Daijiworld Media Network – Mumbai
Mumbai, Feb 28: Shares of Signature Global India Ltd fell 4.14% on Friday, closing at Rs 1,042, following weak Q3 FY25 financial results. The stock has declined 13.64% in the last month, 30.34% over six months, and 22.1% in the past year.
The company reported a significant rise in total expenses, increasing 6.54% to ?835.89 crore in Q3 from Rs 784.60 cr in Q2. Compared to Q3 FY24, expenses surged 179%, driven by higher project execution costs.
Investor concerns deepened as total liabilities rose to Rs 11,525.72 cr, up 16.99% from Q2 and 60.50% YoY. However, revenue jumped to Rs 830 cr from Rs 280 cr in Q3 FY24, with profit after tax (PAT) surging to Rs 28.99 cr from Rs 2 cr a year ago.
Despite financial strain, the company improved its adjusted EBITDA margin to 12% from 10% and reduced net debt to Rs 740 cr from Rs 1,160 cr in FY24.
Chairman Pradeep Kumar Aggarwal emphasized the company’s focus on “operational excellence and growth” amid financial challenges.