Realty developer Kalpataru Ltd has reported an 83% year-on-year growth in pre-sales to Rs 1,249 crore for the quarter ended June, while collections rose 37% to Rs 1,147 crore.
The company sold 0.56 million sq ft space during the quarter, as against 0.61 million sq ft in the same period last year. Average sales realisation more than doubled to Rs 22,476 per sq ft from Rs 11,199 per sq ft a year ago.
Kalpataru utilised Rs 1,192.5 crore from its public issue proceeds towards debt repayment, bringing net debt down to Rs 7,939 crore as of June end from Rs 9,310 crore at the end of March. With this, the net debt-to-equity ratio improved to 2.0x from 3.8x.
“We have a strong launch pipeline for FY26 with a saleable area of 3.16 million sq ft spread across Mumbai and Thane…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 customer focus, we are confident in sustaining our growth momentum and delivering long-term value,” said Parag Munot, Managing Director, Kalpataru Ltd.
For the financial year 2025-26, the company has guided for pre-sales of around Rs 7,000 crore, up 55% over last year, and collections of about Rs 5,700 crore, a 56% rise. Net debt is projected to fall to Rs 7,300 crore.
On a consolidated basis, revenues from operations stood at Rs 443 crore for the quarter. Adjusted operating profit came in at Rs 104 crore with a margin of 23.4%, while the company posted a net loss of Rs 52 crore.
Kalpataru, which made its stock market debut in July, said it remains committed to deepening its presence in key micro-markets across the Mumbai Metropolitan Region and Pune, with a focus on timely project execution, cash flow improvement, and driving strong pre-sales.
The company sold 0.56 million sq ft space during the quarter, as against 0.61 million sq ft in the same period last year. Average sales realisation more than doubled to Rs 22,476 per sq ft from Rs 11,199 per sq ft a year ago.
Kalpataru utilised Rs 1,192.5 crore from its public issue proceeds towards debt repayment, bringing net debt down to Rs 7,939 crore as of June end from Rs 9,310 crore at the end of March. With this, the net debt-to-equity ratio improved to 2.0x from 3.8x.
“We have a strong launch pipeline for FY26 with a saleable area of 3.16 million sq ft spread across Mumbai and Thane…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 customer focus, we are confident in sustaining our growth momentum and delivering long-term value,” said Parag Munot, Managing Director, Kalpataru Ltd.
For the financial year 2025-26, the company has guided for pre-sales of around Rs 7,000 crore, up 55% over last year, and collections of about Rs 5,700 crore, a 56% rise. Net debt is projected to fall to Rs 7,300 crore.
On a consolidated basis, revenues from operations stood at Rs 443 crore for the quarter. Adjusted operating profit came in at Rs 104 crore with a margin of 23.4%, while the company posted a net loss of Rs 52 crore.
Kalpataru, which made its stock market debut in July, said it remains committed to deepening its presence in key micro-markets across the Mumbai Metropolitan Region and Pune, with a focus on timely project execution, cash flow improvement, and driving strong pre-sales.
