Shares of Signature Global surged nearly 3% after the company reported a 240% jump in Q4 pre-sales and a 61.8% rise in collections year-on-year.
The NCR-based real estate developer revealed that during the final quarter of the previous fiscal year, sales bookings were ₹4,140 crore. Sales bookings for the entire 2023–2024 fiscal year totaled ₹7,270 crore, representing a 112% annual growth rate.
The company’s first-ever premium housing project launched successfully, allowing it to surpass its FY24 forecast of ₹4,500 crore.
A 49% increase in sales realisation to ₹11,762 per square foot in FY24 from ₹7,886 per sq. ft in FY23 was a major factor in sales.
Net debt stood at ₹1,160 crore at the end of FY24, marginally higher than ₹1,090 crore in FY23. However, the company noted that this increase is marginal considering the more than doubled pre-sales for the year.
Signature Global sold 1,484 units in the January-March period, up from 1,399 units in the year-ago period. In terms of volume, the company sold 2.98 million square feet of area, up from 1.41 million square feet.
As of 10:20 am, Signature Global shares were trading 3.12% higher at ₹1,346.95 on the NSE.
