Signature Global shares fall 36.91% year to date as H1 pre-sales decline

Signature Global (India) Limited shares were down 36.91% year to date, a fall of ₹416.65 per share, on 21 October 2026, as the Gurugram developer reported lower pre-sales for the first half of FY27. The company’s provisional operational update, disclosed on 10 October, showed Q2 pre-sales of ₹1,830 crore, down 9% from ₹2,020 crore in the same quarter a year earlier. The share-price movement and the operational figures are separate measures; the company has not stated that the sales update caused the stock’s decline.

For the six months to September, pre-sales fell 18% to ₹3,800 crore from ₹4,660 crore in the corresponding period last year. Q2 bookings were also about 7% below the ₹1,970 crore recorded in Q1 FY27. Pre-sales refer to the value of homes booked, rather than revenue recognised in the company’s accounts.

Collections and units sold increased

Quarterly collections were ₹1,010 crore, up 9% from ₹930 crore in Q2 FY26 and 51% from ₹670 crore in Q1 FY27. Collections for H1 FY27, however, were ₹1,680 crore compared with ₹1,860 crore in the first half of the previous financial year.

Signature Global sold 454 housing units in Q2, more than double the 226 units sold in Q1. The bookings covered 0.88 million sq ft, and average sales realisation rose 12.3% to ₹17,122 per sq ft. The company’s chairman and whole-time director, Pradeep Kumar Aggarwal, said the quarter marked a period of “strong execution and financial progress”. He also said higher collections reflected “sustained customer confidence in our projects”.

The company cited the launch of Tonino Lamborghini Residences on the Southern Peripheral Road in Sector 71, Gurugram, among its Q2 activity. Its provisional update recorded the quarter’s bookings across 454 units; it did not provide a project-level breakdown in the figures available.

Second-half bookings will be watched

Signature Global’s FY27 pre-sales target is ₹10,000 crore, set out in its August investor presentation. The ₹3,800 crore booked in H1 represents 38% of that annual target, leaving ₹6,200 crore to be booked in the second half if the company is to meet it. The next operational update will show whether bookings accelerate; a date for that update was not available.

The market backdrop is mixed. Gurugram contributed 43% of Delhi-NCR residential sales in Q2 2026, according to JLL, but Knight Frank India reported that NCR sales fell 11% year on year in January-September 2026. Gurugram accounted for most of that regional decline and held 57% of NCR’s unsold housing stock. Those figures offer context for the developer’s sales performance, but do not establish a direct link to its share-price movement.

The stock rose 0.32% over the five trading sessions to 21 October, despite its year-to-date decline. Investors will be watching the next operational update for the pace of pre-sales and collections against the annual target, as well as the company’s subsequent financial results.