Signature Global (India) has reported a 184% increase in pre-sales during the second quarter of financial year 2024-24 amounting to Rs 27.8 billion.
The company registered pre-sales of Rs 59.0 billion in H1 FY25, a 217% year-on-year growth. With this, it claims to have already achieved 59% of its sales guidance of Rs 100 billion for FY25.
Pradeep Kumar Aggarwal, chairman and whole-time director of the company said, “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.”The company’s collections in H1 FY25 grew by 60% to Rs 21.3 billion. Sales realization for H1 FY25 increased to Rs 13,379 per sq ft compared to Rs 11,762 per sq ft in FY24.
Net debt stood at Rs 10.2 billion at the end of H1 FY25 in comparison to Rs 11.6 billion as at the end of FY24.
