The shares of the leading real estate developer gained up to 7 percent after the company registered record sales of luxury residences worth over Rs 2,700 crore.
Signatureglobal (India) Ltd has a market capitalization of Rs 19,999.59 crore, the shares were trading at Rs 1,423.35 per share, increasing around 2.50 percent as compared to the previous closing price of Rs 1,386.65 apiece.
Description of Events:-
Today the company shares have seen bullish movement after Signatureglobal (India) Ltd achieved record sales of luxury residences projects worth over Rs 2,700 crore. The total sales figure is expected to increase significantly after the finalization of the allotment and setting a new benchmark in the region’s premium housing segment.
Matter explanation:-
Moreover, Titanium SPR Sector 71, Gurugram is a two-phase project with a total sales potential area of 3.7 million sq. ft. The first phase comprises 2.1 million sq. ft, and the remaining 1.5 million sq. ft, the second phase will be launched soon. This project launch is part of land parcels with a sales potential of 17 million sq. ft. in Sector 71, Gurugram.
Financial performance:-
Examining the company’s financial performance, revenue slightly declined by 2 percent from Rs 705 crore in Q4FY23 and Rs 694 crore in Q4FY24 but, during the same period of time, net profit magnified drastically by 412 percent from Rs 8 core to Rs 41 crore.
Market share & future outlook:-
Signatureglobal (India) Ltd has a market share of 36 percent in Gurugram’s affordable and mid-housing sector, with leading investors like Nomura, HDFC, IFC, Standard Chartered, Bandhan MF, and Kotak, Signature Global upholds high standards of corporate governance.
Signature Global recorded a sales CAGR of 62% from FY21 to FY24, with sales bookings totaling ₹72.7 billion. In FY25, the firm expects to generate ₹100 billion in sales and ₹38 billion in revenue.
Remarkable gain:-
The stock has given a return of 55.93 percent in the last 6 months and a multi-bagger return of 212.29 percent in a year, if an individual invested Rs 1 lakh a year ago now it will be worth Rs 3.12 lakh.
Company Snapshot:-
Signatureglobal (India) Limited is an Indian-based holding company. The Company and its subsidiaries operate in real estate development. It also distributes building materials and offers construction services through construction contracts.
Written by:- Abhishek Singh
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