Signature Global Reports Rs 45 Crore Loss in Q3: What Lies Ahead for the Real Estate Giant

Mumbai, Feb 4 (IANS) Real estate developer Signature Global has reported a consolidated net loss of Rs 45.33 crore for the quarter ended December (Q3 FY26), mainly due to a sharp decline in income. The company had posted a net profit of Rs 29.13 crore in the same quarter last financial year (Q3 FY25), according to its stock exchange filing.

According to a regulatory filing, the company’s total income fell significantly to Rs 312.76 crore during the October–December period of the current financial year, compared to Rs 862.14 crore in the corresponding period of the previous year. This substantial decrease in revenue has been a major contributing factor to the net loss.

Despite the quarterly setback, Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Limited, said the company has delivered a steady performance in the first nine months of this fiscal year. He acknowledged that the real estate market has seen some softness, but emphasized that the current environment favours developers with a strong track record and customer-focused offerings.

Aggarwal highlighted the company’s recently launched wellness-focused project, Sarvam at DXP Estate, which has witnessed strong demand. He noted that homebuyers are increasingly preferring thoughtfully designed homes that focus on health and well-being. This trend aligns with Signature Global’s strategy to cater to the evolving needs of the market.

Looking ahead, the company remains optimistic about the medium- to long-term prospects of the real estate sector. Aggarwal stated that Signature Global will continue to focus on disciplined execution, the use of technology, and creating value for customers and stakeholders. The company’s commitment to these principles is expected to drive future growth and stability.

So far, Signature Global has delivered 16.5 million square feet of real estate projects. The company is among the leading real estate developers in India and emerged as the fifth-largest listed realty firm in the 2024-25 financial year in terms of sales bookings. The company recorded a record Rs 10,290 crore in sales bookings last fiscal. For the current financial year, Signature Global had set a sales bookings target of Rs 12,500 crore.

However, due to slow housing demand in Gurugram, it is unlikely to achieve this guidance. Even so, the company remains confident of at least matching last year’s sales bookings performance. This resilience and adaptability are crucial in navigating the challenges faced by the real estate sector.

Signature Global’s strong focus on customer satisfaction and innovative projects like Sarvam at DXP Estate demonstrate its commitment to staying ahead in a competitive market. The company’s strategic approach and long-term vision are expected to contribute to its continued success and growth in the coming years.