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Signature Global Ltd has reported a sharp rise in its consolidated net profit for the first quarter of FY26, hitting INR 34.43 crore five times more than the INR 6.79 crore it earned during the same period last year. This strong growth came on the back of a significant boost in total income, which nearly doubled to INR 898.35 crore, driven by increasing residential demand. The Gurugram-based company is a key player in India's real estate landscape and has been capitalizing on the country's robust appetite for affordable and mid-income housing.
Signature Global Ltd, headquartered in Gurugram, has recorded a remarkable five-fold growth in its consolidated net profit for the first quarter of the current financial year. The company reported a net profit of INR 34.43 crore, up sharply from INR 6.79 crore it earned in the same quarter last year. Advertisement
This substantial jump was backed by a solid increase in total income, which reached INR 898.35 crore more than double the INR 427.98 crore posted during the corresponding quarter in the previous fiscal. The figures were disclosed in a regulatory filing made by the company during the past week.
The company attributed this impressive growth to sustained housing demand, particularly in the affordable and mid-income segments, where Signature Global has maintained a stronghold. The performance reflects the overall positive sentiment in the real estate market, especially in regions like Gurugram and the National Capital Region (NCR), where the developer holds a sizable project portfolio.
Signature Global's strong quarterly performance comes at a time when India's housing market continues to see momentum post-pandemic, fueled by rising urban migration, improved income stability, and favorable interest rates over the past few quarters. The company has been actively expanding its footprint through a mix of new launches and delivery of existing projects.
Notably, Signature Global has also been gradually reducing its debt levels and streamlining operations since its IPO in 2023, aiming to build a lean and scalable growth model. The company has received a positive response from both investors and homebuyers, indicating long-term confidence in its business fundamentals.
Source PTI
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