Signatureglobal Shares Under Pressure as Company Revises FY26 Pre-Sales Guidance Downward

Signatureglobal shares are expected to come under pressure following the company's announcement that it is unlikely to meet its financial year 2026 pre-sales guidance of ₹12,700 crore, citing challenging market conditions. The real estate developer, which had previously described this target as comfortable, now plans to keep sales broadly in line with last year's levels while maintaining its project launch schedule.

Quarterly Performance Shows Decline

The company's business update for the October-December quarter revealed significant challenges in the current market environment. Key performance metrics for the quarter include:

Metric	Q3 Current Year	Q3 Previous Year	Change
Pre-sales	₹2,020 crore	₹2,770 crore	-27%
Collections	₹1,230 crore	₹1,080 crore	+13.89%

Nine-Month Performance Analysis

The first nine months of the financial year showed a continued decline in pre-sales, though average realisations improved significantly:

Parameter	Current Period	Previous Year	Change
Cumulative Pre-sales	₹6,680 crore	₹8,670 crore	-23%
Average Realisation	₹15,182 per sq ft	₹12,457 per sq ft	+22%
Collections	₹3,090 crore	₹3,210 crore	-3.74%

Improved Realisations Offset Volume Decline

Despite weaker sales volumes, Signatureglobal achieved notable improvements in average realisations during the nine-month period. The 22% year-on-year increase to ₹15,182 per square feet from ₹12,457 per square feet was attributed to higher sales in premium markets and strategic price hikes across key regions. This improvement in unit realisations demonstrates the company's ability to maintain pricing power even in a challenging market environment.

Financial Position and Outlook

The company's financial metrics show mixed trends with net debt increasing to ₹1,020 crore at the end of the nine-month period, compared to ₹880 crore at the end of financial year 2025. For reference, the company had reported full financial year 2025 pre-sales of ₹10,290 crore. Management expressed greater confidence in meeting collection guidance compared to pre-sales targets, noting that collections continue to show improvement and should help the company return to a growth trajectory.

Market Response Expected

The revision of guidance represents a significant shift from the company's earlier optimistic projections, with the ₹12,700 crore target now appearing challenging given current market dynamics. While the company maintains that its balance sheet remains healthy and project launches are proceeding as scheduled, the substantial decline in pre-sales volumes and the guidance revision are likely to impact investor sentiment in the near term.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.39%	-16.31%	-15.67%	-24.37%	-27.93%	+105.69%

SignatureGlobal has reported improved financial metrics, demonstrating resilience in a challenging real estate market environment. The company has achieved higher realizations while maintaining strong collection performance and managing its debt position effectively.

Financial Performance Highlights

The company's key financial metrics reflect its operational strength across multiple parameters:

Metric	Value
Realizations per Sq.Ft	₹15,182.00
Total Collections	₹30.90 billion
Net Debt Position	₹10.20 billion

Realization Growth

SignatureGlobal has achieved realizations of ₹15,182.00 per square foot, indicating the company's ability to maintain pricing power in its projects. This realization level reflects the premium positioning of the company's residential developments and suggests strong demand for its properties despite broader market softness.

Collection Performance

The company reported collections of ₹30.90 billion, demonstrating robust cash flow generation from its ongoing projects. This collection performance indicates effective project execution and customer payment schedules, which are crucial for maintaining operational liquidity in the real estate sector.

Debt Management

SignatureGlobal maintains a net debt position of ₹10.20 billion, reflecting the company's capital structure management. The debt level represents the balance between growth financing requirements and financial prudence in the current market environment.

Market Context

The company's performance comes against the backdrop of a softer housing market, making these financial achievements particularly noteworthy. The ability to maintain strong realizations and collections while managing debt levels demonstrates operational resilience and market positioning strength in challenging conditions.