Signature Global Reports 28% Drop in Pre-Sales, Collections Remain Stable

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reported pre-sales of ₹20.1 billion for the September quarter, marking a 28% year-on-year decline and 24% sequential drop. The area sold fell 44% year-on-year to 1.34 million sq. ft., while collections remained stable at ₹9.4 billion, up 2% annually. Average sales realization improved to ₹15,000 per sq. ft. from ₹12,457 last year, driven by better pricing and product mix. Net debt rose slightly to ₹9.7 billion following the acquisition of 33.47 acres in Sohna with 1.76 million sq. ft. development potential. Chairman Pradeep Kumar Aggarwal said the company remains confident of achieving its yearly growth and performance goals.