India · Delayed Price · Currency is INR Signatureglobal (India) Earnings Call Transcripts
Fiscal Year 2026
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A 50:50 joint venture with RMZ will develop 5.5 million sq ft of Grade A commercial space in Gurugram, with RMZ investing INR 1,283 crore for its stake. The project targets completion in 5 years, aims for high-end office, retail, and hotel assets, and is structured to be largely debt-free at inception.
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Nine-month sales and collections were robust, with higher realizations and margins driven by mid-income projects in Gurugram. Market conditions have normalized, and management expects to close the gap to guidance with strong Q4 completions and collections.
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Sales reached INR 46.6 billion in H1 FY2026, with strong collections and a robust launch pipeline for H2. Gross profit margin improved to 29%, and net debt remains low, supported by a successful INR 8.75 billion NCD raise. Confident in meeting FY2026 guidance.
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Revenue doubled and profit surged in Q1 FY26, driven by robust demand and premium launches, with strong pre-sales and collections. Major new launches and land acquisitions are planned, supporting confidence in meeting FY26 guidance.
Fiscal Year 2025
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Record pre-sales and revenue growth were achieved, with strong margins and reduced net debt. The company targets 20%+ annual pre-sales growth, robust collections, and continued focus on mid-income housing in Gurugram, supported by a healthy land bank and disciplined capital allocation.
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Record pre-sales and collections were achieved, with strong demand in mid-income and premium housing. Net debt declined, margins are expected to improve as higher-value projects complete, and expansion into Delhi is planned, pending regulatory clarity.