Signatureglobal (India) (SIGNATURE) Q4 24/25 earnings summary

Executive summary

• Achieved record pre-sales of INR 102.9 billion in FY25, up 42% year-over-year, surpassing guidance, with over 4,100 units sold and 8.3 million sq ft sales volume, and revenue from operations doubling to INR 25 billion.

• Collections rose 41% to INR 43.8 billion, operating cash surplus grew 79% to INR 16.3 billion, and net debt reduced to INR 8.8 billion.

• PAT surged 531% to INR 1.01 billion in FY25 from INR 0.16 billion in FY24, with PAT margin rising to 4.1% from 1.3%.

• Focus remains on premium and mid-income housing in Gurugram and Sohna, with strong demand and limited competition in the mid-income segment.

• Expanded portfolio to 49.7 million sq ft, with 10.4 million sq ft ongoing and 24.6 million sq ft forthcoming projects.

Financial highlights

• Revenue from operations doubled to INR 25 billion in FY25, a 102% year-over-year increase.

• Adjusted gross profit margin improved to 31% (from 28%), and adjusted EBITDA margin to 14% (from 11%).

• PAT for FY25 was INR 1.01 billion, with PAT margin rising to 4.1% from 1.3%.

• Net debt reduced by INR 2.8 billion to INR 8.8 billion as of March 2025.

• Average sales realization increased to INR 12,457 per sq ft from INR 11,762.

Outlook and guidance

• FY26 guidance: launches of INR 170 billion (+25%), pre-sales of INR 125 billion (+20%), collections of INR 60 billion (+35%), and revenue recognition of INR 48 billion.

• Operating surplus as a percentage of collections expected to approach or exceed 40%.

• Net debt to operating cash flow will be capped at 0.5x.

• Focus on completions to drive higher revenue recognition.

• Management anticipates double-digit growth in the current financial year, supported by robust residential real estate demand.