Kalpataru Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Announcement under Regulation 30 (LODR)-Press Release / Media Release".
KALPATARU · price
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Awaiting price reaction for this filing.
Kalpataru Limited, a Mumbai-based real estate developer, reported Q1 FY26 pre-sales of ₹1,249 crore, up 83% year-on-year from ₹682 crore in Q1 FY25, with collections rising 37% YoY to ₹1,147 crore. Average sale realisation more than doubled to ₹22,476 per sq ft (up 101% YoY), though area sold dipped 9% to 0.56 million sq ft. The company used ₹1,192.5 crore of IPO proceeds to repay debt, bringing net debt down to ₹7,939 crore and improving the net debt-to-equity ratio sharply from 3.8x to 2.0x. For FY26, Kalpataru has guided for pre-sales of ~₹7,000 crore (55% growth over FY25) and collections of ~₹5,700 crore, with a launch pipeline of 3.16 million sq ft across Mumbai and Thane. On the consolidated P&L (under IND-AS 115), revenue was ₹443 crore, adjusted EBITDA was ₹104 crore (23.4% margin), and the company posted a loss of ₹52 crore at the PAT level, partly due to the project completion method of revenue recognition. This was the last quarter reported before the company's stock listing on July 1, 2025.
Strong pre-sales growth, doubling of realisation prices, and a sharp drop in leverage signal healthy operational momentum and balance sheet strengthening, which are likely positive for the newly listed stock. However, the PAT loss and a one-off accounting transition may temper near-term earnings optimism even as FY26 guidance points to robust top-line growth.