Signature Global Net Debt up 4% in Q2 to Rs. 1,020 crores happened; Strong housing demand appears to be tapping

Realty firm Signature Global’s net debt rose 4 percent in the September quarter to Rs. 1,020 crore as it looks to expand business amid strong consumer demand for housing properties. At the end of the June quarter of FY25, the company’s net debt stood at Rs. 980 crores.

Earlier this week, Signature Global reported that it nearly tripled its sales bookings during the second quarter to Rs. 2,780 crore has increased.

Its sales bookings or pre-sales in the one-year-ago period were Rs. 980 crores.

“Despite the ‘shraddha’ period, pre-Q2, FY25 sales stood at Rs 27.8 billion, up 184 per cent over Q2, FY24,” Signature Global said in a regulatory filing.

In April-September 2024-25, the company’s sales bookings tripled to Rs. 5,900 crore which in the year-ago period was Rs. 1,860 crore was

Signature Global, which has a significant presence in the Gurugram market, has projected in 2023-24 a Rs. 7,270 crore in sales and its target for the current financial year is Rs. 10,000 crores.

Pradeep Kumar Aggarwal, chairman of Signature Global, is optimistic of maintaining this sales momentum.

“Our resilience to market fluctuations underscores the strength of our business model and our ability to adapt to evolving industry dynamics. As we scale new heights, we remain dedicated to enhancing shareholder value and driving sustainable growth. Our focus is on premium and mid-range -housing projects, strategic land acquisitions, and the introduction of new customer-centric initiatives will ensure we stay ahead of the curve,” he said.

Signature Global has so far delivered 11 million square feet of housing area. It has a pipeline of approximately 32.2 million square feet of salable area in upcoming projects with 16.4 million square feet of ongoing projects.

Housing sales in Delhi-NCR rose 22 per cent to 10,263 units in the September quarter from 8,411 units in the year-ago period, according to data analytics firm PropEquity.