Realty firm Signature Global reduced its net debt by 16% to Rs 980 crore in Q1 FY2024, driven by robust housing sales. The company reported a net profit of Rs 6.76 crore, reversing last year’s loss, with total income rising to Rs 427 crore. Signature Global’s sales bookings surged to Rs 3,120 crore, targeting Rs 10,000 crore for the fiscal year. This reduction in debt and strong sales growth are positive indicators for investors.
