NEW DELHI: Signatureglobal (India) has reported net consolidated profit after tax of Rs 6.79 crore in the quarter ended June 30, 2024. It had registered net loss after tax of Rs 7.18 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 427.98 crore in Q1 FY25, a growth of 139.23 per cent from Rs 178.90 crore it recorded in the similar quarter last year.
Pradeep Kumar Aggarwal, chairman and wholetime director of the company said, “In the first quarter itself, we have achieved 30% of annual pre-sales target. We are planning to launch few projects over coming quarters and this is likely to boost our operational targets.”
The board of directors have appointed Gaurav Malik as chief financial officer and key managerial personnel of the company with effect from August 8, 2024 while Manish Garg has been re-designated as deputy chief financial officer of the company with effect from August 8, 2024.
For the quarter, the company achieved pre-sales of Rs 31.2 billion in Q1 FY25 with year-on-year growth of 255%. Collections for Q1 FY25 rose 102% to Rs 12.1 billion compared to the Rs 6 billion in Q1 FY24.
Its net debt reduced to Rs 9.8 billion at the end of Q1 FY25 compared to Rs 11.6 billion at end of FY24.
