Signpost India Limited has informed the Exchange about Investor Presentation
November 17, 2025
To: Listing Compliance BSE Limited, 25th floor, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400023 Stock Code: 544117
Dear Sir/Madam,
To: Listing Compliance National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, ‘G’ Block, Bandra- Kurla Complex, Bandra East, Mumbai 400 051 Stock Code: SIGNPOST
Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Investor Presentation
(“SEBI Listing Regulations”) –
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the First Investor Presentation of the Company covering, inter-alia, the financial performance of the Company for second quarter and half year ended September 30, 2025.
The said presentation will be referred to in the future investor/analyst meets of the Company as and when scheduled.
This intimation www.signpostindia.com.
is also being uploaded on
the Company’s website at
Kindly take the above presentation on record.
Thanking you,
Yours Sincerely, For Signpost India Limited
Jenny Shah Company Secretary & Compliance Officer
Encl: as above
Website: www.signpostindia.com
Signpost India Limited
Investor Presentation – November 2025
Safe Harbour
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Signpost India Limited (the “Company”), have been prepared solely for
information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on
in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering
document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or
warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this
Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of,
or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and
collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks,
uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the
economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its
strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the
Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could
differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information
contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the
Company is not responsible for such third-party statements and projections.
SIGNs of Tomorrow
2
2
Industry Overview
3
India’s OOH Industry Transformation
•
India’s OOH segment reached an all-time high of ₹59.2 billion in 2024, driven by its ability to deliver premium, high-impact visibility for brands
• Growth was supported by urbanization, rising transit infrastructure (metros, airports, highways) and expansion of digital OOH inventory.
• Key spending categories: Real estate, FMCG, Retail, Consumer services, and Election advertising.
• Growth will be driven by premiumization of assets, transit media expansion, and integration with digital ad networks.
•
Implementation of standardized metrics like Roadstar is expected to enhance accountability and attract higher ad spends
OOH Industry Transformation: From Conventional to Digital and Transit
DOOH 7
Rs. In Bn
DOOH
13
In 2024, the OOH industry composition stood at approximately 60% Traditional OOH, 28% Transit OOH, and 12% Digital OOH (DOOH).
Transit
16
2024
2027
40 Conventional
36
Conventional
26
Transit
By 2027, the share is projected to evolve to about 51% Traditional OOH, 32% Transit OOH, and 17% Digital OOH (DOOH) — underscoring the accelerating digital and transit-led transformation of India’s OOH sector.
Source: FICCI-EY Media & Entertainment Industry Report
SIGNs of Tomorrow
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4
DOOH is the Fastest-growing Segment
Indian advertising market projected to grow at a 7.5% CAGR by 2027
OOH projected to grow at a 10.2% CAGR by 2027
DOOH projected to grow at a 24.3% CAGR by 2027
1279
1184
7.5%
1088
1587
) n o
i l l i
B
. s R ( e u n e v e R s s o r G
10.2%
79
) n o
i l l i
B
. s R ( e u n e v e R s s o r G
48
54
59
13
24.3%
7
) n o
i l l i
B
. s R ( e u n e v e R s s o r G
4
3
2022
2023
2024
2027
2022
2023
2024
2027
2022
2023
2024
2027
DOOH is the fastest-growing segment, significantly outpacing overall ad industry growth
Source: FICCI-EY Media & Entertainment Industry Report
SIGNs of Tomorrow
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5
DOOH Adoption is Accelerating Across India
Digital formats are capturing share – DOOH to rise from 12% (2024) → 17% (2027)
Digital
12%
Digital
17%
2024
2027
88%
Static (Traditional)
83%
Static (Traditional)
Growth Drivers
Urbanization & Infra Expansion: more premium DOOH inventory in metros & airports
Transit Expansion (50 new airports by 2030, metro/rail growth): high-dwell DOOH zones
Tier-2/Tier-3 MSMEs: adopting DOOH via programmatic buying
Ad-Tech Integration: DOOH shifting from static branding to performance-led, targeted campaigns
Data-Driven Micro-targeting: DOOH aligning with digital advertising habits
DOOH is transforming OOH from a static medium to a performance-led, accountable channel
Source: FICCI-EY Media & Entertainment Industry Report
SIGNs of Tomorrow
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6
About Us
7
Company Snapshot
Top 3
OOH Player Nationally
12,500+
Assets Managed Transit platforms, DOOH & OOH
25+
Cities Across India Geographical Footprint
1,681+
Active Clients
14 years
Avg. Remaining Contract Tenure
Captura
Proprietary AI-Powered Media Planning Platform
75%
Direct Client Relationships
25,000+ Sq. ft.
