Signature Global Targets Rs 12,500 Cr Sales in FY26

New Delhi, Jul 11 (PTI) Realty firm Signature Global is confident of achieving its target to sell homes worth Rs 12,500 crore this fiscal, despite a 15 per cent fall in bookings in the June quarter, a top company official said.

Signature Global emerged as the fifth largest listed real estate firm during 2024-25 fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore.

The Gurugram-based company has given a guidance of clocking Rs 12,500 crore worth pre-sales or sales bookings in the current fiscal.

"We are confident of achieving the target of Rs 12,500 crore sales bookings in the current fiscal," Signature Global Chairman Pradeep Kumar Aggarwal told PTI.

He said the company has a strong launch pipeline in Gurugram for the remaining period of this fiscal year.

Aggarwal noted that the housing demand continues to be strong especially for the companies having a good track record of executing projects on time.

During April-June quarter, the company reported a 15 per cent decline in sales bookings to Rs 2,640 crore from Rs 3,120 crore in the year-ago period.

The company sold 778 homes in April-June 2025, as against 968 units in the year-ago period.

In terms of volumes, the pre-sales dipped 20 per cent to 16 lakh square feet.

During the June quarter, the average sales realization stood at Rs 16,296 per sq ft, as against Rs 12,457 per sq ft in the entire last fiscal.

Recently, Signature Global announced plans to raise Rs 875 crore through issue of non-convertible debentures to refinance debt and expand business.

Signature Global posted a net profit of Rs 101.2 crore last fiscal, a sharp jump from Rs 16.32 crore in the preceding year.

Its total income grew to Rs 2,637.99 crore in the last fiscal, from Rs 1,324.55 crore in 2023-24.

Since inception, Signature Global has delivered 13.5 million sq ft of housing projects and has a strong pipeline of about 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years.