SignatureGlobal India Ltd Share Price – NSE  /  BSE

Realty, Small Cap

Sequentially, the company’s pre-sales declined by 25% from Rs 4,140 crore posted in Q4 FY24.

The company has successfully entered the premium housing market and launched two group housing projects in Gurugram, both receiving an overwhelming response, during the last two quarters

The company sold 968 units as of 30 June 2024 as against 894 units recorded in the corresponding period last year (up 8% YoY and down 35% QoQ).

The company’s sale bookings surged to 2.03 million square feet (mn. Sq ft.) in Q1 FY25 from 0.91 mn. Sq ft in Q1 FY24 and 2.98 mn. Sq ft in Q4 FY24.

The collections amount stood at Rs 1,210 crore as on 30 June 2024, (up 102% YoY and up 20% QoQ).

The company’s sales realization for Q1 FY24 was at 15,369 per sq. ft. and the company’s net debt was at Rs 980 crore for Q1 FY24.

Pradeep Kumar Aggarwal, chairman and wholetime director, said, “Signature Global continues to ride a high growth trajectory, showcasing robust pre-sales and collection figures for the third consecutive quarter. We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving Rs 100 billion in pre-sales. Remarkably, in the first quarter alone, we have already surpassed 30% of this target.

Our second successful launch in the premium segment stands as a testament to our capabilities and our dedication to delivering excellence. We are committed to ensuring that the trust of our valued customers remains steadfast, as we continue to innovate and expand our offerings. Our performance thus far underscores our strategic vision and the effectiveness of our growth initiatives, reinforcing our position in the industry.”

Signature Global is a publicly-held real estate development company in India. It was established in 2014 and is headquartered in Gurgaon, Delhi. It operates in the residential and commercial sectors and has developed projects in Delhi-NCR region.

The scrip hit an all-time high at Rs 1,559.15 in intraday today.

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SignatureGlobal India announced that Sternal Buildcon, a wholly owned subsidiary the company had executed a sale deed dated 13 June 2024 to purchase the land admeasuring approximately 3.80625 acres situated at Sector 37D, on Dwarka Expressway, Village Harsaru Gurugram. The said land has an overall potential developable area of approximate 6 lacs square feet.

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Net profit of SignatureGlobal India rose 441.52% to Rs 41.21 crore in the quarter ended March 2024 as against Rs 7.61 crore during the previous quarter ended March 2023. Sales declined 1.46% to Rs 694.36 crore in the quarter ended March 2024 as against Rs 704.64 crore during the previous quarter ended March 2023.

For the full year,net profit reported to Rs 16.18 crore in the year ended March 2024 as against net loss of Rs 63.86 crore during the previous year ended March 2023. Sales declined 20.15% to Rs 1240.55 crore in the year ended March 2024 as against Rs 1553.57 crore during the previous year ended March 2023.

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SignatureGlobal India will hold a meeting of the Board of Directors of the Company on 15 May 2024

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