Premium Digital Pannels
Positioned at the intersection of urbanization, infrastructure development, and digital advertising transformation
SIGNs of Tomorrow
8
8
Company Overview
Headquartered in Mumbai, with a portfolio spanning 12,500+ transit and digital assets across 25+ cities, SIL today serves 1,600+ advertisers, combining scale, digital capability and deliver measurable brand impact across the country.
operational
excellence
to
02
03
the
shift
from
Leading India’s OOH transformation, SIL has pioneered conventional billboards to a compliance-driven, PPP-led, and technology-empowered ecosystem — integrating data analytics, design innovation and digital media redefine urban engagement.
to
Incorporated in 2008, Signpost India Limited (SIL) has built a trusted, data-driven ecosystem by combining urban functionality, creative design and intelligent advertising solutions - anchored in long-term partnerships with city authorities, to emerge as one of the most future-ready players in India’s OOH industry.
01
04
in digital
Guided by a vision to create sustainable and aesthetically vibrant cities, SIL continues to infrastructure and smart invest mobility assets that enhance public spaces, strengthen civic partnerships and position the company at the forefront of India’s smart-city evolution.
is
Our Mission advertising experiences that drive success clients and engage audiences in meaningful ways.
impactful, data-driven for our
to provide
We operate with the Vision, "Signs of Tomorrow," placing data and technology at the core to evolve brands so they can connect with unique consumers, while investing in megaprojects to foster futuristic cityscapes.
SIGNs of Tomorrow
9
9
Setting Industry Benchmarks: A Journey of Firsts
First Indian Company to design and deploy smart IOT data systems into DOOH
India's First-ever Digital Media Integration (Trendsetter – Airports, Roads, Malls, Metros)
CRISIL – ST A2, LT BBB+/Stable (March 2025)
First to implement DOOH network across top 60 cities is been awarded - IOCL, BPCL & HPCL
India's first computer vision-based video analytics tool certified by IISc for traffic management and advertising intelligence
First to create India’s largest transit portfolio
Owns and operate 73.3 millions commercial display space
First DOOH company to be listed on NSE and BSE and ranked in the top 1,000 highest performing by BSE – 2023-2024
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10
Key Milestones
PPP pivot; winning first city-wide contracts for street furniture, bus shelters, metro/transit; focus on infra-led contracts.
Technological leap: early investments in cloud-based, digital OOH. Deep analytics, dynamic pricing, launch of “Captura” platform.
Year of Reimagination: leveraging tech, data and design amplification to evolve as a National ROI-led OOH solutions platform
2012 - 16
2020 - 21
2024
2008 - 11
2017 - 19
2023 - 24
2025
Foundation; Focused on commuter convenience and city beautification
Transit diversification; metro, airports, and oil marketing company (OMC) relationships seeded.
Reverse merger with Pressman Advertising, enhancing scale, governance, and legacy strengths while enabling listing for greater transparency and investor reach
Redefined internal systems, governance and capabilities to align with the company’s next phase of growth — a pivotal shift from a scale- driven model to a technology-led enterprise
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11
Geographic Presence
Agra
Delhi
Lucknow
Noida
Jaipur
Jodhpur
Nagpur
Mumbai
Pune
Goa
Bengaluru
Chandigarh
Bagdogra
Haridwar
Ayodhya
Siliguri OMC
Prayagraj
Kolkata
Bhubaneswar
Hyderabad
Chennai
Puri
Tirupati
Billboard
Bus
Digital
Bus Shelter
Airport
Metro
Thiruvananthapuram
Raipur
Port Blair
Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness
SIGNs of Tomorrow
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12
Key Focus Areas
13
Core Strengths
Experienced Leadership Visionary leadership team led by Founder–Managing Director Mr. Shripad Asthekar, supported by experienced professionals including Chairman Mr. Girish Kulkarni and Founder-Director Mr. Dipankar Chatterjee
Hyperlocal Solutions Delivering smart, location-intelligent advertising that’s contextually relevant to the local viewer — enabling sharper targeting, higher engagement and measurable ROI at the micro-market level.
