Signature Global Reports a Significant 61% Drop in Q4 Sale Bookings to Rs 1,620 Crore
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Synopsis
Signature Global India has seen a drastic 61% decline in sale bookings for Q4 FY25, falling to Rs 1,620 crore compared to Rs 4,140 crore in the same period last year. This decline raises concerns regarding the firm's financial stability amidst rising expenses and liabilities.
Key Takeaways
- 61% YoY drop in Q4 sale bookings.
- Sale bookings fell to Rs 1,620 crore.
- Concerns over rising costs and liabilities.
- Total expenses increased by 6.54% in Q3.
- Total pre-sales rose by 42% to Rs 10,290 crore.
New Delhi, April 18 (NationPress) Real estate company Signature Global India has announced a considerable 61% year-on-year (YoY) decrease in sale bookings for the March quarter (Q4 FY25), with numbers falling to Rs 1,620 crore from Rs 4,140 crore during the same period last fiscal year (FY24).
This announcement has raised concerns among investors, especially in light of the company's recent stock market performance and financial metrics from prior quarters.
As per the company's statement, several project launches that were originally scheduled for March 2025 have been rescheduled to this quarter due to minor delays in approvals.
"Some of the launches initially planned for March 2025 have been realigned to the current quarter due to minor delays in approvals," stated Signature Global in a business update to the stock exchanges.
The decline in quarterly bookings occurs at a time when the firm is already under scrutiny due to rising costs and increasing liabilities.
On the National Stock Exchange (NSE), the company’s stock has seen a nearly 24% drop over the past six months.
Investors are particularly concerned about the significant rise in total expenses and liabilities during Q3. Signature Global reported a substantial increase in total expenses for the third quarter, which reached Rs 835.89 crore—up 6.54% from Rs 784.60 crore in the second quarter.
Compared to the same quarter last year, the increase was even more pronounced at 179%, rising from Rs 299.70 crore. The company attributed this sharp rise to heightened project execution and completion costs.
In addition, Signature Global’s total liabilities surged significantly, hitting Rs 11,525.72 crore in Q3, compared to Rs 9,852 crore in Q2 and Rs 7,181 crore a year prior.
This marked a 17% increase quarter-on-quarter and a 60.5% increase year-on-year, raising alarms regarding the company's financial stability.
Nevertheless, the real estate firm's total pre-sales increased by 42%, amounting to Rs 10,290 crore in FY25.
