Signatureglobal (India) (SIGNATURE) Q2 26/27 earnings summary

Executive summary

• H1 FY27 pre-sales reached INR 38.0bn, with 675+ units sold; portfolio additions of ~10mn sqft brought ongoing, recent-launch and forthcoming saleable area to ~60mn sqft.

• H1 consolidated revenue was ₹13,693.98 million and net profit attributable to owners was ₹503.76 million, versus a net loss in H1 FY26.

• Q2 consolidated revenue was ₹8,174.09 million and net profit attributable to owners was ₹669.05 million, versus a net loss in Q2 FY26.

Financial highlights

• H1 revenue from operations rose 14% YoY to INR 13.7bn; adjusted EBITDA was INR 1.8bn and PAT was INR 0.5bn.

• H1 pre-sales were INR 38.0bn vs INR 46.6bn in H1 FY26; Q2 sales were INR 18.3bn vs INR 20.2bn.

• H1 collections were INR 16.8bn vs INR 18.6bn; Q2 collections were INR 10.1bn vs INR 9.3bn in Q2 FY26.

• Adjusted gross margin was 31.0% and adjusted EBITDA margin 13.1%; Q2 margins were 36% and 18%, respectively.

• H1 area recognition was 1.60mn sqft; cumulative delivered housing area was 19.9mn sqft.

Outlook and guidance

• FY27 pre-sales guidance remains INR 100bn; H1 achieved INR 38bn, with focus on sustaining FY26 sales levels.

• FY27 launch guidance is INR 150bn; INR 43bn was launched in H1, with the balance planned for H2.

• FY27 collection guidance is INR 40bn; H1 collections of INR 16.8bn represented ~42% of the target.

• FY27 revenue recognition guidance is INR 50bn; H1 recognition was INR 14bn.

• Management expects H2 collections to improve with project completions; year-end cash surplus could reach INR 12bn–INR 15bn.