Captura – Proprietary AI Platform Advanced video analytics and image-learning engine that tracks traffic patterns, vehicle and pedestrian flow and audience behavior in real time. Also drives tech-enabled campaign execution — from planning to delivery to invoicing — creating a seamless, data-driven media management chain
Strong Client Base Trusted by 1,500+ clients across sectors with 60% repeat business; 70% of revenue comes from direct client relationships and 30% via aligned partnerships — a rare strength in an otherwise agency-driven industry
Largest Transit and Bus Queue Shelter Operator Among the largest transit media operators in India and the largest bus queue-shelter operator nationwide, with a presence across high-traffic commuter corridors.
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14
Business Strategy
Ad-Tech Innovation Building a robust pipeline of open-source data leading to latitude–longitude-based assets across geographies, enabling measurable, data-driven and interactive campaigns.
Stakeholder-Centric Growth Committed to delivering value for citizens, urban authorities, investors, employees, and future generations via acquisitions, investments, and strategic alliances.
03
04
Sustainable Urban Infrastructure Leveraging expertise in self-sustaining assets like digital bus shelters, automated skywalks, city info panels, e-libraries, and e-bikes, enhancing both advertising and public utility.
05
Premium & Iconic Assets Focused on acquiring and operating iconic locations across top Indian cities through long- term contracts (avg. tenure >14 years) with strong renewal history.
02
Operational Excellence Deploying dynamic operation solutions to optimize resources, improve inventory utilization, and ensure efficient delivery.
06
Market Leadership in DOOH Established (DOOH) advertising, shaping the growth at speed globally, backed by consistent growth and multi-format presence.
in Digital Out-of-Home
leader
01
07
Strong ESG Commitment Targeting net zero by 2030 with 95% media on LED, fleet limited operating hours, and sustainable adoption.
SIGNs of Tomorrow
15
15
Competitive Advantage
Strong Market Tailwinds Signpost has an early-mover advantage in Digital Out-of-Home (DOOH), projected to grow at 30%+ CAGR - far outpacing the broader OOH market at 12%
Strategic Growth Optionality Platform extendable into urban analytics, mobility data, and smart infrastructure — unlocking future monetization streams
Proven Scale & Traction
Proven ability to execute large-scale projects simultaneously across multiple geographies with robust systems and cross-functional coordination
Professionally Managed Signpost stands among very few professionally managed player in industry - ensuring institutional governance, scalability and continuity without legacy constraints.
Sustainable Growth Model Long-term partnerships ensuring asset exclusivity in high-footfalls zones and recurring revenues
Technology Leadership Pioneering data intelligence, automation, and IoT integration to drive scalable, tech-enabled growth
SIGNs of Tomorrow
16
16
Scaling New Horizons with Strategic Partnership
Partnered with Ernst & Young (EY) to drive a comprehensive transformation aimed at unlocking ₹200 Cr+ topline expansion and scalable growth on vintage assets.
Exploring EY-Led Business Partnerships across marquee platforms, leveraging EY’s strategic relationships to open new revenue channels for Signpost.
Revising SOPs and Processes across functions, while fostering innovation and talent development to strengthen capabilities for onboarding new projects and clients.
Developing an Asset-Light Growth Strategy focused on optimizing capital efficiency and accelerating sustainable business expansion
SIGNs of Tomorrow
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17
Board of Directors
Mr. Girish Kulkarni Non-Executive Chairman and Independent Director
With over four decades of experience, he is a seasoned leader known for building and scaling businesses with strong expertise in governance and strategic planning.
Mr. Shripad Ashtekar Managing Director
A visionary entrepreneur with a strong track record in strategic leadership and innovation. Experienced in scaling integrated AdTech businesses and driving long-term growth.
Mr. Dipankar Chatterjee Executive Director
Mr. Rajesh Awasthi Executive Director
distinguished
turnaround A specialist, his recognized exemplary achievements within the advertising industry.
for
A seasoned professional with over 20 years of experience in OOH Advertising, specializing in media acquisition, large- scale execution, infrastructure operations, and institutional sales.
d n a e v i t u c e x E - n o N
r o t c e r i D t n e d n e p e d n I
Mr. Sanidhya Mittal
A forward-looking leader shaping Greenply’s growth, innovation, and operational excellence across core business functions.
Mrs. Amita Desai
Ms. Sayantika Mitra
Mr. Prashant Sanghavi
A highly experienced professional with over 30 years of expertise in corporate governance, compliance, and advisory services.
