New Delhi, Aug 7 (PTI) Realty firm Signature Global on Wednesday reported a consolidated net profit of Rs 6.76 crore for the quarter ended June on higher income.

The company had posted a net loss of Rs 7.22 crore in the year-ago period.

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Total income rose to Rs 427.98 crore in April-June FY25 from Rs 178.90 crore in the corresponding period of the previous year, the company said in a regulatory filing.

"Continuing with the momentum achieved in FY24, the company reported another stellar performance for the first quarter of FY25. Our operational performance is a testimony of our steadfast commitment to delivering quality products & services to our customers ensuring sustainable profitability and long-term value for all stakeholders," Pradeep Kumar Aggarwal, Chairman and WholeTime Director, said.

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"In the first quarter itself, we have achieved 30 per cent of annual pre-sales target. We are planning to launch few projects over coming quarters and this is likely to boost our operational targets," he added.

Gurugram-based Signature Global has so far delivered 11 million square feet of housing area and boasts a robust pipeline of about 32.2 million square feet of saleable area in the forthcoming projects along with 16.4 million sq ft of ongoing projects, set for execution over the next 2-3 years.

In 2023-24, Signature Global achieved sales bookings of Rs 72.70 crore. The company projects sales of Rs 10,000 crore in this fiscal.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)