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.

• Revenue from operations surged 260% year-over-year to INR 19.8 billion for 9M FY25, with Q3 FY25 revenue at INR 8.3 billion, up 196% year-over-year.

• Turned profitable with a PAT of INR 0.40 billion in 9M FY25, reversing a loss in the prior year period.

• Net debt reduced by 36% to INR 7.4 billion at the end of 9M FY25, with INR 4.3 billion reduction during the period.

• Focus remains on mid-income and premium housing, with minimal unsold inventory and strong demand across new and existing projects.

Financial highlights

• Pre-sales for 9M FY25 reached INR 86.7 billion, up from INR 31.2 billion in 9M FY24; Q3 FY25 pre-sales at INR 27.7 billion.

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

• Adjusted EBITDA margin for 9M FY25 was 12%, with gross profit margin at 27%.

• Average ticket size for units sold was INR 2.5 crore; average realization exceeded INR 12,700 per sq ft, up 8% year-over-year.

• Basic and diluted EPS for Q3 FY25 were Rs 2.07, with 9M FY25 EPS at Rs 2.85, compared to a loss per share of Rs 1.92 in 9M FY24.

Outlook and guidance

• FY25 pre-sales guidance at INR 100 billion, with launches targeted at INR 135 billion and revenue recognition at INR 38 billion.

• Implied EBITDA margin for current sales maintained at 35% and FY26 revenue recognition expected to be at least 40% higher than FY25.

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