Signatureglobal posts Rs 66.905 crore September-quarter profit

Signatureglobal (India) Limited posted consolidated net profit of Rs 66.905 crore for the quarter ended 30 September 2026, reversing a Rs 46.861 crore loss a year earlier, as revenue from operations rose to Rs 817.409 crore from Rs 338.492 crore. Signatureglobal also reversed a Rs 16.529 crore loss in the preceding June quarter.

How did Signatureglobal perform in the September 2026 quarter?

Signatureglobal returned to profit in the quarter ended 30 September 2026, reporting profit before tax of Rs 90.262 crore and net profit of Rs 66.905 crore. This compared with a pre-tax loss of Rs 61.599 crore and net loss of Rs 46.861 crore in the quarter ended 30 September 2025; the June 2026 quarter recorded a net loss of Rs 16.529 crore.

Revenue from operations reached Rs 817.409 crore, up from Rs 551.989 crore in the June 2026 quarter and Rs 338.492 crore a year earlier. Total income was Rs 870.700 crore, including Rs 53.291 crore of other income, compared with Rs 611.724 crore in June 2026 and Rs 372.513 crore in the September 2025 quarter.

Total expenses rose to Rs 780.211 crore from Rs 434.112 crore a year earlier, while cost of revenue increased to Rs 542.493 crore from Rs 236.446 crore. Employee benefits expense declined to Rs 58.390 crore from Rs 67.801 crore, while finance costs increased to Rs 29.743 crore from Rs 13.472 crore over the same period.

Which business drove Signatureglobal's quarterly revenue and result?

Signatureglobal's real-estate segment reported Rs 809.030 crore of revenue and Rs 214.224 crore of segment result in the September 2026 quarter. In the September 2025 quarter, the segment had revenue of Rs 324.683 crore and a result of Rs 70.155 crore, while its June 2026 revenue and result were Rs 543.380 crore and Rs 82.233 crore, respectively.

The non-banking financial company, or NBFC, segment recorded revenue and result of Rs 0.690 crore, compared with Rs 2.866 crore in the year-earlier quarter. Other businesses, comprising construction contracts, business-support services and sale of traded goods, recorded Rs 203.278 crore of revenue and Rs 1.857 crore of result before inter-segment revenue eliminations of Rs 195.589 crore.

Signatureglobal reported an operating margin of 9.22% for the September quarter, compared with negative 8.10% in June 2026 and negative 21.97% a year earlier. Net profit margin was 8.19%, versus negative 2.99% in June 2026 and negative 13.84% in the September 2025 quarter, based on the company’s disclosed ratio definitions.

Why did Signatureglobal report negative operating cash flow?

Signatureglobal used Rs 198.766 crore in operating activities during the six months ended 30 September 2026, despite recording profit before tax of Rs 69.252 crore. The comparable six-month period ended 30 September 2025 generated Rs 79.777 crore of operating cash flow, with the change reflecting working-capital movements in the latest period.

Inventories used Rs 356.185 crore of cash in the six-month period, other current assets used Rs 380.305 crore, and other financial assets used Rs 60.107 crore. These outflows were partly offset by Rs 230.329 crore from trade payables and Rs 346.179 crore from other liabilities, while taxes paid net of refunds were Rs 28.764 crore.

Investing activities generated Rs 153.961 crore in the latest six months, compared with an outflow of Rs 28.867 crore a year earlier. Financing activities used Rs 268.311 crore, including Rs 844.950 crore of long-term borrowing repayments against Rs 710.593 crore of long-term borrowing proceeds, resulting in a Rs 313.116 crore decline in cash and cash equivalents.

What changed in Signatureglobal's assets, debt and liquidity?

Signatureglobal's inventories stood at Rs 11,453.960 crore on 30 September 2026, up from Rs 10,874.086 crore on 31 March 2026. Total assets increased to Rs 17,912.113 crore from Rs 17,255.197 crore, while cash and cash equivalents declined to Rs 2,003.750 crore from Rs 2,316.866 crore.

Total borrowings were Rs 2,846.305 crore at 30 September 2026, comprising Rs 1,695.997 crore of non-current borrowings and Rs 1,150.308 crore of current borrowings. The disclosed debt-equity ratio was 1.48, down from 1.59 at 31 March 2026, while the current ratio was 1.14 against 1.16 at the financial year-end.

Equity attributable to owners of the holding company increased to Rs 1,919.475 crore from Rs 1,849.588 crore at 31 March 2026. Current liabilities rose to Rs 14,216.529 crore from Rs 13,483.973 crore, including Rs 9,059.070 crore of other current liabilities and Rs 3,663.738 crore of trade payables to creditors other than micro and small enterprises.

What does Signatureglobal's half-year result show?

Signatureglobal reported revenue from operations of Rs 1,369.398 crore for the six months ended 30 September 2026, compared with Rs 1,204.161 crore in the corresponding 2025 period. Net profit was Rs 50.376 crore, reversing a Rs 12.426 crore loss, while profit before tax was Rs 69.252 crore against a Rs 15.867 crore loss.

Finance costs for the six months rose to Rs 58.870 crore from Rs 26.053 crore a year earlier, while total tax expense was Rs 18.876 crore compared with a tax credit of Rs 3.441 crore. Signatureglobal also recognised a Rs 0.445 crore share of loss from its joint venture, against no such amount in the prior-year six months.

The board approved the unaudited consolidated results on 5 November 2026 after audit-committee review, and the statutory auditors conducted a limited review. Gurugram Commercity Limited has been accounted for as a joint venture from 30 March 2026 after Signatureglobal's shareholding was diluted to 50% under its arrangement with Millennia Realtors Private Limited of RMZ Group.

Conclusion

Signatureglobal's September-quarter result moved from losses to a Rs 66.905 crore consolidated profit, supported by Rs 817.409 crore of revenue from operations and a Rs 214.224 crore real-estate segment result. The six-month profit of Rs 50.376 crore was accompanied by a Rs 198.766 crore operating cash outflow, principally alongside cash absorption in inventories and other current assets.

The next disclosed matters to watch are the redemption of Rs 875 crore of non-convertible debentures in 12 equal quarterly instalments from 15 April 2026 to 15 January 2029 and the next interest and principal due date of 15 October 2026 stated in the filing. Signatureglobal also disclosed proposed three-year reappointments of four whole-time directors from 15 February 2027, subject to shareholder approval.