Signature Global Reports 27% Decline in Q3 Sales Bookings to ₹2,020 Crores
Signature Global reported a 27% decline in Q3 sales bookings to ₹2,020 crores, with unit sales dropping 73% to 408 units compared to the previous year. Nine-month performance showed similar trends with 23% decline in bookings to ₹6,680 crores. Despite the downturn, the company maintains its full-year guidance of ₹12,500 crores and recently launched Sarvam project on Dwarka Expressway.
*this image is generated using AI for illustrative purposes only.
Signature Global has reported a notable decline in its third-quarter performance, with sales bookings falling 27% to ₹2,020 crores for the quarter ended December. The Gurugram-based real estate developer's performance came despite the typically strong festive season demand that characterizes the October-December period for the housing sector.
Quarterly Performance Analysis
The company's third-quarter results showed significant declines across key metrics compared to the corresponding period last year:
| Metric | Q3 Current Year | Q3 Previous Year | Change |
|---|---|---|---|
| Sales Bookings | ₹2,020 crores | ₹2,770 crores | -27% |
| Units Sold | 408 units | 1,518 units | -73% |
| Sales Area | 1.44 million sq ft | 2.49 million sq ft | -42% |
The decline in unit sales was particularly pronounced, with the company selling 408 units compared to 1,518 units in the year-ago period, representing a 73% drop.
Nine-Month Performance Overview
The company's performance for the first nine months of the fiscal year also reflected similar trends:
| Parameter | 9M Current Year | 9M Previous Year | Change |
|---|---|---|---|
| Sales Bookings | ₹6,680 crores | ₹8,670 crores | -23% |
| Units Sold | 1,746 units | 3,539 units | -51% |
Despite the declining numbers, the company has maintained its full-year guidance of ₹12,500 crores in sales bookings for fiscal 2025-26.
Recent Developments and Management Commentary
Chairman Pradeep Kumar Aggarwal emphasized the company's execution capabilities, stating that they delivered "healthy performance during the first nine months of FY26, driven by sustained demand across our focused micro-markets." He highlighted the launch of Sarvam at DXP Estate on Dwarka Expressway, describing it as a wellness-centric premium project that has witnessed encouraging customer response.
The company recently launched this significant housing project on Dwarka Expressway, which occurred late in the previous month. Aggarwal noted that strong collections, improving realizations, and disciplined balance sheet management demonstrate the company's execution strength.
Market Position and Future Outlook
Signature Global achieved sales bookings of ₹10,290 crores in the last fiscal year, establishing itself as the fifth-largest listed real estate developer by sales. To meet its current fiscal year guidance of ₹12,500 crores, the company needs to generate approximately ₹6,000 crores in sales bookings during the current quarter.
The company operates exclusively in the Gurugram residential market and has delivered 16 million sq ft of real estate as of September last year. Management remains optimistic about achieving their targets, with Aggarwal stating that "current momentum and planned launches keep us broadly aligned with our guidance and support our longer-term growth plans."
20