An Advocate and Partner at Victor Moses & Co., Kolkata, skilled in legal research with the certification to practice in courts across India.
An accomplished professional with 25+ years in business development, structured finance, IPO listings, and fund-raising.
SIGNs of Tomorrow
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18
Leadership Team
• Mr. Shripad is the founder and managing director of Signpost India Limited, a distinguished AdTech media company its independence and vertical integration.
India, renowned for
in
• Under his visionary
leadership, Signpost has emerged as one of the top three companies in India within its sector.
Mr. Shripad Ashtekar Managing Director
Mr. Nalin Kumar Somani Chief Financial Officer
• Mr. Nalin is a Finance and accounts professional with 12+ years of experience in financial planning, budgeting, taxation, reporting, cost optimization, and strategic analysis.
• A Chartered Accountant and Company Secretary with strong expertise in financial management, compliance, and corporate governance.
• Mr. Syed is a technology-driven business leader in scaling institutional
with over 15 years of experience innovation-led enterprises.
ventures
into
• Since 2019, he has built Signpost’s greenfield technology division, India’s first large-scale digital in-house OOH CRM the OOH network, and platform, Captura.
Mr. Syed Haseeb Arfath Chief Planning Officer
Mr. Roch Dsouza Chief Strategy Officer
• Mr. Roch is a seasoned Strategy and Marketing leader with over 20 years of experience in driving growth for some of India's most iconic brands. • An MBA in marketing, his pulse of the diverse Indian market and consumer has helped him deliver and businesses.
geographies
results
across
• Mrs. Swati has
joined us as Head of Human resources. She is a strategic and results – driven HR leader with close to 20 years of progressive experience, driving people strategy across different industries. • She brings
in talent strategy including workforce planning, attracting and retaining right talent, leadership development and coaching, DEI initiatives and change management.
in her expertise
Mrs. Swati Sinha Head – Human Resources
• Ms. Jenny Shah is an Associate Member of the
Institute of Company Secretaries of India.
• With over 18 years of experience in corporate secretarial and compliance functions, Jenny brings extensive expertise in Company Law and SEBI regulations.
Ms. Jenny Shah Company Secretary & Compliance Officer
SIGNs of Tomorrow
19
19
Awards and Recognition
2019
OOH Media Agency Of The Year 2019 At E4M Neon's OOH Awards
Best Implementation Team Award At EMVIES
2020
Most Awarded Agency At Afaqs Foxglove Awards 6th Edition
2021
The Best of Karnataka Award at the Pepper Creative Awards 2021
150+ Awards
2022
2024
Enginneering Design for installed project
Technical response for covid-19 at the Digital Signage Awards, London 2022
OOH & Ambient Media Award at Big Bang 2024
OOH Design & Super powerhouse award at Pinanacle Awards 2024
SIGNs of Tomorrow
20
20
Business Segments
21
Transit Advertising
Strategic Positioning: Market leadership in high-density locations across major cities in WEST Zones (Work, Entertainment, Shopping, Transit).
Asset Base: 12,500+ buses, metro networks, airport installations across major urban centers
Growth Drivers: India's public transportation expansion with 1.5L new electric/hybrid bus procurement
Competitive Advantages: Established relationships, regulatory compliance, operational expertise
Revenue Characteristics: Stable, recurring, with built-in escalation mechanisms and long contract durations
50% of Revenue Share
SIGNs of Tomorrow
22
22
Digital Advertising
Technology Leadership: First-mover advantage in cloud-based content management systems
Market Dynamics: 22%+ growth rate significantly exceeding overall OOH market expansion
Revenue Optimization: Multi-client sharing capability increasing revenue per square foot by 300-400%
Network Effects: 387+ strategically located digital assets across 25+ cities creating national reach
Future Potential: Programmatic advertising and dynamic pricing capabilities under implementation
28% of Revenue Share
SIGNs of Tomorrow
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23
Conventional Formats
Stability Factor: Lower-risk, established revenue stream with minimal technology investment
Market Position: Selective participation in high-quality, government-backed locations only
