Kalpataru Ltd Achieves 83% Year-on-Year Growth in Q1 Pre-Sales
Kalpataru Ltd, a prominent real estate developer, has reported an 83% year-on-year growth in pre-sales to Rs 1,249 crore for the quarter ended June, highlighting strong performance in the Pune and Mumbai markets.
Real EstatePresalesDebt RepaymentFinancial PerformanceKalpataru LtdReal Estate PuneAug 14, 2025
The company sold 0.56 million square feet of space during the quarter, slightly down from 0.61 million square feet in the same period last year. However, the average sales realization more than doubled to Rs 22,476 per square foot from Rs 11,199 per square foot a year ago, reflecting a significant improvement in pricing and market conditions.
Kalpataru utilized Rs 1,192.5 crore from its public issue proceeds to repay debt, reducing its net debt to Rs 7,939 crore as of June end from Rs 9,310 crore at the end of March. This reduction in net debt has improved the net debt-to-equity ratio to 2.0x from 3.8x, showcasing the company's financial health and strategic focus on debt management.
Commenting on the company's performance, Parag Munot, Managing Director of Kalpataru Ltd, said, “We have a strong launch pipeline for FY26 with a saleable area of 3.16 million square feet 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.”
For the financial year 2025-26, Kalpataru has set ambitious targets, guiding for pre-sales of around Rs 7,000 crore, a 55% increase over the previous year, and collections of about Rs 5,700 crore, a 56% rise. The company also projects its net debt to fall to Rs 7,300 crore, further solidifying its financial position.
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 reported a net loss of Rs 52 crore. Despite the net loss, the overall financial performance and strategic initiatives indicate a positive outlook for the company.
Kalpataru, which made its stock market debut in July, remains committed to deepening its presence in key micro-markets across the Mumbai Metropolitan Region and Pune. The company's focus on timely project execution, cash flow improvement, and driving strong pre-sales is expected to drive sustained growth and value for its stakeholders.
Frequently Asked Questions
What is the percentage growth in Kalpataru Ltd's pre-sales for Q1?
Kalpataru Ltd reported an 83% year-on-year growth in pre-sales for the quarter ended June, reaching Rs 1,249 crore.
How much did Kalpataru Ltd's collections increase in Q1?
Kalpataru Ltd's collections increased by 37% to Rs 1,147 crore in the quarter ended June.
What is the new net debt-to-equity ratio of Kalpataru Ltd?
Kalpataru Ltd's net debt-to-equity ratio improved to 2.0x from 3.8x after reducing its net debt to Rs 7,939 crore as of June end.
What are Kalpataru Ltd's targets for the financial year 2025-26?
For the financial year 2025-26, Kalpataru Ltd has set targets for pre-sales of around Rs 7,000 crore and collections of about Rs 5,700 crore, with a projected net debt reduction to Rs 7,300 crore.
What is Kalpataru Ltd's focus for the future?
Kalpataru Ltd is focused on timely project execution, cash flow improvement, and driving strong pre-sales, with an emphasis on deepening its presence in key micro-markets across the Mumbai Metropolitan Region and Pune.
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