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 high-potential markets and robust demand in mid-income and premium housing.

• 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 prior year loss.

• 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.

• Strategic expansion into Delhi anticipated, leveraging policy changes and infrastructure growth, while maintaining leadership in Gurugram.

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, with operating surplus at 38% of collections (INR 12 billion).

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

• Revenue recognition for 9M FY25 at INR 20 billion.

• Basic and diluted EPS for Q3 FY25 were Rs 2.07, up from Rs 0.29 in Q2 FY25.

Outlook and guidance

• Confident in surpassing INR 100 billion pre-sales for FY25; launch guidance maintained at INR 135 billion.

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

• Implied EBITDA margin for current sales expected at 35%, with PAT margin remaining strong.

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

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