Kalpataru Limited reported pre-sales of ₹1,258 crore for the quarter ended September 30, 2026, marking a 5% decline from ₹1,329 crore in the corresponding period last year. Collections stood at ₹1,189 crore, remaining largely unchanged from ₹1,182 crore in Q2FY26.

The real estate developer disclosed these key operational updates in a filing with stock exchanges on October 9, 2026. The figures are provisional and subject to limited review.

Half-year performance

For the first half of FY27 (H1FY27), the company clocked total pre-sales of ₹2,587 crore, a marginal increase from ₹2,577 crore in H1FY26. Collections for the half-year rose 9% YoY to ₹2,554 crore, up from ₹2,348 crore in the previous year's comparable period.

New project launch

During the second quarter, Kalpataru launched its premium residential project, Kalpataru Elaara, in Goregaon West, Mumbai. The development offers 2, 3, and 4 bedroom residences and features over 25 lifestyle amenities. The project is located on MG Road off Link Road, near Bangur Nagar Metro Station, and is close to various educational, entertainment, and health infrastructure facilities.

What the numbers show

While quarterly pre-sales contracted by 5%, the half-year collections grew by 9%, indicating improved cash conversion efficiency compared to the prior year. The stability in quarterly collections despite lower sales bookings suggests that revenue recognition from existing inventory or faster payment cycles may have offset the slight dip in new bookings.

Kalpataru Limited subsidiary Ananta Landmarks Private Limited (ALPL) has received a show cause notice from the GST Department demanding ₹14 crore in tax, interest, and penalty for FY23.

The notice, dated September 24, 2026, was issued by the Deputy Commissioner of State Tax. It pertains to payments made to municipal corporations on a reverse charge basis and the disallowance of input tax credit during the fiscal year.

Regulatory Disclosure Details

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kalpataru informed the stock exchanges that ALPL is a wholly owned subsidiary. The company received information about the notice on September 24, 2026, at 7:04 pm.

Key Financial Implications

Kalpataru stated that ALPL is advised the notice is devoid of merits and will contest the demand. The parent company emphasized that this show cause notice does not have any material financial impact on its operations.

What the Numbers Show

The demanded amount of ₹14,00,00,892 represents a specific liability claim for FY23 rather than a current operational shortfall. Since Kalpataru explicitly categorizes the impact as immaterial, the figure serves as a contingent liability disclosure rather than an immediate earnings hit. The focus remains on the legal contestation of the reverse charge mechanism application and input tax credit eligibility for the prior fiscal year.