 guidelines.
Signature Global FY25 Results: A Year of Records
Sales & Volume:
Signature Global has reported pre-sales of INR 10,290 crore in FY25, a 42% YoY growth from INR 7,270 crore in FY24. Sales volume has grown to 8.3 million sqft, a 34% growth from 6.2 million sqft in FY24. This is above the company’s guidance and was driven by successful project launches like Titanium SPR, Daxin City of Colours and Twin Towers.
Collections & Realizations:
Collections have touched a record INR 4,380 crore in FY25, a 41% growth over FY24. Average sales realization has grown to INR 12,457 per sqft from INR 11,762 in FY24, indicating firm pricing and strong demand in key micro-markets.
Revenue Recognition & Profitability:
- Total revenue from real estate operations stood at INR 2,500 crore, a doubling from INR 1,240 crore in FY24.
- Adjusted Gross Profit rose to INR 750 crore (30.6% margin), up from INR 330 crore (27.6%).
- Adjusted EBITDA surged to INR 360 crore (14.4% margin), compared to INR 130 crore (10.8%).
- PAT came in at 100 crore, versus INR 20 crore in FY24.
This growth reflects a healthy mix of high-margin products and timely execution, with significant revenue contribution from mid-income housing projects like Signature Global Park.
Signature Global Q4 FY25 Snapshot
- Pre-sales: INR 1,620 crore (Q4 FY25) vs INR 4,140 crore (Q4 FY24), indicating normalization post peak FY24 launches.
- Collections: INR 1,170 crore vs INR 1,010 crore, a 16% increase.
- Operational cash surplus: INR 1,630 crore for the year, growing 79% YoY, or 37% of collections.
Signature Global FY26 Guidance: Ambitious Yet Grounded
Signature Global is projecting a significant uptick in performance metrics for FY26, underpinned by an expanding project pipeline and robust demand outlook.
| Metric | FY25 Actual | FY26 Estimate | YoY Growth |
|---|---|---|---|
| Pre-sales | 10,290 | 12,500 | +21% |
| Collections | 4,380 | 6,000 | +37% |
| Launches | 13,800 | 17,000 | +23% |
| Revenue Recognition | 2,500 | 4,800 | +92% |
The company targets an operating surplus of over 40% of collections, which will be allocated towards land replenishment and reducing net debt.
Strategic Expansion Across Key Micro-Markets
Signature Global continues to anchor its growth in three prime micro-markets of Gurugram:
- Sector 71 (SPR Belt): 17.1 mn sqft potential, a premium zone with proximity to Golf Course Road.
- Sector 37D (Dwarka Expressway): 9.3 mn sqft potential, boosted by infrastructure push.
- Sohna Corridor: 7.0 mn sqft, offering large-format gated township living.
The company’s total development portfolio now stands at 49.7 million sqft, with 14.8 mn sqft recently launched and 24.6 mn sqft upcoming over 2-3 years.
Balanced Business Model & Deleveraging Focus
- Net debt as of 31 March 2025: INR 880 crore, down from INR 1160 crore.
- Net debt to operating cash surplus ratio improved to 0.54x, ensuring financial flexibility.
- INR 1,060 crore invested in land, maintaining disciplined acquisition strategy aligned with sales momentum.
Capital Markets & Shareholder Value Creation
Since its IPO in September 2023, Signature Global’s stock has shown a remarkable 217% return from its issue price of INR 385 per share. As of 16 May 2025, the share was trading at INR 1,222 per share. The company boasts over 55,000 public shareholders and enjoys robust institutional backing from names like HDFC Capital, IFC, Vanguard, and Government Pension Fund Global.
Operational Excellence & Technology-Driven Efficiency
Signature Global continues to lead in execution:
- Delivered ~14.6 mn sqft till date.
- Ongoing projects of 10.4 mn sqft expected to be completed in the next 6-8 quarters.
- Standardized product design and use of Aluminium formwork technology enhances build quality and reduces delivery timelines.
- 100% digital project sales and AR-powered digital experience centers have boosted customer engagement and efficiency.
All projects launched between FY20-FY24 are EDGE or IGBC certified, the company is committed to green development. The company has vertical gardens, solar panels, LED lighting and water saving fixtures in our projects.
Backed by a seasoned leadership team, including Managing Director Ravi Aggarwal and CEO Rajat Kathuria, Signature Global is positioning itself as a trusted player in Delhi-NCR’s mid-income housing landscape. The company’s clear strategic focus on micro-market consolidation, sustainable margins, digital integration, and financial prudence presents a compelling case for investors looking at real estate as a long-term wealth creation opportunity.
Conclusion
Signature Global FY25 results shows high growth, well managed real estate company with strong fundamentals and scalable model. FY26 targets are aggressive but achievable given our historical execution, strong sales pipeline and strengthening balance sheet. With increasing urbanization and infrastructural tailwinds in NCR, the company is well placed to continue the upward journey.
Verdict: A mid-cap real estate player on a sustainable growth path, with upside driven by execution, brand trust and disciplined capital allocation.
Disclosure: This article is based on public filings and investor presentations. The author does not hold any position in Signature Global as of the publication date.