Signatureglobal (India) (SIGNATURE) Q3 25/26 earnings summary

Executive summary

• Strong performance in the first nine months of FY 2026, with robust launches and sales in the Delhi NCR region, particularly Gurugram, amid a supportive macroeconomic and policy environment.

• Achieved sales of INR 66.8 bn and sold 4.41 mn sqft in 9M'FY26, with a 58% CAGR in sales from FY22–FY25.

• Focused on premium and mid-income housing, with strong launches in key micro markets and expansion into township projects.

• Maintained robust collections of INR 30.9 bn in 9M'FY26, supporting fast-paced construction and low net debt.

• Recognized for sustainability, with all projects Edge or IGBC certified and a GRESB score of 84.

• Unaudited consolidated and standalone financial results for the quarter and nine months ended 31 December 2025 were approved and reviewed by the Board and auditors.

Financial highlights

• Nine-month sales reached INR 67 billion, with Q3 sales at INR 20.1 billion; 1,700 units sold at an average price of INR 38 million per unit.

• Revenue recognized at INR 14.9 bn in 9M'FY26, with mid-income housing contributing 73% and affordable housing 27%.

• Adjusted gross profit margin improved to 31% for nine months and 40% in Q3, supported by mid-income projects.

• PAT for 9M'FY26 was INR (0.6) bn, impacted by project completion timing.

• Net debt remains stable at around INR 10 billion, with gross debt over INR 30 billion and cash equivalents over INR 20 billion.

• Consolidated revenue from operations for the quarter was Rs. 2,844.38 million, down from Rs. 3,384.92 million in the previous quarter; nine-month revenue was Rs. 8,276.85 million.

• Consolidated net loss for the quarter was Rs. 453.38 million, compared to a net loss of Rs. 468.61 million in the previous quarter; nine-month net loss was Rs. 577.64 million.

Outlook and guidance

• Launches for FY 2026 expected to exceed INR 150 billion, with guidance initially set at INR 170 billion.

• Management anticipates closing the gap between actuals and guidance by year-end, with strong Q4 completions and collections expected.

• Sales growth is expected to moderate to around 15% annually, reflecting a more mature market after several years of rapid expansion.

• Full-year launch and collection guidance for FY26 remains on track, with momentum expected to pick up as construction completes.

• Estimated revenue recognition of INR 104 bn from ongoing projects over the next 5–6 quarters.

• The impact of new Indian labour codes notified in November 2025 is assessed as not material, with ongoing monitoring for further regulatory clarifications.