Signature Global Q1 Loss at Rs 16.52 Cr; Revenue Drops to Rs 612 Cr

New Delhi: Realty firm Signature Global on Thursday reported a consolidated net loss of Rs 16.52 crore for the quarter ended June on lower income.

Its net profit stood at Rs 34.43 crore in the year-ago period.

Total income fell to Rs 611.72 crore in the first quarter of this fiscal from Rs 898.35 crore in the corresponding period of the preceding financial year, according to a regulatory filing.

With a robust project pipeline and sustained construction progress, the company said it remains well-positioned for future revenue growth.

Signature Global Chairman Pradeep Kumar Aggarwal said, “While revenue recognition was influenced by project timelines, our underlying business fundamentals and execution momentum remain strong, supported by a robust project pipeline and steady construction progress.” During the June quarter, he said the company forayed into the branded residences segment through its partnership with Tonino Lamborghini.

“Going ahead, Gurugram’s real estate market is expected to remain on a strong growth trajectory, supported by infrastructure development, improving connectivity and sustained housing demand. We remain focused on timely execution, prudent capital allocation, and expanding our presence across high-growth micro-markets to deliver long-term value for all stakeholders,” Aggarwal said.

Signature Global, one of the leading real estate developers in the country, has so far delivered 19.2 million sq ft.

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