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Signature Global Ltd has reduced its net debt by 77 per cent to INR 200 crore at the end of 2025-26, supported by improved cash flows and strengthened liquidity. The company reported cash and cash equivalents of INR 2,770 crore, reflecting a stronger balance sheet position. During the year, it also finalised a 50:50 joint venture with RMZ Group for an 18-acre commercial project in Gurugram, with an investment outlay of INR 7,500 crore. While sales bookings declined to INR 8,220 crore amid softer demand, average realisations rose due to higher pricing and increased contribution from premium housing.
Signature Global Ltd has reduced its net debt by 77 per cent to INR 200 crore in the financial year 2025-26, supported by improved cash flows and liquidity, according to the company's latest operational update. Advertisement
The Gurugram-focused developer reported net debt of INR 200 crore as of March 31, 2026, compared to INR 880 crore at the end of the previous financial year. The company also reported cash and cash equivalents of INR 2,770 crore, indicating a strengthened balance sheet and enhanced financial flexibility for future growth.
During the year, Signature Global entered into a joint venture with RMZ Group to develop a commercial project in Gurugram. Under the agreement, RMZ Group has infused INR 1,293 crore for a 50 per cent stake in the venture. The project, planned on an 18-acre land parcel, will involve a total investment of approximately INR 7,500 crore. The company indicated that a portion of the funds received through the joint venture would be utilised to reduce debt.
Despite improvements in financial metrics, the company reported a decline in sales performance during the fiscal year. Pre-sales fell by 20 per cent to INR 8,220 crore in 2025-26, compared to a record INR 10,290 crore in the preceding year. The company had initially set a target of INR 12,500 crore in sales bookings but later revised expectations following a slowdown in demand in the Gurugram residential market during the latter part of the year.
In volume terms, Signature Global sold 2,114 housing units during the fiscal, significantly lower than the 4,130 units recorded in 2024-25. On an area basis, sales declined by 35 per cent to 5.39 million sq ft, from 8.26 million sq ft in the previous year.
However, the company reported an increase in average sales realisation, which rose to INR 15,250 per sq ft from INR 12,457 per sq ft in 2024-25. This increase was attributed to price appreciation and a higher share of premium and luxury housing in its sales mix.
The company has delivered approximately 16.5 million sq ft of real estate to date and continues to have multiple projects under various stages of construction. It was ranked among the top listed real estate developers in India in 2024-25 in terms of sales bookings, with a strong presence in the Gurugram market.
The financial update reflects a shift towards balance sheet consolidation and selective expansion through partnerships, amid evolving demand conditions in key residential markets.
Source - PTI
5th Jun, 2025
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