Signpost’s Nine Month PAT up 51% to Rs.26.30 crore

Mumbai, 14th February 2024 (GNI): Signpost India Limited has reported excellent results for the quarter and nine months ended
31st December 2023.

On a consolidated basis, the Company’s Total Income for the quarter ended 31st December 2023 stood at Rs.106.62 crore, a 86% increase over Rs.57.38 crore posted in the corresponding quarter of the previous year. The Profit After Tax for the quarter increased by 80% and stood at Rs.9.46 crore as against Rs.5.26 crore in the corresponding quarter in the previous year.

For the nine-month period ended 31st December 2023, the company’s Total Income shot up by 55% to Rs.289.51 crore while Profit After Tax increased by 51% to Rs.26.30 crore.

The Equity Shares (Face Value: Rs.2) of Signpost India Ltd. commenced trading on BSE and NSE on 14th February 2024 and hit the upper circuit at Rs.326.55 on NSE and at Rs.318.10 on BSE.

The year also witnessed doubling of revenues from digital assets compared to the previous year. The company boasts a well-managed debt profile, highlighted by a Debt-to-Equity Ratio of 0.63, ensuring stability and growth potential. Signpost India is rated BBB/Positive and A3+ by CRISIL for its long-term and short-term bank credit facilities respectively.

Led by Mr. Shripad Ashtekar as Chairman & Managing Director and Mr. Dipankar Chatterjee as Executive Director, Signpost India has a nationwide presence through its network of 7 offices and a team of over 500 professionals. The company’s recent CXO hires across various business functions signal a commitment to solidifying its market leadership in India and beyond.

“Our listing on BSE and NSE symbolizes a new era for Signpost India. We are committed to driving innovation and creating meaningful connections between brands and a rapidly evolving consumer base.” said, Mr. Shripad Ashtekar, Chairman & Managing Director, Signpost India Limited.

Signpost India’s significant projects include Mumbai Metro (Line 2A and 7), and renewed BEST bus and bus queue shelter contracts over the past year. Its long-term advertising contracts (7-20 years) pave the way for sustainable growth. The company envisions transforming transit infrastructure and expanding into sustainable public spaces across major commercial, educational and tourist centers in India.ends GNI