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Signature Global’s Q2 Pre-Sales Decline 28% As Net Debt Edges Up

Signature Global reported a 28% drop in Q2 FY26 pre-sales as area sales fell, while net debt inched up after a Sohna land buy.

Signature Global’s Q2 Pre-Sales Decline 28% As Net Debt Edges Up

Signature Global (India) Limited has reported pre-sales of ₹20.1 billion in the September quarter of FY26, marking a 28% fall year-on-year and a 24% decline from the preceding quarter, according to its latest stock exchange filing.

The total area sold stood at 1.34 million sq ft, down 44% year-on-year and 17% quarter-on-quarter, reflecting slower transaction momentum during the quarter.

Despite the contraction in area sales, the company saw an improvement in pricing metrics.

The average sales realisation rose to ₹15,000 per sq ft from ₹12,457 per sq ft in FY25, indicating stronger pricing power and value appreciation across its projects.

Signature Global maintained healthy collection levels despite the lower sales volume. The company collected ₹9.4 billion during Q2 FY26, representing a 2% rise from the same period last year and a 1% increase over the previous quarter.

This stability, according to the company, underscores steady demand within its established micro markets and disciplined project execution.

Net Debt Rises Marginally

The company’s net debt increased marginally to ₹9.7 billion as of September 2025, up from the previous quarter, primarily due to its recent land acquisition in Sohna.

The purchase of 33.47 acres adds substantial value to Signature Global’s future development portfolio, with the potential to develop 1.76 million sq ft of residential space.

Chairman and Whole-Time Director Pradeep Kumar Aggarwal noted that the acquisition reflects the company’s long-term growth vision and confidence in emerging real estate corridors such as Sohna.

Aggarwal stated, “We have maintained healthy pre-sales and strong collections, supported by steady demand in our core micro markets.

Net debt registered a modest rise on account of the land acquisition in Sohna, a promising market with strong growth potential, which further strengthens our development pipeline.”

He added that Signature Global’s performance in the first half of FY26 underscores its brand resilience and focus on sustainable growth.

“With a robust launch pipeline and disciplined financial management, we are confident of sustaining growth momentum in the upcoming quarters and achieving our annual targets for pre-sales, collections, and net debt,” he said.

With the addition of the Sohna land parcel and continued focus on affordable and mid-income housing, Signature Global aims to leverage expanding demand in NCR’s peripheral regions.

The company’s management reiterated its commitment to achieving operational efficiency and financial discipline as it moves into the second half of FY26, amid evolving market dynamics and sectoral headwinds.

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