SignalCorporate
Signature Global clocks Rs 67 cr profit in Q2 vs loss yr ago, revenue rises over 2-fold
Q2 profit of Rs 67 crore versus year-ago loss with revenue more than doubling.
Context
What happened: Signature Global Ltd reported a consolidated net profit of Rs 66.90 crore for the quarter ending September, compared with a net loss of Rs 46.86 crore a year earlier.
Key numbers: Net profit Rs 66.90 crore vs net loss Rs 46.86 crore a year ago. Total income rose from Rs 372.51 crore to Rs 870.70 crore.
Why it matters: The company's chairman cited robust demand for quality housing and strong financial health. Signature Global has delivered 19 projects since its establishment.
What changed
Signature Global Ltd reported a consolidated net profit of Rs 66.90 crore for the quarter ending September, compared with a net loss of Rs 46.86 crore a year earlier.
Why it matters
The company's chairman cited robust demand for quality housing and strong financial health. Signature Global has delivered 19 projects since its establishment.