Strategic Role: Cash generation for digital expansion and portfolio stability during transition periods
Evolution Path: Learning from data patterns to refine pricing and improve campaign performance
Future Potential: Dynamic pricing capabilities under implementation
22% of Revenue Share
SIGNs of Tomorrow
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24
Asset Platform & Monetization Model
Asset Platform
City Contracts: Bus shelters, metro, airports, and digital assets (7–20 year contracts via H1 techno-commercial bidding)
Capex: Infra construction + digital enablement; upfront security deposit (typically 50% of annual license)
Opex: Maintenance, cleaning, design, and operational responsibilities
Legacy Private Sites: Few in number, not core focus
Monetization Channels
Transit Advertising: Ads across public transport infra (bus shelters, metro stations); long gestation, embedded visibility, scalable to Tier-2/3 cities
Digital Advertising: Cloud-connected, programmatic screens enabling hyperlocal campaigns, multi-client optimization, and real-time analytics
Conventional Formats: Traditional static displays for stable revenue
Contract Mechanics
Stratified Revenue Recognition: Revenues booked as assets come online, ensuring gradual visibility
Front-Loading of Capex/License: Creates short-term P&L mismatch, normalizes with utilization ramp-up
Vintage Asset Effect: Assets >12 months show improved ROC/EBITDA due to scale benefits
SIGNs of Tomorrow
25
25
Marquee Clients
SIGNs of Tomorrow
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26
Key Projects
Iconic Digital Bus Shelter, BKC
Story Board, Mumbai Metro Line
Digital Bus Shelter, Mumbai
Switch Double Decker, Mumbai
SIGNs of Tomorrow
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27
Key Projects
Conventional Board, Bangalore
Metro Station, Bangalore
Volvo, Bangalore
Digital Bus Shelter, Bangalore
SIGNs of Tomorrow
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28
Key Projects
Digital Pods, Nagpur Airport
Conveyor Belt Screens, Nagpur Airport
Digital Screen, OMC, Port Blair
Cityflo’s Fleet, Metro Cities
SIGNs of Tomorrow
29
29
Key Projects
Digital Pods, CP, New Delhi
Digital Pods, Bagdogra Airport
Conveyor Belt Screen, Bagdogra Airport
SIGNs of Tomorrow
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30
Financial Highlights – Q2 & H1 FY26
31
Management Commentary
“The first half of FY26 has been a defining phase for Signpost — a period where we have reimagined our approach, scaled new horizons and forged strategic partnerships that will drive the next leg of our growth. During this period, we have also focused on strengthening our internal competencies by inducting new talent across key functions, building a stronger foundation for the future.
Revenue for Q2FY26 stood at ₹134.0 crore. EBITDA for the quarter came in at ₹34.4 crore, with EBITDA margin at 25.7%. PAT stood at ₹15.7 crore, broadly stable on a year-on-year basis. Operationally for H1FY26, we have sustained the strong momentum built over the past year. For the first half of FY26, revenue grew by 18% year-on-year to ₹271.7 crore, driven by healthy traction from both private and PSU clients, coupled with improved network utilization and steady asset monetization. EBITDA for H1FY26 was up 14% to ₹66.2 crore and PAT higher by 14% at ₹30.9 crore, demonstrating consistent improvement in scale and profitability.
A major milestone of the quarter was securing the exclusive 9-year Bengaluru Metro contract, covering 67 stations and over 100,000 sq ft of premium media inventory, with revenue potential of up to ₹700 crore over the contract period. This reinforces our position as a commuter-centric, infrastructure-led media player with a proven ability to deliver large-scale transit projects.
Strategically, we continued to expand our footprint across newer geographies to reduce concentration risks and build a more balanced, pan-India network. Our objective remains to position Signpost as a company that stands at the intersection of commuter convenience and infrastructure-led solutions — one that combines long-term visibility with new-age thinking and technology-driven execution.
As we move ahead, the focus will remain on sustainable and profitable growth, deepening our presence across key markets and driving innovation in the Out-of-Home and Digital OOH domains. We are confident that the strategic initiatives and partnerships undertaken this year will translate into stronger performance and value creation in the coming quarters.”
