Operating Highlights

  • Sold over 675 units at an average ticket size of INR 55.9 million during H1'FY27.
  • Q2'FY27 sales were INR 18.3 billion versus INR 20.2 billion in Q2'FY26.
  • H1'FY27 sales were INR 38.0 billion versus INR 46.6 billion in H1'FY26.
  • Average sales realization stood at approximately INR 17,122 per sqft in Q2'FY27 versus INR 15,250 per sqft in FY26.
  • Collections were INR 10.1 billion in Q2'FY27 versus INR 9.3 billion in Q2'FY26.
  • H1'FY27 collections were INR 16.8 billion versus INR 18.6 billion in H1'FY26, achieving approximately 34% of the full-year collection guidance.
  • Operating cash surplus before investment in land was INR 4.8 billion in H1'FY27.
  • Net debt stood at INR 4.5 billion as of 30th September 2026.
  • CARE re-affirmed an A+ stable rating on gross debt (including NCDs).
  • Operating cash surplus growth of 20% was registered year-over-year.

Portfolio and Business Development

  • The company has delivered housing projects totaling approximately 19.9 million sqft.
  • Total portfolio saleable area is approximately 60 million sqft, comprising:
  • 9.2 million sqft ongoing projects
  • 23.2 million sqft recent launches
  • 27.3 million sqft forthcoming projects
  • During H1'FY27, the company added approximately 9.95 million sqft through:
  • 6.77 million sqft in Farrukhnagar (new micro market entry)
  • 0.38 million sqft in SG Sarvam at DXP Estate, Sector-37D (acquired from collaboration)
  • 0.10 million sqft in Sector 71, SPR
  • 2.70 million sqft in Sohna
  • The company launched Tonino Lamborghini Residences in June 2026, marking its foray into branded residences.

Financial Performance (H1'FY27 Consolidated)

  • Total Revenue: INR 13.7 billion (14% YoY growth)
  • Revenue from real estate properties: INR 13.4 billion
  • Mid-Income Housing: INR 10.4 billion (77% contribution)
  • Affordable Housing: INR 3.0 billion (23% contribution)
  • Cost of Goods Sold: INR (9.2) billion
  • Adjusted Gross Profit: INR 4.2 billion (31.0% margin)
  • Other operating revenue & income: INR 1.3 billion
  • Employee Cost: INR (1.2) billion
  • SG&A Expenses: INR (2.3) billion
  • Other expenses: INR (0.2) billion
  • Adjusted EBITDA: INR 1.8 billion (13.1% margin)
  • Profit After Tax (PAT): INR 0.5 billion (3.6% margin)
  • Area recognition: 1.60 million sqft

FY27 Guidance and Pro Forma P&L

  • Full-year pre-sales guidance: INR 100 billion (INR 38 billion achieved in H1, representing 38%)
  • Embedded EBITDA guidance: INR 35 billion (35% margin)
  • Embedded PBT guidance: INR 33 billion (33% margin)
  • Embedded PAT guidance: INR 24.7 billion (25% margin, assuming 25.2% tax rate)
  • Significant launches are planned in H2'FY27 to achieve the guidance.

Strategic Developments

  • Formed a 50:50 strategic joint venture with RMZ Group (Gurugram Commercity Limited) to develop a mixed-use commercial project on ~17 acres on SPR, Gurugram.
  • The JV project scale is ~4.0 million sqft FSI with leasable/saleable area of ~5.6 million sqft and an indicative developable value of INR 14,000–15,000 crore.

Ongoing Portfolio Snapshot (13 Projects)

  • Affordable (4 projects): 27.4 acres, 2.7 million sqft saleable area, 96.2% sold, INR 11.5 billion sold value
  • Mid Income – Gurugram (7 projects): 71.0 acres, 5.9 million sqft saleable area, 96.9% sold, INR 53.0 billion sold value
  • Mid Income - Sohna (1 project): 5.0 acres, 0.4 million sqft saleable area, 93.9% sold, INR 2.4 billion sold value
  • Others – Retail/SCO (1 project): 2.2 acres, 0.2 million sqft saleable area, 66.3% sold, INR 2.0 billion sold value
  • Total: 105.6 acres, 9.2 million sqft saleable area, INR 68.9 billion sold value
  • Estimated revenue recognition: INR 72.3 billion from ongoing projects
  • Estimated collection: INR 13.2 billion from ongoing projects

Forthcoming Pipeline (27.3 million sqft)

  • Sector 71, SPR: 93 acres, 17.8 million sqft (11.9 million forthcoming)
  • Sector 37D, DXP: 50 acres, 9.5 million sqft (2.7 million forthcoming)
  • Sohna Corridor: 181 acres, 10.2 million sqft (3.8 million forthcoming)
  • Manesar: 151 acres, 3.4 million sqft (0.1 million forthcoming)
  • Farrukhnagar: 194 acres, 6.8 million sqft (6.8 million forthcoming)
  • Others: 31 acres, 2.8 million sqft (2.0 million forthcoming)
  • Total: 700 acres, 50.5 million sqft total portfolio (27.3 million forthcoming)

Cash Flow Analysis (H1'FY27)

  • Collections: INR 16.8 billion
  • Others (GST & other inflows): INR 2.4 billion
  • Total Cash Inflow: INR 19.2 billion
  • Operating Expenses:
  • Construction Expenses: INR 8.8 billion
  • SG&A Expenses: INR 3.1 billion
  • Brokerage: INR 1.2 billion
  • Taxes & other outflows: INR 1.3 billion
  • Operating Cashflow Available for Growth & Debt Servicing: INR 4.8 billion
  • Land Advance/Acquisition: INR 5.5 billion
  • Approval Cost: INR 0.1 billion
  • Interest Payments: INR 1.7 billion
  • Decrease/(Increase) in Net Debt: INR (2.5) billion

Additional Information

  • The company aims to keep net debt below 0.5x the projected operating surplus for FY27.
  • As of 30th September 2026, the company had a sales team of 155 members and a network of 2,750+ channel partners.
  • The company has a strong brand presence with national campaigns generating over 972 million social media views for the Tonino Lamborghini launch.
  • Signature Global is focused on sustainable development, with all projects being either EDGE or IGBC certified.