Signature Global Reports Q4 FY26 Pre-Sales Down 5% to ₹1,540 Crore; Full-Year FY26 Bookings Fall 20% to ₹8,220 Crore

Sales Moderation in Q4 as Housing Demand Softens

Signature Global saw a 5 per cent drop in its pre-sales to ₹1,540 crore in the fourth quarter of financial year 2025–26 (Q4 FY26) amid a slowdown in housing demand in its key market of Gurugram. The developer sold 368 units in Q4 FY26, compared with 591 units in Q4 FY25.

The slowdown was also mirrored in volumes, with sales area declining to 0.99 million square feet, compared with 1.36 msf sold a year earlier.

Full-Year Contraction Follows Record 2025

Sales bookings fell 20 per cent to Rs 8,220 crore in FY26, down from a record Rs 10,290 crore in the previous financial year. The number of units sold fell to 2,114 from 4,130 in FY25.

While overall sales value remained substantial, volumes declined during FY26. This indicates a shift towards fewer but higher-value transactions. Average sales realisation increased to ₹15,250 per sq. ft. in FY26 from ₹12,457 per sq. ft. in FY25. This rise was driven by a greater contribution from premium housing segments and price increases.

Collections Ease Despite Lower Sales

Collections during the year stood at ₹40.0 billion, compared to ₹43.8 billion in the previous year. Q4FY26 pre-sales at ₹15.4 billion and collections at ₹9.1 billion reflected softer momentum on both a sequential and annual basis.

Balance Sheet Strengthens with Debt Reduction

Despite the sales slowdown, the company executed a significant de-leveraging exercise. Signature Global achieved a remarkable reduction in its net debt position, cutting it by 77% to Rs 2.00 billion in FY26 from Rs 8.80 billion in FY25. Cash and cash equivalents stood at ₹27.7 billion as of 31 March 2026, reflecting a stronger liquidity position and providing flexibility for future investments and expansion.

Management Commentary and Outlook

"FY26 reflects our continued focus on disciplined growth, with a strong reduction in net debt, which now stands at a historic low, and steady operational performance across key metrics. Improved sales realisations and healthy collections have further strengthened our financial position," said Pradeep Kumar Aggarwal, chairman and managing director of Signature Global.

Despite the near-term softness, the management maintained a positive outlook. "The company has ₹2,770 crore in cash and cash equivalents as of March 31, 2026, reinforcing a very strong balance sheet position to strategically plan for its foreseeable future."

Context: Developer Footprint in Gurugram

Signature Global has 55 residential and commercial projects in its portfolio, out of which 53 projects are in Gurgaon. The Signature Global brand is well-established in Gurugram, Haryana, and the wider Delhi NCR region for affordable and mid-segment housing projects. The company started its journey in Gurugram in 2014 and has grown to command a market share of 19% in affordable and mid segment housing in Delhi-NCR, in terms of units supplied between 2019 and 2021.