Operational Highlights for Q1 FY27

  • Pre-Sales Value: Stood at ₹1,329 Crore, against ₹1,249 Crore in Q1 FY26, representing a 6% year-on-year (YoY) increase.
  • Collections: Stood at ₹1,365 Crore, against ₹1,165 Crore in Q1 FY26, representing a 17% YoY increase.
  • Area Sold: Stood at 0.82 million square feet (msf), against 0.56 msf sold in Q1 FY26, representing a 48% YoY increase.
  • Average Sale Realization: Stood at ₹16,177 per sq.ft., as against ₹22,476 per sq.ft. in Q1 FY26, representing a 28% YoY decrease.

Financial Performance (Consolidated, as per IND-AS 115) for Q1 FY27

  • Revenues from Operations: Stood at ₹472 Crore.
  • Adjusted EBITDA: Stood at ₹95 Crore.
  • Adjusted EBITDA Margin: Stood at 20.1%.
  • Profit After Tax (PAT): Stood at ₹(29) Crore (a loss).

Net Debt Position

  • Net Debt as on June 30, 2026: Stood at ₹8,229 Crore.
  • Net Debt/Equity Ratio: Stood at 2.0x.

New Launches and Business Development

During the quarter, the company undertook the following strategic initiatives:

  • Launched the luxury residential project Kalpataru Vian, Hrushikesh, Lokhandwala.
  • Launched Tower C at Estella, Kalpataru Parkcity in Thane.
  • Signed a Development Agreement (DA) for a cluster redevelopment project on a ~2.8 acre land parcel in Kandivali (E).
  • The Kandivali project has an estimated Gross Development Value (GDV) of approximately ₹1,250 Crore.

Management Commentary

Mr. Parag Munot, Managing Director, commented on the performance, citing "resilient operational performance" and "sustained demand across key markets." He highlighted the 17% growth in collections as a demonstration of "healthy customer conversions and strong cash flow generation." The management reiterated its focus on expanding the project pipeline, enhancing operational efficiencies, and pursuing growth in a "prudent and calibrated manner."

Company Profile & Context

The document reiterates that Kalpataru Limited is a leading developer in the Mumbai Metropolitan Region (MMR) with a focus on residential, commercial, and retail projects. It notes the company has 85 completed projects (24.5 Million Sq. Ft.) and 30 ongoing/forthcoming projects (~42.5 Million Sq. Ft.) across multiple cities.