Real estate developer Signature Global (India) Ltd reported a decline in pre-sales and area sold for the September quarter (Q2 FY26), even as collections remained stable.
Pre-sales stood at ₹20.1 billion, down 28% year-on-year and 24% sequentially, while the area sold fell 44% YoY and 17% QoQ to 1.34 million sq. ft.
However, collections were up 2% YoY and 1% QoQ at ₹9.4 billion.
During the quarter, the average sales realisation rose to ₹15,000 per sq. ft., compared with ₹12,457 per sq. ft. in FY25, reflecting higher pricing and improved product mix.
The company’s net debt increased marginally to ₹9.7 billion, primarily 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, said, “Our performance in the first half of FY26 reflects the continued strength of our brand and our strategic focus on sustainable growth. 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. With a robust launch plan and a disciplined financial approach, we remain confident of sustaining growth momentum in the coming quarters, meeting our annual performance targets across key parameters, and are fully comfortable with our guidance across all operating metrics, including pre-sales, collections, and net debt,” he added further.
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