Signature Global net debt doubles to Rs 390 cr in Q1, pre-sales down 25% to Rs 1,970 crore

Signature Global's net debt nearly doubled to Rs 390 crore in the first quarter. Sales bookings fell 25 percent to Rs 1,970 crore due to lower volumes. The company sold fewer units and less area compared to the previous year. However, average sales realization increased as they focused on luxury homes. Signature Global aims for Rs 10,000 crore in pre-sales this fiscal year.