• Event Type: Earnings Conference Call discussing Q2 and H1 FY27 unaudited financial results.
  • Date and Time: The call was held on Friday, October 30, 2026, at 10:25 a.m. IST.
  • Purpose: Discussion of quarterly results, operational performance, and future outlook.
  • Management Participants: Mr. Parag Munot (Managing Director), Mr. Narendra Lodha (Executive Director), Mr. Chandrashekhar Joglekar (Director of Finance and CFO), and Mr. Advait Phatarfod (Head - Investor Relations).
  • Availability of Materials: The transcript of the earnings call is available on the company's website at Kalpataru | Investor Corner | Transcript.
  • Compliance: The filing is made under Regulation 30 of SEBI Listing Regulations, following the initial intimation dated October 30, 2026.

Financial and Operational Highlights

Q2 FY27 Performance:

  • Revenue from operations: INR 437 crore
  • Adjusted EBITDA: INR 73 crore
  • EBITDA Margin: 16.6%
  • Net Loss: INR 71 crore

H1 FY27 Performance:

  • Revenue from operations: INR 909 crore
  • Adjusted EBITDA: INR 167 crore
  • EBITDA Margin: 18.4%
  • Net Loss: INR 100 crore

Operational Metrics:

  • Q2 FY27 Pre-sales: INR 1,258 crore (down 5% YoY)
  • H1 FY27 Pre-sales: INR 2,587 crore (flat YoY)
  • Q2 FY27 Sales Collection: INR 1,189 crore (flat YoY)
  • H1 FY27 Sales Collection: INR 2,554 crore (up 9% YoY)
  • Kalpataru Park City, Thane H1 Pre-sales: ~INR 420 crore (up 130% from INR 167 crore in H1 FY26)

Project Completions:

  • Q2 FY27: 1.58 million square feet across ~1,500 units
  • H1 FY27: 2.37 million square feet across over 2,200 units

Balance Sheet Position (as of September 30, 2026):

  • Gross Debt: INR 9,179 crore
  • Cash and Cash Equivalents: INR 856 crore
  • Net Debt: INR 8,323 crore
  • Net Debt-to-Equity Ratio: 2.1x

Guidance and Outlook:

  • FY27 Pre-sales Guidance: Unchanged at INR 6,500 crore
  • FY27 Completion Target: 5.5 million square feet (with 2.37 million sq. ft. already completed in H1)
  • Total Ongoing Projects: 14 million square feet to be completed in FY27, FY28, and FY29
  • Net Debt Guidance: Expected to remain flat compared to FY26 levels

New Launches and Pipeline:

  • Kalpataru Elaara (Goregaon West): Launched in mid-September, 30% sold
  • Kalpataru Vian (Lokhandwala): Continued sales momentum in Q2
  • Upcoming Launches: Suman Nagar (Chembur) in Q4, Kalpataru Blossoms (Pune) before December, Kalpataru Ardene (Nagpur) in Q4

Demand Environment: Management reported healthy demand across all price segments (under INR 3 crore, INR 3-10 crore, and luxury segments) and locations (Thane, Mira Road, Pune, Western suburbs, South Mumbai).

Price Increases: The company has implemented 3%-5% price hikes to absorb inflationary impacts.

Additional Notes

  • The document is a regulatory filing containing the full transcript of the earnings conference call.
  • The filing includes detailed Q&A session with analysts from JM Financial and individual investors.
  • The company follows the project completion method for revenue recognition for most of its projects.
  • All financial data and forward-looking statements were explicitly disclosed during the earnings call.