Kalpataru Limited Q1 FY26 Pre-Sales Up 83% to ₹1,249 Crore

Kalpataru Limited, a leading developer in Mumbai Metropolitan Region (MMR) announced its results today for the quarter ended 30th June 2025.

Management Comments:

Commenting on the results, Mr. Parag Munot, Managing Director, Kalpataru Limited said: “We are pleased to share the performance highlights of Kalpataru Limited for the quarter ended June 2025 — a period marked by strong operational performance and balance sheet strengthening. This also happens to be the last quarter for which the company is reporting its performance prior to getting listed on 1st July 2025”

We are happy to report a robust 83% year-on-year growth in pre-sales, reaching ₹1,249 crore in Q1 FY26, along with a 37% year-on-year increase in collections. The company has utilized ₹1,192.5 crore from IPO proceeds towards debt repayment, in line with the objects of the issue and remains committed to further strengthening the balance sheet through continued debt reduction efforts.

He added, “We have a strong launch pipeline for FY26 with a saleable area of 3.16 msf spread across Mumbai and Thane. Looking ahead, we remain committed to deepening our presence in key micro-markets across MMR and Pune, anchored by the trust we've built. Our focus will continue to be on timely project execution to drive collections and strengthen cash flows as well as driving strong pre-sales across our projects. With a clear strategy, solid fundamentals, and unwavering customer focus, we are confident in sustaining our growth momentum and delivering long-term value.”

Operational Highlights for Q1 FY26

• Pre-Sales value stood at INR 1,249 cr against INR 682 cr in Q1 FY25, up by 83% YoY
• Collections stood at INR 1,147 cr against INR 838 cr in Q1 FY25, up 37% YoY
• Area sold stood at 0.56 msf against 0.61 msf sold in Q1 FY25, down by 9% YoY while Average Sale realization stood at INR 22,476 per sq.ft. as against INR 11,199 per sq.ft. in the same period last year, up 101% YoY

Net Debt

• Net Debt as on 30th June 2025 stood at INR 7,939 cr and Net Debt/Equity Ratio stood at 2.0x as compared to 3.8x as on 31st March 2025

FY26 Guidance

Consolidated Financial Performance (As per IND-AS 115) for the Q1 FY26

The Company follows a Project Completion Method (PCM) of recognizing revenues for its projects started post April 2022 as a result of which revenue from such projects is recognized only upon obtaining Occupation Certificate (OC) whereas expenses such as Marketing and Corporate Overheads are expensed in the quarter that they incur. Till Q1 FY26, majority revenue recognized has been from projects which are on Percentage of Completion method (POCM). Out of 24 Ongoing Projects, the company follows PCM in respect to 13 projects, however the cost of marketing & corporate overheads thereof is charged to P&L.

• Revenues from Operations stood at INR 443 cr
• Adjusted EBITDA stood at INR 104 cr
• Adjusted EBITDA margin stood at 23.4%
• PAT stood at (INR 52) cr