Signatureglobal (India) (SIGNATURE) Q1 25/26 earnings summary

Executive summary

• Revenue doubled and profit increased significantly in Q1 FY26, with net profit surging 386% YoY to INR 0.34 billion and revenue up 118% to INR 8.7 billion, driven by strong demand, timely execution, and premium project launches, especially Cloverdale in Gurugram.

• Pre-sales reached INR 26.4 billion, with over 775 units sold at an average ticket size of INR 33.9 million, reflecting a shift to premium segments and achieving 21% of annual sales guidance.

• Major launches included Cloverdale SPR and Titanium SPR in Gurugram, contributing a significant share of pre-sales and achieving a 12-13% price premium over previous launches.

• Over 2,000 apartments delivered and 1.44 million sq ft completed in the quarter, with a focus on mid-income and affordable housing.

• The company delivered 15.7 million sq. ft. by Q1 FY26 and maintains a robust pipeline with 17.1 million sq. ft. of new launches and 24.5 million sq. ft. of upcoming developments.

Financial highlights

• Revenue from operations for Q1 FY26 was INR 8.7 billion, up 118% YoY, with a gross profit margin of 27%, EBITDA margin of 11-12%, and PAT margin of 3.4-4%.

• Collections for Q1 FY26 were INR 9.3 billion, achieving 15% of annual collection guidance, with construction and approval spend exceeding INR 500 crores and a surplus of nearly INR 200 crores.

• Per square foot realization for completed units was INR 6,000–6,100, with premium launches achieving up to INR 16,296 per sq ft.

• Net debt as of June 30, 2025, was INR 8.9 billion, with a net debt to operating cash surplus ratio of 0.54x.

• Basic and diluted EPS for Q1 FY26 stood at INR 2.45 (consolidated) and INR 0.93 (standalone).

Outlook and guidance

• FY26 guidance targets INR 125 billion in pre-sales and INR 48 billion in revenue recognition, with Q1 achieving 21% and 19% of these targets, respectively.

• Construction spend expected to ramp up to INR 700–800 crores per quarter as premium projects scale.

• Collections and revenue are expected to accelerate in subsequent quarters as construction progresses, with significant improvement anticipated in Q3 and Q4.

• Management expects continued growth, supported by new project launches and a strong pipeline, focusing on premium and mid-housing segments.

• The company plans further land acquisitions and project launches in key micro-markets.