Stock Report

Signature Global achieves record INR 59.0 billion Pre-Sales in H1FY25 with 217% YoY Growth

Posted On : 2024-10-09 10:08:55( TIMEZONE : IST )

Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi NCR, has reported its best-ever half-year pre-sales with INR 59.0 billion in H1FY25, reflecting an impressive 217% growth year-on-year. With these pre-sales' performance, the company has already achieved 59% of its sales guidance of INR 100 billion for FY25. These strong presales performance was driven by the successful launch of a mid-income housing project in Sohna, South Gurugram, and a large group housing project on SPR Road, Gurugram. Despite the "Shradhh" period, Q2FY25 pre-sales amounted to INR 27.8 billion, a 184% increase against the Q2FY 24.

The Company's collections in H1 FY25 grew by 60% to INR 21.3 billion. Net debt stood at INR 10.2 billion at the end of H1 FY25 in comparison to INR 11.6 billion as at the end of FY24.

Below are the operational highlights for the quarter ended September 30, 2024.

Signature Global India Ltd - Q2 FY2025 Operational Update

Commenting on the company's performance, Mr. Pradeep Kumar Aggarwal, Chairman and Whole- Time Director, said " We feel both humbled and elated by our operational growth, which is the result of our team's commitment to efficiency and thoughtful expansion. We're also excited about how our investments in innovation are making us stronger. As we move forward, we're confident in maintaining this momentum and building on our shared achievements.

Our resilience in the face of market fluctuations underscores the strength of our business model and our ability to adapt to evolving industry dynamics. As we scale new heights, we remain dedicated to enhancing shareholder value and driving sustainable growth. Our focus on premium and mid-housing projects, strategic land acquisitions, and the introduction of new customer-centric initiatives will ensure we stay ahead of the curve. We are well-positioned to seize emerging opportunities and further reinforce Signature Global's leadership in the sector."

Shares of Signatureglobal India Limited was last trading in BSE at Rs. 1535.10 as compared to the previous close of Rs. 1530.60. The total number of shares traded during the day was 20393 in over 983 trades.

The stock hit an intraday high of Rs. 1549.00 and intraday low of 1424.80. The net turnover during the day was Rs. 31123106.00.