Kalpataru Limited submitted an intimation to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI Listing Regulations, enclosing an Investor Presentation on its Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026 (Q1 FY27).

Financial Performance (Consolidated)

  • Revenue from Operations: Stood at ₹472 crore for Q1 FY27, compared to ₹443 crore in Q1 FY26 and ₹3,436 crore for the full year FY26.
  • EBITDA: Reported a loss of ₹(31) crore for Q1 FY27, compared to a loss of ₹(24) crore in Q1 FY26. The EBITDA Margin was -6.6% for Q1 FY27 versus -5.5% in the year-ago quarter.
  • Adjusted EBITDA: Was ₹95 crore for Q1 FY27, down from ₹104 crore in Q1 FY26. The Adjusted EBITDA Margin was 20.1% for the quarter, compared to 23.4% in Q1 FY26. The company defines Adjusted EBITDA as EBITDA plus the finance cost component included in cost of sales and other operational expenses.
  • Profit After Tax (PAT): Reported a net loss of ₹(29) crore for Q1 FY27, an improvement from a net loss of ₹(52) crore in Q1 FY26. Full-year FY26 PAT was ₹80 crore.

Operational Highlights: Q1 FY27

  • Completions: Received Occupation Certificate (OC) for an area of ~0.79 million square feet (msf), aggregating to ~668 apartments. This compares to ~1.44 msf receiving OC in Q1 FY26.
  • New Launches: Launched one new project, 'Kalpataru Vian, Hrushikesh, Lokhandwala' in Mumbai, and 'Tower C in Estella at Kalpataru Parkcity, Thane'. The total saleable area launched was ~1.25 msf.
  • Business Development: Signed a Development Agreement (DA) for a Society Redevelopment (Cluster) on a ~2.8-acre land parcel in Kandivali (E). The estimated Gross Development Value (GDV) for this project is ~₹1,250 crore.
  • Annuity Portfolio: Comprising two office properties in Mumbai and one retail mall in Thane, generated a gross rental income of ~₹47 crore in Q1 FY27.
  • Net Debt & Leverage: Net Debt as of June 30, 2026, stood at ₹8,229 crore. The Net Debt-to-Equity ratio was 2.0x. Stated Gross Debt was ₹10,172 crore against Cash & Cash Equivalents of ₹862 crore.

Portfolio Synopsis (as of June 30, 2026)

The presentation provided a detailed breakdown of the company's project portfolio, representing its 100% economic interest and excluding land reserves. The data does not include income from rental assets or project management fees.

  • Ongoing Projects (19 projects): Total developable area of 23.6 msf, with 11.0 msf already sold. The total GDV potential is ₹36,754 crore. The value of sold inventory is ₹13,659 crore, with a balance collection of ₹4,597 crore remaining. The expected value of unsold inventory is ₹23,095 crore, leading to total future inflows of ₹27,692 crore from ongoing projects.
  • Completed Projects – RTMI: Expected to generate future inflows of ₹1,027 crore, comprising ₹288 crore in balance collections and ₹738 crore from unsold inventory.
  • Forthcoming Projects (11 projects): Total developable area of 19.0 msf with a total GDV potential of ₹27,669 crore, representing total future inflows.
  • Total Portfolio (A+B+C): 30 projects with a total developable area of 42.5 msf and a total GDV potential of ₹64,422 crore. Total future inflows from the entire portfolio are projected at ₹56,388 crore.

Planned Launches for FY27

The company outlined six specific projects slated for launch in FY27, with a total developable area of ~4.92 msf and an estimated total GDV of ~₹7,758 crore. Two of these projects, Kalpataru Vian and Estella Tower C, were launched in Q1 FY27.

Sustainability & CSR Initiatives

  • Sustainability: The company is a founding member of the Indian Green Building Council (IGBC). Its total built-up area as per IGBC is 37.14 msf. Specific projects like Kalpataru Paramount and Kalpataru Vista have received IGBC Platinum and Gold certifications, respectively. Initiatives at project sites include health checkups for workers, drip irrigation, and dust suppression.
  • Corporate Social Responsibility (CSR): Key initiatives in Q1 FY27 included:
  • Healthcare: A Mobile Medical Unit (MMU) in Karjat served 4,261 patients, with 3,260 receiving medication. A new MMU was launched in Nagpur in June 2026, reaching 613 beneficiaries.
  • Education: The 'Abhyasika' program in Karjat delivered 158 learning days per student, benefiting 63 students. A teacher training workshop was also conducted.
  • Skill Development: 72 youth are undergoing training across multiple digital skill trades.
  • Environment: Weekly clean-up drives removed 25,066 kgs of plastic waste and marine debris, with 10,026 kgs sent for recycling.

Awards and Accolades

The company won several RealtyView Leadership Awards 2026 (Maharashtra), including Developer of the Year (Residential) Metro, Best Commercial Project (Kalpataru Virtus), Best Integrated Township (Kalpataru Parkcity), and Best Residential Project – Signature Luxury (Kalpataru Oceana).