SignatureGlobal Q3 Business Update: Pre-Sales At Rs 2,770 Crore

SignatureGlobal India Ltd. achieved pre-sales of Rs 2,770 crore in the quarter ended Dec. 2024, which is 120% higher as compared to the pre-sales of Rs 1,260 crore in the year-ago period.

Sequentially, however, the real estate company’s pre-sales were flattish when compared to the Rs 2,780-crore pre-sales achieved in the second quarter of the ongoing fiscal.

In the December quarter, the developer sold 1,518 units, which is higher as compared to 1,179 units sold in the year-ago period, and 1,053 units sold in the preceding September quarter.

As for collection in the quarter under review, the figure stood at Rs 1,080 crore, which the company said was the best that it has achieved till now.

The company’s third quarter collections witnessed a jump of 40% against its last year’s numbers which were at Rs 770 crore.

In a separate filing, the company has also intimated that it has appointed Sanjeev Kumar Sharma as its chief financial officer and key managerial personnel from Tuesday on the recommendation of the nomination and remuneration committee and approval of its audit committee.

Early this year, SignatureGlobal's Chief Executive Officer Rajat Kathuria had said that the company is charting an aggressive growth trajectory, anchored in Gurugram's real-estate market.

"We have about 35 million square feet of developable area, of which only a small portion — 20% — has been launched over the last calendar year," Kathuria said. "Almost 25 million square feet is with the company in advanced stages of approvals, which we intend to launch in two and a half years," he had said.

Shares of SignatureGlobal closed 0.48% higher at Rs 1,359.85 apiece on the BSE, compared to a 0.30% advance in the benchmark Sensex.