Kalpataru Limited's Board of Directors met on August 03, 2026, and approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The meeting commenced at 02:30 p.m. and concluded at 03:50 p.m.

Standalone Financial Results (₹ in Lakhs)

Income:

  • Revenue from Operations: ₹4,685
  • Other Income: ₹3,927
  • Total Income: ₹8,612

Expenses:

  • Cost of sales and other operational expenses: ₹538
  • Employee Benefits expense: ₹1,829
  • Finance Costs: ₹3,726
  • Depreciation and Amortisation expenses: ₹331
  • Other expenses: ₹2,096
  • Total Expenses: ₹8,520

Profit/(Loss):

  • Profit/(loss) before exceptional item and tax: ₹92
  • Exceptional items: ₹0
  • Profit/(loss) before tax: ₹92

Tax expenses (net):

  • Current Tax: ₹311
  • Earlier year Tax: ₹(144)
  • Deferred Tax: ₹(75)
  • Total Tax: ₹92

Net Result:

  • Profit/(loss) for the Period: ₹0
  • Other Comprehensive Income/(expenses) net of tax: ₹(89)
  • Total Comprehensive Income (Loss) for the Period: ₹(89)

Capital Structure:

  • Paid-up equity share capital (Face value of ₹10 each): ₹20,591

Earnings Per Share (EPS):

  • Basic EPS: ₹(0.04)
  • Diluted EPS: ₹(0.04)

Consolidated Financial Results (₹ in Lakhs)

Income:

  • Revenue from Operations: ₹47,220
  • Other Income: ₹2,284
  • Total Income: ₹49,504

Expenses:

  • Cost of sales and other operational expenses: ₹38,934
  • Employee benefits expense: ₹6,037
  • Finance Costs: ₹2,049
  • Depreciation and Amortisation Expenses: ₹1,026
  • Other Expenses: ₹6,835
  • Total Expenses: ₹54,881

Profit/(Loss):

  • Profit/(loss) before share of profits/(loss) in Associate and Joint Venture and exceptional items: ₹(5,377)
  • Share of Net Profit/(loss) in Associates and Joint Venture: ₹1,872
  • Profit/(loss) before exceptional item and tax: ₹(3,505)
  • Exceptional item: ₹0
  • Profit/(loss) before tax: ₹(3,505)

Tax Expense:

  • Current tax: ₹617
  • Earlier year tax: ₹5
  • Deferred tax (credit)/charge: ₹(1,223)
  • Total Tax: ₹(601)

Net Result:

  • Profit/(loss) for the Period/Year: ₹(2,904)
  • Other comprehensive (Expense)/Income net of tax: ₹(520)
  • Total comprehensive Income/(loss) for the period/year after tax: ₹(3,424)

Attribution:

  • Net Profit/(loss) attributable to Owners of the parent: ₹(2,652)
  • Net Profit/(loss) attributable to Non-controlling interest: ₹(252)
  • Total comprehensive income/(loss) attributable to Owners of the parent: ₹(3,153)
  • Total comprehensive income/(loss) attributable to Non-controlling interest: ₹(271)

Capital Structure:

  • Paid-up equity share capital: ₹20,591

Earnings per share (EPS):

  • Basic EPS: ₹(1.29)
  • Diluted EPS: ₹(1.29)

Key Notes to Financial Results

  • IPO Proceeds Utilization: The utilization of net IPO proceeds (₹1,59,000 Lakhs) as of June 30, 2026, is summarized as:
  • Repayment of certain borrowings of Kalpataru Limited: ₹33,326 Lakhs (fully utilized)
  • Repayment of certain borrowings of Subsidiary: ₹85,924 Lakhs (fully utilized)
  • General corporate purpose: ₹32,467 Lakhs utilized (₹8 Lakhs balance/unutilized)
  • Issue Expenses: ₹7,169 Lakhs utilized (₹106 Lakhs balance/unutilized)
  • Total Utilized: ₹1,58,886 Lakhs; Balance/Unutilized: ₹114 Lakhs
  • A Board Resolution dated April 15, 2026, allows reallocation of up to ₹100 Lakhs from IPO Issue expenses to General Corporate Purposes.
  • Labour Codes Impact: The Government of India notified provisions of the Labour Codes on November 21, 2025. For the financial year 2025-26, an incremental impact of ₹174 Lakhs (standalone) and ₹770 Lakhs (consolidated) relating to gratuity and leave encashment was presented as an exceptional item due to the revised definition of wages.
  • Segment Information: The Company/Group operates primarily in real estate development within India, considered a single business and geographical segment.
  • Subsidiary NCD Issuance: Subsidiary Kalpataru Properties Limited issued 1,63,500 secured, rated, listed, redeemable non-convertible Debentures of face value ₹1 Lakh each (aggregating ₹1,635 Crores) on a private placement basis. These NCDs were listed on BSE Limited on May 25, 2026.

Auditor's Review

KKC & Associates LLP conducted a limited review and issued an unmodified conclusion. Key qualifications:

  • Standalone: Reliance on other auditors for review of share in loss of 1 partnership firm (₹2 Lakhs) and unaudited management certifications for 6 LLPs (₹96 Lakhs loss) and 2 partnership firms (₹2 Lakhs loss).
  • Consolidated: Reliance on other auditors for 15 subsidiaries (representing revenues of ₹23,850 Lakhs and net loss of ₹2,150 Lakhs) and unaudited management certifications for 11 subsidiaries (₹90 Lakhs revenue, ₹141 Lakhs net loss) and 1 associate + 2 joint ventures (₹1,872 Lakhs share of net profit).