The shares of a realty company specializing in providing affordable and mid-segment housing are in focus following their Q3 results with a 1,235 percent rise in Profit YoY.
Price action
With a market capitalization of Rs. 18,634 crores on Tuesday, the shares of SignatureGlobal India Limited declined upto 3.6 percent making a low of Rs. 1,277.10 per share compared to the previous close of Rs. 1,325.95 per share.
What Happened
SignatureGlobal India Limited engaged in providing affordable and mid-segment has announced its Q3FY25 results.
Its Revenue from operations rose by 194 percent YoY from Rs. 282 Crores in Q3FY24 to Rs. 828 Crores in Q3FY25 and it grew by 10.5 percent QoQ from Rs. 749 Crores in Q2FY25 to Rs. 828 Crores in Q3FY25.
Its Net Profit rose by 1,235 percent YoY from Rs. 2.18 Crores in Q3FY24 to Rs. 29.1 Crores in Q3FY25 and it grew by 600 percent QoQ from Rs. 4.16 Crores in Q2FY25 to Rs. 29.1 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 2.07, compared to Rs. 0.29 in the previous quarter and Rs. 0.15 in the same quarter last year.
About the company
Signature Global is a prominent real estate development company based in India, known for its affordable housing projects. The company focuses on providing quality residential spaces across key cities, offering a range of apartments and commercial properties. It operates primarily under the Pradhan Mantri Awas Yojana (PMAY) initiative. The company aims to contribute significantly to the urban development and housing sector in India.
Sales Segment product-wise (9M’FY25)
In 9M FY25, Signature Global’s sales are primarily driven by mid-income housing contributed 34.6 percent and plotted development at 24.5 percent, Affordable housing contributed 1.7 percent, group housing accounts for 29.4 percent, and retail/SCO brings in 9.7 percent to the overall sales.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
