Signature Global Reports 20% Drop in FY26 Sales Bookings, Focuses on Financial Health

Mumbai, April 9 (IANS) Signature Global, a prominent real estate firm based in Delhi-NCR, has reported a significant slowdown in its performance, with sales bookings falling 20% to Rs 8,220 crore in FY26. This decline comes after a record-high of Rs 10,290 crore in the previous financial year, as per the company’s regulatory filing.

In its key operational updates, the company noted a 5% year-on-year (YoY) decline in pre-sales, which amounted to Rs 1,540 crore in Q4 FY26, compared to Rs 1,620 crore in the same period last year. The dip in sales was accompanied by a sharp reduction in volumes, with the company selling 368 units during the quarter, down from 591 units a year ago. The total sales area also dropped from 1.36 million square feet in Q4 FY25 to 0.99 million square feet in Q4 FY26.

The annual sales volume also saw a significant reduction, with 2,114 units sold in FY26, compared to 4,130 units in FY25. However, the company managed to offset some of the pressure through improved pricing. The average sales realisation rose to Rs 15,250 per square foot, up from Rs 12,457 per square foot in FY25, driven by a strategy of premiumisation across key projects.

Chairman and Managing Director Pradeep Kumar Aggarwal stated that FY26 reflected the company’s focus on disciplined growth and strengthening its financial position. He highlighted a significant reduction in net debt and steady operational performance, supported by better realisations and strong collections. “Going ahead, we remain focused on execution excellence, prudent capital allocation, and delivering long-term value for all stakeholders, while expanding our presence across high-growth micro-markets,” he noted.

Despite the slowdown in sales, the company maintained a positive outlook, backed by a robust balance sheet. As of March 31, 2026, Signature Global reported cash and cash equivalents of Rs 2,770 crore, providing financial flexibility for future growth plans. The company also sharply reduced its debt by 77% to Rs 200 crore at the end of FY26, compared to Rs 880 crore a year earlier.

This reduction in debt was partly aided by receiving Rs 1,293 crore from Millennia Realtors, a group company of RMZ Group, as consideration for a joint venture. The company’s strategic focus on financial health and disciplined growth is expected to position it well for future opportunities in the real estate market.