Shares of Signature Global (India) Ltd declined nearly 2% on Monday, October 13, to Rs 1,015.20, after the real estate developer reported a 28% year-on-year fall in pre-sales for the second quarter of FY26.
According to the company’s operational update, pre-sales stood at Rs 2,010 crore, down 28% YoY and 24% sequentially, while the area sold declined 44% YoY and 17% QoQ to 1.34 million sq. ft. Despite the decline in pre-sales volume, the company’s collections remained stable, rising 2% YoY and 1% QoQ to Rs 940 crore.
The average sales realisation improved to Rs 15,000 per sq. ft., compared to Rs 12,457 per sq. ft. in FY25, reflecting better pricing and an improved product mix.
The company’s net debt rose marginally to Rs 970 crore, mainly due to the acquisition of 33.47 acres of land in Sohna, which has a development potential of 1.76 million sq. ft.
Commenting on the results, Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signature Global, said the company’s performance demonstrates the strength of its brand and focus on sustainable growth. He added that the land acquisition in Sohna enhances the company’s development pipeline and that it remains confident of meeting FY26 guidance across key parameters, including pre-sales, collections, and debt.
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