The shares of the leading real estate developer gained up to 3.3 percent after the company achieved record sales of more than Rs 3600 Crores.
With a market capitalization of Rs 19,924.42 crore, the shares of Signatureglobal (India) Ltd were trading at Rs 1,418.00 per share, increasing around 2 percent as compared to the previous closing price of Rs 1,391.40 apiece.
According to the company filing, Signatureglobal (India) Ltd has reported pre-formal launch sales of more than Rs 3600 crores for its latest luxury housing residential development project, ‘DE LUXE-DXP,’ in Sector 37D, Gurugram, which spread over 16.5 acres.
Furthermore, DE LUXE-DXP comprises 1,008 thoughtfully designed residences across 8 towers, which include 3BHK, 3.5BHK, and 4.5BHK apartments, and penthouses. This project provides a one-of-a-kind living experience to residents by including 7 swimming pools, podium parking, and two clubhouses totaling 80,000 square feet.
Moreover, This project has a sales potential of 2.7 million square feet. Strategically located in Gurugram’s Sector 37D, near the bustling Dwarka Expressway.
The company’s revenue increased by 54 percent, from Rs 183.16 crore in Q3FY23 to Rs 281.81 crore in Q3FY24. During the same period, net profit increased by 104 percent, from a loss of Rs 44.89 crore to a profit of Rs 2.18 crore.
As of December 2024, The Company sold 3,135 units at an average ticket size of Rs 10.0 mn during the first 9m of the current financial year. The company’s 91 percent of sales come from high-margin mid-income & retail product categories with an embedded EBITDA margin of 32 percent.
The stock has delivered multi-bagger returns of 209.16 percent in the last six months. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.09 lakh in six months.
Signatureglobal (India) Limited is a real estate development company based in the National Capital Region of Delhi (“Delhi NCR”) that specializes in low- and mid-priced residences.
Written by:- Abhishek Singh
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