Signatureglobal edges higher after its pre sales reports 184% jump in Q2FY25
Signatureglobal (India) is currently trading at Rs. 1544.95, up by 9.85 points or 0.64% from its previous closing of Rs. 1535.10 on the BSE.
The scrip opened at Rs. 1570.00 and has touched a high and low of Rs. 1594.95 and Rs. 1541.05 respectively. So far 20044 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1645.85 on 26-Sep-2024 and a 52 week low of Rs. 485.45 on 10-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1608.00 and Rs. 1424.80 respectively. The current market cap of the company is Rs. 21739.11 crore.
The promoters holding in the company stood at 69.63%, while Institutions and Non-Institutions held 13.64% and 16.74% respectively.
Signatureglobal’s (India) pre sales zoomed 184% to Rs 2,780 crore in Q2FY25 from Rs 980 crore recorded in Q2FY24. Sequentially, the company’s pre-sales declined by 11% from Rs 3,120 crore posted in Q1FY25.
The company’s sale bookings surged to 2.38 million square feet (mn. sq. ft.) in second quarter of FY25 from 0.98 mn. sq. ft. in Q2FY24 and 2.03 mn. sq. ft. in Q1FY25. The collections amount stood at Rs 920 crore as on September 30, 2024. Net debt stood at Rs 1,020 crore as on September 30, 2024.
On half year basis, the Company has achieved best ever half year Pre-sales, i.e. Rs 5900 crore in H1FY25 showing a growth of 217% on Year-on-Year basis. Average Sales realization stood at Rs 13,379 per sq.ft in H1FY25. The company has achieved best ever half year collections, i.e. Rs 2130 crore for H1FY25.
Signatureglobal (India) is a real estate development company. The company operates in the National Capital Region of Delhi (Delhi NCR). The company strategically focused on the Affordable Housing segment and the Middle Income Housing segment through GoI and state government policies.