Signature Global Swings to Loss in Second Quarter
Real estate developer Signature Global has announced a consolidated net loss of ₹46.86 crore for the July-September quarter of the 2025-26 financial year. This marks a significant downturn from the same period last year when the company had recorded a net profit of ₹4.15 crore.
The primary reason for this loss was a sharp decline in total income, which fell to ₹372.51 crore in the second quarter from ₹777.42 crore a year ago, as per a regulatory filing made on Friday, November 8.
Half-Yearly Performance and Management's Outlook
Looking at the broader picture for the first half of the fiscal year (April-September 2025), the company posted a net loss of ₹12.42 crore. This is a reversal from the net profit of ₹10.94 crore it had achieved in the corresponding period of the previous year. However, the total income for the six-month period showed an improvement, rising to ₹1,270.86 crore from ₹1,205.40 crore a year ago.
Despite the quarterly setback, the company's leadership remains optimistic. Pradeep Aggarwal, Founder and Chairman of Signature Global, stated, "With strategic land acquisitions and a healthy launch pipeline in the coming quarters, we remain focused on strengthening our performance and capturing emerging market opportunities. Aligned with this approach, we are confident of achieving our pre-sales guidance and remain fully comfortable with our outlook across all key operating metrics, including collections, revenue recognition, and overall financial performance."
Sales Bookings and Strategic Initiatives
The Gurugram-based developer, which became the fifth largest listed realty firm in India by sales bookings last fiscal after selling properties worth ₹10,290 crore, has set an ambitious pre-sales target of ₹12,500 crore for the current financial year.
In the April-September period of FY26, the company reported a 21 per cent decline in sales bookings, which stood at ₹4,650 crore, down from ₹5,900 crore in the year-ago period. Nevertheless, the firm is confident of achieving its annual target. To support this goal, it plans to launch homes worth ₹14,000 crore for sale by March next year.
In a major move to fund its expansion, Signature Global recently raised ₹875 crore by issuing non-convertible debentures (NCDs) to the International Finance Corporation (IFC), the lending arm of the World Bank. These funds are earmarked for the development of mid-income housing projects and to repay costly debt. The company boasts a strong track record, having delivered 16 million square feet of area across its various projects.
