Kalpataru Limited (KALPATARU) Q1 25/26 earnings summary

Executive summary

• Achieved record pre-sales of INR 1,249 cr in Q1 FY26, up 83% year-over-year, with collections at INR 1,147 cr, up 37% year-over-year.

• Consolidated revenue from operations for the quarter ended 30 June 2025 was Rs. 44,320 lakhs, down from Rs. 53,048 lakhs in the same quarter last year.

• The group reported a consolidated net loss of Rs. 5,184 lakhs for the quarter, compared to a net loss of Rs. 45 lakhs in the same quarter last year.

• Area sold was 0.56 msf, with average realization per sq.ft. rising 101% year-over-year to INR 22,476.

• Net debt reduced to INR 7,939 cr as of June 30, 2025, following an equity infusion of INR 1,590 cr via IPO.

Financial highlights

• Q1 FY26 revenue from operations was INR 443 cr, down from INR 530 cr in Q1 FY25.

• Adjusted EBITDA for Q1 FY26 was INR 104 cr (margin 23.4%), compared to INR 139 cr (margin 26.2%) in Q1 FY25.

• Reported EBITDA was negative at INR -24 cr, with a PAT loss of INR 52 cr in Q1 FY26.

• Consolidated total income for the quarter was Rs. 45,678 lakhs, down from Rs. 54,467 lakhs year-over-year.

• Basic and diluted consolidated EPS for the quarter were both (2.92), compared to (0.05) in the same quarter last year.

Outlook and guidance

• FY26 guidance targets pre-sales of ~INR 7,000 cr (up 55% from FY25) and collections of ~INR 5,700 cr (up 56%).

• Net debt is projected to decrease to ~INR 7,300 cr by FY26 year-end, a 22% reduction from FY25.

• The company continues to focus on the development of real estate property as its primary business segment.