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32
Mr. Shripad Ashtekar, Managing Director
Performance Highlights – Quarter & YTD
Revenue (Rs. Cr)
Gross Profit (Rs. Cr) & Margin (%)
EBITDA (Rs. Cr) & Margin (%)
PAT (Rs. Cr) & Margin (%)
+3%
130
134
-9.4%
61
47.3%
56
41.4%
+0.9%
-1.6%
34
26.3%
34
25.7%
16
12.3%
16
11.7%
Q2FY25
Q2FY26
Q2FY25
Q2FY26
Q2FY25
Q2FY26
Q2FY25
Q2FY26
+18%
272
230
+1.4%
+13.8%
+13.9%
107
46.4%
108
39.8%
58
25.3%
66
24.4%
27
11.8%
31
11.4%
r e t r a u Q
y l r a e Y - f l a H
H1FY25
H1FY26
H1FY25
H1FY26
H1FY25
H1FY26
H1FY25
H1FY26
SIGNs of Tomorrow
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33
Consolidated Profit & Loss Statement
Particulars (Rs. Crs)
Revenue from Operations
Q2FY26
134.02
Q2FY25
129.70
Cost of Services
Gross Profit
Gross Profit %
Employee Expenses
Other Expenses
Operating EBITDA
EBITDA Margin
Other Income
Depreciation
EBIT
EBIT Margin
Finance Cost
Profit Before Tax
PBT Margin
Tax
Net Profit
Net Profit Margin
EPS
78.49
55.54
41.4%
11.22
9.88
34.44
25.7%
1.22
9.85
25.81
19.3%
3.23
22.58
16.8%
6.88
15.70
11.7%
2.94
68.42
61.28
47.3%
11.86
15.29
34.13
26.3%
0.96
8.45
26.63
20.5%
2.82
23.81
18.4%
7.86
15.95
12.3%
2.98
YoY
3%
-9%
1%
-3%
-5%
-2%
H1FY26
H1FY25
271.67
163.44
108.23
39.8%
21.43
20.61
66.19
24.4%
2.32
19.06
49.46
18.2%
6.60
42.86
15.8%
11.89
30.97
11.4%
5.79
230.17
123.44
106.73
46.4%
21.11
27.46
58.16
25.3%
2.29
16.73
43.71
19.0%
6.69
37.03
16.1%
9.85
27.18
11.8%
5.08
YoY
18%
1%
14%
13%
16%
14%
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34
Quarterly Revenue Breakup
Segmental (By % of Revenue)
Geography (By % of Revenue)
Revenue (Rs. in cr.)
130
110
112
138
134
53%
51%
60%
58%
60%
58%
55%
50%
53%
59%
15%
26%
20%
27%
26%
23%
25%
16%
25%
17%
Q2FY25
Q3FY25
Q4FY25
Q1FY26
Q2FY26
16%
14% 10% Q2FY25
18%
13% 11% Q3FY25
22%
13% 10% Q4FY25
30%
12% 9% Q1FY26
28%
11% 8% Q2FY26
Transit Media*
Digital OOH
Conventional OOH & Static Media
West
South
North
East
Contract Vintage (By % of Revenue)
Client Category (By % of Revenue)
Relationship (By % of Revenue)
42%
32%
27%
59%
57%
66%
60%
28%
13%
20%
23%
23%
10% Q1FY26
26%
14%
Q2FY26
Q2FY25
Q3FY25
Q4FY25
39%
51%
9% Q2FY25
70%
74%
16%
13%
9% 17%
66%
14%
20%
48%
40%
12%
81%
19%
67%
67%
66%
33%
33%
34%
51%
49%
Q3FY25
Q4FY25
Q1FY26
Q2FY26
Q2FY25
Q3FY25
Q4FY25
Q1FY26
Q2FY26
Legacy
Emerging
New Acquisition
Corporate
PSU
MSME
Direct Biz.
