Kalpataru Limited (KALPATARU) investor relations material

Executive summary

• Q1 FY 2027 saw steady operational momentum, with pre-sales up 6% year-on-year to INR 1,329 crore and sales collections up 17% to INR 1,365 crore, despite global macroeconomic turbulence.

• Area sold increased 48% year-on-year to 0.82 msf, though average realization per sq.ft. declined 28% to INR 16,177 due to project mix.

• Significant growth in Kalpataru Parkcity, Thane, with pre-sales surging 350% year-on-year on a subpar base.

• New launches included two project phases totaling 1.25 million sq ft in Mumbai and Thane.

• Net debt as of June 30, 2026, stood at INR 8,229 crore, with a net debt/equity ratio of 2.0x.

Financial highlights

• Revenue from operations for Q1 FY 2027 was INR 472 crore, up from INR 443 crore in Q1 FY26.

• Adjusted EBITDA stood at INR 95 crore with a margin of 20%.

• Reported a net loss of INR 29 crore for the quarter due to project completion-based revenue recognition.

• Gross debt as of June 30, 2026, was INR 9,189 crore; cash and equivalents at INR 959 crore.

• Net debt/equity improved to 2.0x as of June 30, 2026, from 3.8x in March 2025.

Outlook and guidance

• Targeting FY 2027 pre-sales of INR 6,500 crore, a 23% increase over FY 2026.

• Pipeline of new launches worth INR 7,800 crore and 5 million sq ft planned for the year.

• Completion of 15 million sq ft of ongoing projects expected over FY 2027–2029, strengthening balance sheet and cash flows.

• Focus remains on Mumbai, Pune, and Thane micro-markets, with a strong pipeline and diversified presence.

• The company continues to monitor the impact of new Labour Codes and will incorporate further accounting implications as required.