Kalpataru Limited concluded its earnings conference call with analysts and investors on Tuesday, August 04, 2026, discussing its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company has made the audio recording of the proceedings publicly accessible on its website, ensuring transparency for stakeholders who could not attend the live session.

The conference call was conducted in compliance with Regulation 30 and Regulation 46 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. Management confirmed that no unpublished price-sensitive information (UPSI) was disclosed during the interaction. The Board of Directors had previously approved the financial results on Monday, August 03, 2026.

Key Participants

The management team representing Kalpataru Limited during the conference call included:

• Parag M. Munot, Managing Director
• Narendra Lodha, Executive Director
• Chandrashekhar Joglekar, Chief Financial Officer

Accessing the Audio Recording

Investors and analysts can access the audio recording of the earnings call via the company’s official website. The recording covers the discussion on the unaudited standalone and consolidated financial results for Q1 FY27.

Contact Information

For queries regarding the earnings call or financial results, investors may contact:

• Advait Phatarfod at investor.relations@kalpataru.com
• Kanav Khanna at Kanav.khanna@in.ey.in

The disclosure letter was signed by Gajendra Mewara, Company Secretary & Compliance Officer, and dated August 04, 2026.

Kalpataru Limited reported a consolidated net loss of ₹2,904 crore for the quarter ended June 30, 2026 (Q1FY26), a significant improvement from the ₹5,184 crore loss recorded in the corresponding period of the previous financial year. The reduction in losses was primarily driven by a turnaround in the group’s share of profits from associates and joint ventures, which contributed ₹1,872 crore, compared to a ₹92 lakh loss in Q1FY25. Consolidated revenue from operations increased by 6.5% year-on-year to ₹4,722 crore, reflecting steady demand in its real estate portfolio despite persistent high finance costs.

The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 03, 2026, pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. KKC & Associates LLP, the statutory auditors, issued an unmodified conclusion on the financial statements after conducting a limited review in accordance with Standard on Review Engagements (SRE) 2410.

Financial Performance Overview

Consolidated revenue from operations stood at ₹4,722 crore in Q1FY26, up from ₹4,432 crore in Q1FY25. However, total expenses rose to ₹5,488 crore from ₹5,122 crore in the prior year period. Finance costs decreased significantly to ₹2,049 crore from ₹3,185 crore in Q1FY25, contributing to the improved bottom line. Other income increased to ₹2,284 crore from ₹1,358 crore in the same period last year.

In the standalone books, revenue from operations was ₹468.5 crore, slightly lower than the ₹4,743 crore reported in Q1FY25. Standalone other income contributed ₹392.7 crore, while finance costs remained high at ₹3,726 crore. The standalone entity reported a net loss of ₹75 lakh for the quarter, down from a ₹1,178 crore loss in Q1FY25. Standalone basic earnings per share (EPS) were negative ₹0.04, compared to negative ₹0.70 in the same quarter last year.

What the Numbers Show

A key analytical observation is the divergence between standalone and consolidated performance drivers. While the standalone entity continues to face pressure from high finance costs relative to its smaller revenue base, the consolidated results show a narrowing loss primarily due to improved profitability in subsidiaries and associates. The group’s share of net profit in associates and joint ventures was ₹1,872 crore in Q1FY26, a significant turnaround from the ₹92 lakh loss in Q1FY25. This suggests that the diversified portfolio of real estate and related ventures is beginning to stabilize, even as the parent company grapples with debt servicing costs.

Regulatory Disclosures and Other Matters

The company disclosed that it did not review the interim financial results of 15 subsidiaries, which reported total revenues of ₹2,385 crore and a net loss of ₹215 crore before consolidation adjustments. These results were reviewed by other auditors who issued unmodified conclusions. Additionally, the financial information of 11 subsidiaries and one associate was not reviewed by their auditors but was certified by management as not material to the group.

Regarding statutory changes, the company noted the impact of the Labour Codes notified by the Government of India on November 21, 2025. The incremental impact of ₹770 crore relating to gratuity and leave encashment was presented as an exceptional item in FY25-26 due to the revised definition of wages. The company continues to monitor further clarifications from the government regarding Central and State rules.

The utilization of net IPO proceeds was also disclosed, with ₹15,888.6 crore utilized out of ₹15,900 crore raised. The remaining balance of ₹11.4 crore is unutilized. The Board had previously approved the reallocation of up to ₹100 lakh from IPO issue expenses to general corporate purposes if required.