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What is the story about?
Real estate player Signatureglobal (India) Ltd. informed the exchanges on Sunday, January 11, that it will not be able to meet its pre-sales guidance for financial year 2026 as the company has been impacted by the market environment turning "soft." In response, the stock has declined over 6% in Monday's trade.
Signatureglobal had guided for pre-sales to be at ₹12,700 crore for the full year.
In its quarterly business update for the October-December period, Signatureglobal's pre-sales stood at ₹2,020 crore, which is 27% lower than the ₹2,770 crore it reported during the same period last year.
For the first nine months of the financial year, pre-sales stood at ₹6,680 crore, which is 23% lower than the ₹8,670 crore reported during the first nine months of financial year 2025.
"However, we will attempt to maintain sales at the same levels as last year and launches continue to remain on track," Signatureglobal stated in its filing.
For financial year 2025, Signatureglobal had reported pre-sales of ₹10,290 crore.
Average sales realisations during the first nine months of the year stood at ₹15,182 per square feet, 22% higher than the ₹12,457 reported during the corresponding period of the previous year. Higher realisations per square feet were driven by increased sales in premium markets and price hikes undertaken across key regions.
Collections during the quarter stood at ₹1,230 crore from ₹1,080 crore last year, but for the first nine months, they were down to ₹3,090 crore from ₹3,210 crore during the year-ago period. The company stated that they remain more sanguine on the collection guidance front compared to pre-sales, as collections continue to improve.
At the end of the first nine months of the year, Signatureglobal's net debt stood at ₹1,020 crore, compared to ₹880 crore at the end of financial year 2025. "The balance sheet will continue to remain in a very healthy situation, and good collections will enable us to get back on the growth path in the near future," Signatureglobal stated in its filing.
Shares of Signatureglobal are trading 6.5% lower on Monday at ₹942.1.
Shares of Signatureglobal had tanked over 10% last Thursday, before a minor recovery on Friday, during which the stock ended with gains of 1.6%. From its recent 52-week high of ₹1,365, the stock is down 30%.
Signatureglobal had guided for pre-sales to be at ₹12,700 crore for the full year.
In its quarterly business update for the October-December period, Signatureglobal's pre-sales stood at ₹2,020 crore, which is 27% lower than the ₹2,770 crore it reported during the same period last year.
For the first nine months of the financial year, pre-sales stood at ₹6,680 crore, which is 23% lower than the ₹8,670 crore reported during the first nine months of financial year 2025.
"However, we will attempt to maintain sales at the same levels as last year and launches continue to remain on track," Signatureglobal stated in its filing.
For financial year 2025, Signatureglobal had reported pre-sales of ₹10,290 crore.
Average sales realisations during the first nine months of the year stood at ₹15,182 per square feet, 22% higher than the ₹12,457 reported during the corresponding period of the previous year. Higher realisations per square feet were driven by increased sales in premium markets and price hikes undertaken across key regions.
Collections during the quarter stood at ₹1,230 crore from ₹1,080 crore last year, but for the first nine months, they were down to ₹3,090 crore from ₹3,210 crore during the year-ago period. The company stated that they remain more sanguine on the collection guidance front compared to pre-sales, as collections continue to improve.
At the end of the first nine months of the year, Signatureglobal's net debt stood at ₹1,020 crore, compared to ₹880 crore at the end of financial year 2025. "The balance sheet will continue to remain in a very healthy situation, and good collections will enable us to get back on the growth path in the near future," Signatureglobal stated in its filing.
Shares of Signatureglobal are trading 6.5% lower on Monday at ₹942.1.
Shares of Signatureglobal had tanked over 10% last Thursday, before a minor recovery on Friday, during which the stock ended with gains of 1.6%. From its recent 52-week high of ₹1,365, the stock is down 30%.
