Signatureglobal (India) (SIGNATURE) Q3 24/25 earnings summary

Executive summary

• Achieved record pre-sales of INR 128.10 billion in calendar year 2024 and INR 86.7 billion in 9M FY25, up 178% year-over-year, driven by strong launches in Delhi-NCR and mid-income/plotted developments.

• Delivered over 3,500 units at an average ticket size of INR 2.5 crore, with robust project launches and high subscription rates.

• Expanded portfolio to 46.3 million sq ft, with 11.2 million sq ft ongoing and 21.6 million sq ft forthcoming projects.

• Maintained strong brand presence and distribution, with a 13% NCR market share and 27% in Gurugram for units priced INR 8–50 million.

• Policy support, including increased government allocations and repo rate cuts, is boosting sector growth and home affordability.

Financial highlights

• Revenue from operations surged 260% year-over-year to INR 19.8 billion for 9M FY25; Q3 FY25 revenue was INR 8.3 billion.

• Adjusted EBITDA margin rose to 12% in Q3 FY25; PAT turned positive at INR 0.4 billion for 9M FY25.

• Collections for 9M FY25 rose 54% year-over-year to INR 32.1 billion, with operating surplus after tax at 38% of collections (INR 12 billion).

• Net debt reduced by 36% to INR 7.4 billion at the end of 9M FY25 from INR 11.6 billion at FY24 end.

• Average realization exceeded INR 12,700 per sq ft, up 8% year-over-year.

Outlook and guidance

• FY25 pre-sales projected at INR 100 billion, with embedded EBITDA margin at 35% and PAT margin at 25%.

• Collection and revenue recognition guidance held at INR 60 billion and INR 38 billion, respectively.

• FY26 revenue recognition expected to be at least 40% higher than FY25.

• Focus on completions to drive higher revenue recognition in the coming year.

• Management expects continued growth, leveraging strong market acceptance and ongoing infrastructure development.