India · Delayed Price · Currency is INR Signatureglobal (India) Earnings Call Transcripts
Fiscal Year 2026
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Record profit and revenue growth in FY 2026, with pre-sales of INR 82.5 billion and net debt near zero. FY 2027 targets include INR 150 billion in launches and INR 100 billion in sales, supported by strong demand and strategic partnerships.
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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.