EL7.AI
StocksMedium•13 November 2026•
4 min read

Signature Global’s Pre-Sales Fall 18% to 38 Billion Rupees in First Half

Key Facts

1Pre-sales totaled 38.0 billion rupees in the first half of financial year 2027, down 18% from the same period a year earlier.
2The company recorded 680 units sold across 1.60 million square feet in the first half.
3Profit after tax was 0.5 billion rupees in the first half, compared with a loss of 0.1 billion rupees a year earlier.
4Net debt reached 4.5 billion rupees at the end of the first half, compared with 2.0 billion rupees at the end of financial year 2026.

Signature Global said its pre-sales totaled 38.0 billion rupees in the first half of financial year 2027, down 18% from 46.6 billion rupees in the same period a year earlier. The figures were disclosed in the company’s first-half results, for the period ended September 30, 2026. The company recorded 680 units sold, covering a total area of 1.60 million square feet. The results put pre-sales at about 38% of the annual target of 100 billion rupees set out in its guidance. The year-on-year decline means sales were slower through the midpoint of the financial year than in the corresponding period, despite the company’s return to profit.

In the second quarter, pre-sales totaled 18.3 billion rupees, compared with 20.2 billion rupees in the same quarter of the previous financial year, a decline of 9%. Cash collections in the first half were 16.8 billion rupees, compared with 18.6 billion rupees a year earlier, down 10% year on year. Quarter on quarter, collections were 10.1 billion rupees in the second quarter, compared with 9.3 billion rupees in the first quarter, according to company figures. The quarterly trends diverged: pre-sales fell year on year, while collections increased between the two quarters. The figures distinguish the value of new bookings from the cash collected during the period.

The company returned to profit in the first half, posting profit after tax of 0.5 billion rupees, compared with a loss of 0.1 billion rupees in the same period a year earlier. In the second quarter alone, profit after tax was 0.7 billion rupees, after the company reported a loss of 0.5 billion rupees in the same quarter of the previous year. Revenue from operations in the first half rose 14% to 13.7 billion rupees from 12.0 billion rupees a year earlier. Revenue from operations was 8.2 billion rupees in the second quarter, compared with 3.3 billion rupees in the first quarter, according to the company’s statement. An earlier EL7 report on November 7 cited second-quarter net profit of 669.05 million rupees, as the company turned from a loss to a profit.

On pricing, the average selling price rose to 17,122 rupees per square foot in the second quarter, up 12.3% from an average of 15,250 rupees per square foot in financial year 2026. The company attributed the increase to the launch of Tonino Lamborghini Residences in Gurugram. The disclosure indicates that the higher average price coincided with the new project entering the sales mix during the quarter. The chairman and managing director said the first-half performance reflected homebuyers’ confidence. He added that "demand for quality housing in Gurugram remains healthy."

Net debt was 4.5 billion rupees at the end of the first half, on September 30, 2026, compared with 2.0 billion rupees at the end of financial year 2026. Cash and bank balances, including fixed deposits, stood at 24.2 billion rupees at the end of the period. The comparison shows net debt rising from its level at the end of the previous financial year, while the company retained cash balances and deposits of this size. These figures are specific to the end of the first half and do not indicate the debt level at a later date. The results thus track three distinct measures for the period: pre-sales, actual collections, and the company’s debt and liquidity position.

The gap to the annual target depends on second-half performance, with pre-sales at 38.0 billion rupees against the company’s 100 billion rupee target at the financial year’s midpoint. Company guidance pointed to major launches expected in the second half, a factor that could increase the volume of inventory available for sale during that period. But results published through the end of September show pre-sales down 18% year on year, while first-half collections fell 10%. Profitability and revenue from operations, by contrast, improved from the corresponding period. The company’s chairman said demand for quality housing in Gurugram remains healthy, while results in coming periods will show how much the expected launches contribute to sales.