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Revenue
₹1,107 Cr
verified against source
Revenue YoY
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reported change
EBITDA
Pending
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Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Signatureglobal reported a strong FY26 with PAT surging to ₹1,100 crore aided by an exceptional item from the RMZ JV. Revenue from operations stood at ₹2,600 crore with gross margins of 30%. Pre-sales reached ₹8,250 crore (down YoY but up 30% CAGR over 4 years) and net debt reduced to near zero at ₹200 crore. The company guided for FY27 with launches of ₹15,000 crore GDV, targeting pre-sales of ₹10,000 crore and revenue recognition of ₹5,000 crore. Key drivers include three group housing launches in Sector 71, including a branded residence tie-up with Tonino Lamborghini. The RMZ commercial JV (5.5 msf) is expected to activate this year with a capex of ₹3,500-4,000 crore over 4-5 years. Risk: Macro headwinds could dampen demand absorption, though management remains confident of 40% sell-through at launch.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to achieve pre-sales of ₹10,000 crore in FY27, driven by new launches and sustaining sales.
- Revenue recognition guided at ₹5,000 crore for FY27, implying completions of ₹6,000-6,500 crore.
- Collections are expected to cross ₹5,000 crore in FY27, supported by steady construction progress.
- The 5.5 msf commercial project will require total capex of ₹3,500-4,000 crore, funded equally by both partners.
Risks flagged
- Global economic uncertainties could dampen housing demand, though management expects 40% sell-through at launch.
- Excessive rains and NGT restrictions caused slippage in FY26 completions; similar issues could recur.
- Analyst questioned if 40% sell-through is achievable; management expressed confidence but macro risks remain.
- The commercial JV is a new asset class for Signatureglobal; execution and leasing success are unproven.
Key quotes
- We are estimating that we'll do new launches in excess of 150 billion.
- Net debt has come down to historical low level reflecting our continued focus on financial discipline.
- We are not going to push that sale prices up. But yes, if market forces help us to price the product at a higher price then of course we are going to grab that pricing increase.
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