Signature Global Issues FY27 Revenue Recognition Guidance of ₹5,000 Crore, Targets Near-Doubling of Operational Income
Revenue Recognition Guidance: ₹5,000 Crore Target for FY27
Signature Global Chairman Pradeep Aggarwal issued formal revenue recognition guidance of ₹5,000 crore for FY27, marking a near-doubling of the ₹2,595.86 crore recorded in FY26. The company plans to invest ₹1,000–1,500 crore on land acquisition during FY27, signalling continued expansion of its development pipeline.
FY26 Performance: Impact of Operational Disruptions
Gurugram-based Signature Global's income from operations increased marginally to ₹2,595.86 crore last fiscal from ₹2,498 crore during 2024–25. During the 2025–26 fiscal year, the company's sales bookings fell 20 per cent to ₹8,250 crore from a record ₹10,290 crore in the preceding year, a decline the company attributes to external constraints rather than market demand.
Construction activities were affected last fiscal because of restrictions in view of high air pollution across Delhi-NCR. The ban on construction activities delayed the completion of some of its projects, and hence, the revenue recognition also got impacted. Project completion is expected to improve significantly in the current June quarter.
Construction Bans and Revenue Recognition Mechanics
In real estate, revenue recognition is based on the percentage of completion method or after the project gets an occupancy/completion certificate. During FY26, when air pollution reaches severe levels, authorities impose construction bans, halting work for weeks or even months. In 2023 and 2024 alone, construction was halted for a total of 78 days under the Graded Response Action Plan. These interruptions push project completion timelines, deferring recognition of revenue on completed units.
Profitability and Strategic Expansion
Signature Global reported a multi-fold jump in its consolidated net profit to ₹1,094.64 crore last fiscal year from ₹101.2 crore in the preceding year. However, this figure benefited significantly from exceptional gains. The company during the March quarter entered into the commercial real estate business in partnership with Bengaluru-based RMZ group, part of its strategy to diversify into other segments of the real estate sector.
Signature Global's Market Position and Growth Trajectory
Founded in 2014 and headquartered in Gurugram, the company commenced operations in the affordable housing segment and strategically ventured into the mid-income housing market in 2017. In 2024, Signature Global entered the premium housing segment and has since significantly strengthened its position through the successful launch of five premium group housing projects between 2024 and FY26, achieving record sales value.
The average sales realisation increased to ₹15,250 per sq ft from ₹12,457 per sq ft in FY25, reflecting both portfolio mix shift toward premium segments and pricing gains in high-demand micro-markets across Gurugram and the broader Delhi-NCR.
Signature Global, one of the leading real estate developers in the country, has delivered 17.9 million sq ft of real estate since its inception.