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Signature Global Sales Drop 27% Amid Market Softness
12 Jan
Summary
- Sales bookings declined 27% year-on-year to ₹2,020 crore in Q3 FY26.
- The company sold 408 units, a significant drop from 1,518 units last year.
- A late December project launch may have impacted quarterly sales figures.
Signature Global reported a 27% year-on-year decrease in sales bookings for the third quarter of FY26, amounting to ₹2,020 crore. This marks a significant downturn from the ₹2,770 crore recorded in the same period last fiscal year. The developer sold only 408 units during Q3 FY26, a stark contrast to the 1,518 units sold in Q3 FY25, indicating a considerable slowdown in housing sales volumes and areas.
Analysts and the company point to a generally softer market environment as a contributing factor. The late launch of their premium housing project, Sarvam DXP, on Dwarka Expressway in December is also cited as a potential reason for the reduced quarterly sales. For the first nine months of FY26, sales bookings moderated to ₹6,680 crore, a 23% decline from ₹8,670 crore in the prior-year period.
Despite missing its pre-sales guidance of ₹12,500 crore, Signature Global maintains a positive outlook. Chairman Pradeep Kumar Aggarwal highlighted sustained demand in focused micro-markets and encouraging customer interest in new projects. The company aims to maintain sales at last year's levels and is proceeding with planned launches, anticipating alignment with longer-term growth objectives.
