Signatureglobal (India) gains as it reduces net debt by 29% in Q3
Signatureglobal (India) is currently trading at Rs. 1287.70, up by 24.35 points or 1.93% from its previous closing of Rs. 1263.35 on the BSE.
The scrip opened at Rs. 1258.05 and has touched a high and low of Rs. 1287.70 and Rs. 1256.35 respectively. So far 13404 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. 1038.50 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1320.85 and Rs. 1217.45 respectively. The current market cap of the company is Rs. 18033.14 crore.
The promoters holding in the company stood at 69.63%, while Institutions and Non-Institutions held 16.87% and 13.50% respectively.
Signatureglobal (India) has reduced its net debt by 29 per cent in the October-December quarter (Q3FY25) to Rs 720 crore on strong pre-sales and collections from customers. The net debt of Signature Global stood at Rs 1,020 crore at the end of the second quarter of this fiscal year.
The company's collection of funds from customers has risen 54 per cent to Rs 3,210 crore in the first nine months of this fiscal from Rs 2,090 crore in the corresponding period of the preceding year. The company has sold properties worth Rs 8,670 crore during April-December period of this fiscal, registering a sharp rise from Rs 3,120 crore in the year-ago period.
It has so far delivered 120 lakh sq ft of housing area and has a robust pipeline of 350 lakh sq ft of saleable area in its forthcoming projects, along with 158 lakh sq ft of ongoing projects. The company has been buying land to expand its business amid strong demand.
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.
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