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Signature Global net debt up 4% in Q2 to Rs 1,020 cr; eyes to tap demand

Business Standard LogoBusiness Standard7h ago

Signature Global net debt up 4% in Q2 to Rs 1,020 cr; eyes to tap demand - Business Standard

Quick Summary:

Realty firm Signature Global's net debt rose by 4 per cent in September quarter to Rs 1,020 crore as it looks to expand business amid strong consumer demand for housing properties.

Earlier this week, Signature Global reported that it has achieved a nearly three-fold increase in its sale bookings to Rs 2,780 crore during the second quarter on better demand for its housing projects.

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


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 14:55:53 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 407 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23007050

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 124 posts per day

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News Last Updated: 3 hours ago

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Publisher ID: #49

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