Shares of real estate company Signature Global fell by about 6% to reach a two-year low following the company’s announcement that it will not meet its pre-sales target for FY26 and expects zero year-on-year growth. The stock of Signature Global (India) was trading at Rs 949, down by Rs 58.60 or 5.82% at 12:30 pm.
In a regulatory filing, Signature Global disclosed pre-sales figures of Rs 6,680 crore in the first nine months of FY26 and Rs 2,020 crore in Q3, a decrease from the previous year’s Rs 8,670 crore and Rs 2,770 crore respectively. The company stated that it will not achieve its pre-sales target of Rs 12,700 crore but aims to maintain sales at last year’s levels.
Signature Global reported selling 408 units in the December quarter of FY26, a decline from 1,518 units sold a year earlier, with bookings by area dropping to 1.44 million sq ft from 2.49 million sq ft. The stock ranked as the top loser on the Nifty Realty index, which experienced losses of over 1.4% during trading hours.
The company did not provide a specific reason for the sales slowdown in the festive season, which is typically strong for real estate. One potential factor contributing to the lower sales could be the timing of project launches. Signature Global launched a significant housing project on Dwarka Expressway towards the end of December, possibly limiting sales for the quarter.
Chairman Pradeep Kumar Aggarwal commented on the company’s performance, noting a robust performance in the first nine months of FY26 driven by consistent demand in its key micro-markets.
