Signature Global India Ltd. reported its Q2 FY26 performance, reflecting a slowdown in pre-sales but continued strength in collections and strategic land acquisitions.
Pre-Sales Decline Amid Market Moderation
During the quarter, Signature Global’s pre-sales fell 28% YoY to ₹20.1 billion, with the area sold declining 44% to 1.34 million sq. ft. Sequentially, pre-sales dropped 24%, while the area sold was down 17%. The moderation reflects changing market conditions and the company’s ongoing focus on strategic land acquisitions to support future growth.
Collections Remain Resilient
Despite the slowdown in pre-sales, the company maintained stable collections at ₹9.4 billion, marking a 2% YoY increase and a 1% sequential rise. This performance underscores strong cash flow from ongoing projects and highlights the company’s operational efficiency across its portfolio.
Higher Average Sales Realisation Offsets Area Decline
The average sales realisation improved to ₹15,000 per sq. ft., up from ₹12,457 per sq. ft. in FY25. The increase reflects higher pricing and a refined product mix, which helped mitigate the impact of the reduced area sold.
Strategic Land Acquisition Supports Future Growth
Signature Global’s net debt rose slightly to ₹9.7 billion, mainly due to the acquisition of 33.47 acres of land in Sohna, offering a development potential of 1.76 million sq. ft.. This acquisition strengthens the company’s project pipeline and aligns with its medium-term growth strategy, ensuring availability of prime land for ongoing and upcoming developments.
Outlook
With stable collections, improved pricing, and strategic land acquisitions, Signature Global is well-positioned to navigate current market challenges while maintaining a robust pipeline for future growth in India’s residential real estate sector.
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