Signature Global net debt up 4% in Q2 to Rs 1,020 crore

Realty steadfast Signature Global's nett indebtedness roseate by 4 per cent successful September 4th to Rs 1,020 crore arsenic it looks to grow concern amid beardown user request for lodging properties.

The company's nett indebtedness stood astatine Rs 980 crore astatine the extremity of June 4th FY25.

Earlier this week, Signature Global reported that it has achieved a astir three-fold summation successful its merchantability bookings to Rs 2,780 crore during the 2nd 4th connected amended request for its lodging projects.

Its merchantability bookings oregon pre-sales stood astatine Rs 980 crore successful the year-ago period.

"Despite the 'shradhh' period, Q2, FY25 pre-sales amounted to Rs 27.8 billion, a 184 per cent summation against Q2, FY24," Signature Global had said successful a regulatory filing.

The company's merchantability bookings jumped implicit threefold to Rs 5,900 crore successful April-September 2024-25 from Rs 1,860 crore successful the year-ago period.

Signature Global, which has a important beingness successful the Gurugram market, clocked merchantability bookings of Rs 7,270 crore successful 2023-24 and has a people of Rs 10,000 crore for the existent fiscal.

Signature Global Chairman Pradeep Kumar Aggarwal is optimistic astir maintaining this income momentum.

"Our resilience successful the look of marketplace fluctuations underscores the spot of our concern exemplary and our quality to accommodate to evolving manufacture dynamics. As we standard caller heights, we stay dedicated to enhancing shareholder worth and driving sustainable growth. Our absorption connected premium and mid-housing projects, strategical onshore acquisitions, and the instauration of caller customer-centric initiatives volition guarantee we enactment up of the curve," helium said.

Signature Global has truthful acold delivered 11 cardinal quadrate feet of lodging area. It has a pipeline of astir 32.2 cardinal quadrate feet of saleable country successful forthcoming projects on with 16.4 cardinal quadrate feet of ongoing projects.

According to information analytic steadfast PropEquity, lodging income successful Delhi-NCR roseate 22 per cent to 10,263 units successful September 4th from 8,411 units successful the year-ago period.