SIMPLE ANSWER: OH YES IT DOES.
I often get asked “I have an exalted planet” wouldn’t it give me good results. My answer is always that “It depends”.
HOUSES OF Planets ARE ALWAYS MORE IMPORTANT THAN SIGNS.
Saturn remains in exaltation sign for 2.5 years however, it changes houses every 2 hours, hence houses would always take precedence over signs.
One good example of this is Lord Rama. He was one of the greatest men ever, almost all Planets including Saturn were exalted. However, he was a Cancer ascendant, and had an exalted Saturn in the 4th house which is one of the worst placements of Saturn.
We all know what his “Mother” did to him, he was exiled. Then we all know what happened to his married life, it was destroyed.
So if an avatar like Lord Rama could not get good results from a badly placed but exalted Saturn, what to speak of a common men .
So answer is a resounding YES.
G. Vijay Kumar