Signature Global Q1 sales bookings jump 3.5 times to Rs 3,120 cr on strong demand
Signature Global on Sunday reported a 3.5 times jump in sales bookings to Rs 3,120 crore for the April-June quarter on high demand for its housing projects. The company's sales bookings stood at Rs 820 crore in the year-ago period.
According to a regulatory filing, Signature Global sold 968 units in the first quarter of this fiscal against 894 units in the corresponding period of the previous year.
In terms of volume, its sales bookings more than doubled to 2.03 million square feet from 0.91 million square feet a year earlier.
Signature Global Chairman Pradeep Kumar Aggarwal said the company continues to ride on a high growth trajectory, achieving robust pre-sales and collection figures for the third consecutive quarter.
«We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving Rs 10,000 crore in pre-sales. Remarkably, in the first quarter alone, we have already surpassed 30 per cent of this target,» he said.
Aggarwal said the company has received a strong response from customers for its premium residential projects, which were launched in the last few quarters.
Signature Global sold properties worth Rs 7,270 crore in 2023-24 and has set a sales bookings target of Rs 10,000 crore for the current fiscal.
Almost all listed realty firms have been performing very well in the last two years, driven by a surge in housing demand.
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