GURUGRAM-BASED Signature Global Ltd aims to nearly double its revenue to Rs 5,000 crore in the current fiscal year, following a marginal increase in income from operations to Rs 2,595.86 crore last fiscal. Chairman Pradeep Aggarwal highlighted the impact of construction bans due to high air pollution on project completion and revenue recognition.
The company plans to invest approximately Rs 3,500 crore this fiscal year in land acquisition and construction in the Gurugram region, with Rs 2,000 crore allocated specifically for construction activities. Signature Global is also targeting a 21% growth in sales bookings to Rs 10,000 crore, leveraging a robust launch pipeline and existing inventories.
Last fiscal year, the company's sales bookings dropped by 20% to Rs 8,250 crore, and the number of homes sold halved to 2,114 units. However, the average sales realization per square foot increased to Rs 15,250 from Rs 12,457 in FY25.
“We have given the revenue recognition guidance of Rs 5,000 crore for the current fiscal year.”
Pradeep Aggarwal, Chairman, Signature Global
Signature Global has expanded into the commercial real estate sector through a partnership with Bengaluru-based RMZ group, as part of its diversification strategy. The company also reported a significant rise in consolidated net profit to Rs 1,094.64 crore last fiscal year.
Aggarwal noted that the company invested Rs 700 crore in land acquisition last fiscal year and plans to allocate Rs 1,000-1,500 crore for this purpose in FY27.
“We will be investing around Rs 2,000 crore on construction activities this fiscal year.”
Pradeep Aggarwal, Chairman, Signature Global
Background
Signature Global, a leading real estate developer in India, has delivered 17.9 million sq ft of real estate since its inception. The company's strategic investments and diversification efforts are aimed at capitalizing on the bullish outlook for India's housing market despite global uncertainties.
Signature Global's recent collaboration with Italian lifestyle brand Tonino Lamborghini to develop a luxury housing project in Gurugram underscores its commitment to innovation and growth. The company's strategic investments and diversification efforts position it well for future expansion.