Aligned biz
Transit Media* - Includes Metros, Airports, Shelters; Aligned biz# - via Third Party Contracts
SIGNs of Tomorrow
35
35
Consolidated Balance Sheet
ASSETS (Rs. in Crore) Non-current Assets Plant and Property Equipments Capital Work-in-progress Investment Property Intangible Assets Right of use assets Financial Assets Investments Others
Deffered Tax Assets (net) Current tax assets (net) Other Non Current Assets
Current Assets Financial Assets
Trade Receivable Cash & Cash Equivalents Bank Balances Other than above Loans Others
Current Tax Assests (net) Other Current Assets
TOTAL - ASSETS
Sept – 25
Mar – 25
176.0 39.0 0.1 0.1 5.9
0.9 56.3 7.7 9.8 13.1 308.9
242.5 1.4 64.0 0.0 0.4 0.0 45.2 353.6
662.5
175.5 33.1 0.1 0.2 6.1
0.9 45.6 8.7 25.4 7.8 303.5
178.6 2.2 44.6 0.0 1.2 0.0 24.9 251.5
555.0
EQUITY & LIABILITIES (Rs. in Crore) Equity Equity Share Capital Other Equity Non- controlling interests
Liabilities Non -current Liabilities Financial Liabilities
Borrowings Lease Liabilities Other Financial Liabilities
Provisions
Current Liabilities Financial Liabilities
Borrowings Trade Payables Lease Liability Other Financial liabilities
Other Current Liabilities Provisions Current Tax Liabilities
TOTAL EQUITIES & LIABILITIES
Sept – 25
Mar – 25
10.7 240.2 3.2 254.1
85.6 4.6 1.7 2.0 93.9
116.9 168.9 1.5 5.3 16.7 0.7 4.4 314.4
662.5
10.7 209.5 3.2 223.4
85.8 4.8 1.6 0.7 93.0
81.5 129.1 1.3 5.4 4.5 1.3 15.7 238.7
555.0
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36
Consolidated Cash Flow
Particulars (Rs. in Crore)
Net Profit Before Tax
Adjustments for: Non Cash Items / Other Investment or Financial Items
Operating profit before working capital changes
Changes in working capital
Cash generated from Operations
Direct taxes paid (net of refund)
Net Cash from Operating Activities
Net Cash from Investing Activities
Net Cash from Financing Activities
Net Change in Cash and Cash equivalents
Add: Cash & Cash equivalents at the beginning of the period
Cash & Cash equivalents at the end of the period
Sept – 25
Sept – 24
42.9
24.2
67.1
-0.5
20.1
-6.4
13.6
-42.5
28.0
-0.8
2.2
1.4
37.0
22.0
59.1
-0.3
27.3
-11.3
16.0
3.4
-26.3
-6.9
8.1
1.2
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37
Historical Financials
38
Historical Financial Highlights
Revenue (Rs. Cr)
Gross Profit (Rs. Cr) & Margin (%)
+17%
387
453
332
+2%
155
177
124
37.3%
39.9%
39.0%
FY23
FY24
FY25
FY23
FY24
FY25
EBITDA (Rs. Cr) & Margin (%)
PAT (Rs. Cr) & Margin (%)
-3%
83
89
70
21.0%
21.4%
19.6%
-16%
44
35
10.7%
11.4%
FY23
FY24
FY25
FY23
FY24
34
7.5%
1.0%
FY25
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39
Historical Revenue Breakup
Segmental (By % of Revenue)
Geography (By % of Revenue)
28%
19%
FY24
52%
26%
19%
FY25
55%
6% 4%
18%
FY24
73%
10%
13%
17%
FY25
60%
Transit Media*
Digital OOH
Conventional OOH & Static Media
West
South
North
East
Contract Vintage (By % of Revenue)
Client Category (By % of Revenue)
Relationship (By % of Revenue)
72%
26% 2% FY24
52%
29%
19%
FY25
50%
37%
13% FY24
60%
27%
13% FY25
72%
72%
28%
FY24
28%
FY25
Legacy
Emerging
New Acquisition
Corporate
PSU
MSME
Direct Biz.
Aligned biz#
Transit Media* - Includes Metros, Airports, Shelters; Aligned biz# - via Third Party Contracts
SIGNs of Tomorrow
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40
Historical Consolidated Profit & Loss Statement
Particulars (Rs. Crs)
Revenue from Operations
Cost of Services
Gross Profit
Gross Profit %
Employee Expenses
Other Expenses
Operating EBITDA
EBITDA Margin
Other Income
Depreciation
EBIT
EBIT Margin
Finance Cost
Profit Before Tax
PBT Margin
Tax
Net Profit
Net Profit Margin
EPS
FY25
453.22
276.57
176.65
39.0%
42.71
45.04
88.91
19.6%
5.19
37.64
56.47
12.5%
11.02
45.45
10.0%
11.55
33.90
7.5%
6.34
FY24
387.45
232.84
154.61
39.9%
33.50
38.29
82.81
21.4%
8.11
16.85
74.07
19.1%
8.37
65.71
17.0%
21.64
44.06
11.4%
8.24
FY23
332.45
208.32
124.12
37.3%
26.06
28.35
