Signature Global Q1FY24 Pre-sales At Rs 8,797.8 Mn

New Delhi, October 12, 2023: Signature Global on Thursday announced its un-audited financial results for the first quarter ended on June 30, 2023 (Q1FY24) and the KPI numbers for Q1FY24 and H1FY24. 

OPERATIONAL HIGHLIGHTS 

For H1 FY24:

• Pre-sales for H1FY24 grew 37.57% to INR 18,613.95 million as against INR 13,530.10 million in H1FY23
• Company reported 64.92% growth in H1FY24 collections at INR 13,274.58 million
• Sales realization grew to approx. INR 9,800 per sq. ft. from approx. INR 7,425 per sq. ft. in H1FY23
• Net Debt reduced to INR 3,699.67 million from INR 10,938.92 million at the end of FY23

Commenting on the company’s performance, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director, said “It is truly a pleasure to present our Q1FY24 performance for the first time since our listing. I want to extend my heartfelt gratitude to our shareholders for their unwavering support and trust in our vision. We are delighted to share that we have been able to reduce our net debt significantly in the second quarter following funds raised through initial public offer (IPO). The first half (H1FY24) has been truly remarkable in terms of our operational performance with our pre-sales growing 37% and sales realization reaching INR 9,800 per sq. ft. This is likely to reflect positively in the financial performance of second quarter. The collections too for the company have grown nearly 65% in H1FY24 showcasing significantly robust financial position of the Company. 

 (INR Million)