69.71
21.0%
4.62
15.63
58.70
17.7%
8.27
50.43
15.2%
14.95
35.48
10.7%
6.64
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41
Historical Balance Sheet
ASSETS (Rs. in Crore) Non-current Assets Plant and Property Equipments Capital Work-in-progress Investment Property Intangible Assets Right of use assets Financial Assets Investments Others
Deffered Tax Assets (net) Current tax assets (net) Other Non Current Assets
Current Assets Financial Assets Investments Trade Receivable Cash & Cash Equivalents Bank Balances Other than above Loans Others
Current Tax Assests (net) Other Current Assets
TOTAL - ASSETS
FY25
175.5 33.1 0.1 0.2 6.1
0.9 45.6 8.7 25.4 7.8 303.5
0.0 178.6 2.2 44.6 0.0 1.2 0.0 24.9 251.5
555.0
FY24
160.4 22.3 0.1 0.5 2.9
20.2 35.5 3.7 2.2 1.2 249.1
16.2 154.3 8.1 29.8 0.2 1.7 0.0 16.2 226.5
475.6
FY23
60.9 26.5 0.2 1.3 1.9
21.1 27.9 2.7 0.5 0.1 143.0
23.9 173.6 0.4 20.5 7.5 1.0 0.0 9.2 236.0
379.0
EQUITY & LIABILITIES (Rs. in Crore) Equity Equity Share Capital Other Equity Non- controlling interests
Liabilities Non -current Liabilities Financial Liabilities
Borrowings Lease Liabilities Other Financial Liabilities
Provisions
Current Liabilities Financial Liabilities
Borrowings Trade Payables Lease Liability Other Financial liabilities
Other Current Liabilities Provisions Current Tax Liabilities
TOTAL EQUITIES & LIABILITIES
FY25
10.7 209.5 3.2 223.4
85.8 4.8 1.6 0.7 93.0
81.5 129.1 1.3 5.4 4.5 1.3 15.7 238.7
555.0
FY24
10.7 178.6 3.1 192.4
79.2 0.6 1.5 0.0 81.3
72.2 106.5 2.4 9.0 10.8 1.0 0.0 201.9
475.6
FY23
10.7 136.6 0.0 147.3
36.3 0.9 0.9 0.5 38.5
58.6 103.2 1.2 10.9 16.8 0.4 2.0 193.1
379.0
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42
Historical Cash Flow
Particulars (Rs. in Crore)
Net Profit Before Tax
Adjustments for: Non Cash Items / Other Investment or Financial Items
Operating profit before working capital changes
Changes in working capital
Cash generated from Operations
Direct taxes paid (net of refund)
Net Cash from Operating Activities
Net Cash from Investing Activities
Net Cash from Financing Activities
Net Change in Cash and Cash equivalents
Add: Cash & Cash equivalents at the beginning of the period
Cash & Cash equivalents at the end of the period
FY25
FY24
FY23
45.5
45.3
90.7
-36.1
54.7
-24.0
30.7
-37.9
1.4
-5.9
8.1
2.2
65.7
21.0
86.7
1.4
88.0
-24.5
63.6
-100.9
44.7
7.4
0.7
8.1
50.2
31.2
81.4
-63.8
17.6
-9.3
8.3
-44.3
34.0
-2.0
2.6
0.7
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Signpost India Limited
India’s Largest Transit & DOOH Media Company
Signpost India is one of the country’s leading Digital-Out-of-Home (DOOH) media and transit-art infrastructure companies. We specialize in large-scale urban environments through innovation, technology, and high-impact brand experiences.
communication,
transforming
public-space
With a strong presence across major Indian cities, Signpost India builds and manages state-of-the-art transit media assets—metro stations, bus shelters, premium bus fleets, airports, and landmark digital billboards— reaching millions of commuters daily.
From design to deployment, our integrated solutions combine creativity, data intelligence, and engineering excellence to help brands connect with audiences seamlessly throughout their journey.
Signpost India is committed to shaping the future of OOH by creating sustainable, scalable, and smart media ecosystems that add value to cities, citizens, and brands.
@SignpostIndiaHQ
Signpost India
@SignpostIndia
Signpost India
@SignpostIndia
Company:
Signpost India Limited
CIN: L74110MH2008PLCI79120
E: cs@signpostindia.com
T: +91-22-61992400
www.signpostindia.com
Investor Relations Advisor: Strategic Growth Advisors CIN: U74140MH2010PTC204285 Mr. Parin Narichania / Ms. Drashti Shah E: parin.n@sgapl.net / drashti.shah@sgapl.net T: +91 9930025733 / +91 8767224442 www.sgapl.net
drashti.shah@sgapl.net
parin.n@sgapl.net
www.sgapl.net
44