Kalpataru Limited , a prominent developer in the Mumbai Metropolitan Region (MMR), has announced robust financial results for the second quarter of fiscal year 2026, demonstrating resilience in a competitive real estate market.

Key Financial Highlights

• Pre-sales for Q2 FY26 increased by 19% year-on-year to ₹1,329 crore
• Collections grew by 37% year-on-year to ₹1,162 crore
• Average sales realization improved by 27% to ₹16,977 per sq. ft.

Operational Performance

The company's operational metrics for Q2 FY26 showcase a strong market position:

Financial Results

Kalpataru's consolidated financial performance for Q2 FY26 reflects the company's growth trajectory:

• Revenue from Operations: ₹794.00 crore, up 57% YoY
• Adjusted EBITDA: ₹190.00 crore, a 9% increase
• Profit After Tax (PAT): ₹5.00 crore

Strategic Developments

The company launched Kalpataru Estella, a significant phase of the Kalpataru Parkcity project in Thane. This launch, covering 12 acres with 8 towers, marks an expansion with the initial release of Towers A and B, offering 0.93 million sq. ft. of saleable area.

Balance Sheet Strengthening

Kalpataru has made progress in improving its financial position:

• Net debt reduced to ₹8,025.00 crore as of September 30, 2025
• Net debt-to-equity ratio improved to 2.0x from 3.8x as of March 31, 2025

Management Commentary

Parag Munot, Managing Director of Kalpataru Limited, stated, "We are pleased to share another quarter of solid performance, reflecting steady operational progress, strong sales momentum, and continued financial strengthening. Our focus on product quality, strategic locations, and premium offerings has driven significant improvements in average sales realization."

Future Outlook

The company maintains a positive outlook, focusing on:

• Deepening presence in core markets of MMR and Pune
• Capitalizing on housing demand driven by structural and demographic trends
• Executing a launch pipeline for the remainder of FY26

Conclusion

Kalpataru Limited's Q2 FY26 results demonstrate the company's ability to navigate market challenges while delivering growth. The combination of increased pre-sales, improved collections, and strategic project launches positions the company well in the competitive real estate sector.

Investors and stakeholders may watch closely as Kalpataru continues to execute its growth strategy and capitalize on the demand in its key markets.

Kalpataru Limited , a leading real estate developer in Mumbai Metropolitan Region (MMR), has announced its financial results for the second quarter of fiscal year 2026, showcasing revenue growth despite a decline in net profit.

Financial Performance

The company reported a consolidated net profit of Rs 5.00 crore for Q2 FY26, compared to Rs 28.00 crore in the same period last year. Despite the decrease in profit, Kalpataru Limited saw a significant increase in revenue from operations, which rose to Rs 794.00 crore from Rs 506.00 crore year-on-year, marking a 57% growth.

Here's a breakdown of the key financial metrics for Q2 FY26:

Operational Highlights

Kalpataru Limited demonstrated strong operational performance in Q2 FY26:

• Pre-sales value increased by 19% year-on-year to Rs 1,329.00 crore.
• Collections grew by 37% to Rs 1,162.00 crore compared to the same quarter last year.
• Average sale realization improved significantly, rising by 27% to Rs 16,977.00 per square foot.
• For H1FY26, pre-sales reached Rs 2,577.00 crore, marking a 43% YoY growth.
• Collections for H1FY26 stood at Rs 2,308.00 crore, representing a 37% YoY growth.

Strategic Developments

The company launched significant projects during the quarter:

• Introduced Kalpataru Estella, the largest phase at Kalpataru Parkcity to date.
• The initial launch of Towers A and B covers 0.93 million square feet of saleable area.
• Received occupation certificates for 0.96 msf area in Q2FY26.

Financial Position

Kalpataru Limited has made strides in strengthening its balance sheet:

• Net debt reduced to Rs 8,025.00 crore as of September 30, 2025.
• The net debt-to-equity ratio improved to 2.0x from 3.8x as of March 31, 2025.

Management Commentary

Mr. Parag Munot, Managing Director of Kalpataru Limited, commented on the results: "We are pleased to share another quarter of solid performance, a period that reflects steady operational progress, strong sales momentum, and continued financial strengthening. Our pre-sales for Q2 FY26 grew by 19% year-on-year to ₹1,329 crore, along with a 37% year-on-year increase in collections, driven by improved realizations and strong demand across our projects in key micro-markets."

He added, "Looking ahead, we remain focused on deepening our presence in core markets such as MMR and Pune, where we continue to see strong housing demand driven by structural and demographic trends. We have a healthy launch pipeline for the remainder of FY26, backed by a robust product mix and a strong brand presence that positions us well to capture growth opportunities."

Future Outlook

Kalpataru Limited appears well-positioned for future growth, with a focus on:

1. Expanding presence in core markets of MMR and Pune.
2. Capitalizing on strong housing demand driven by structural and demographic trends.
3. Executing a healthy launch pipeline for the remainder of FY26.
4. Leveraging its robust product mix and strong brand presence to capture growth opportunities.

The company maintains its guidance of Rs 7,000.00 crore pre-sales and Rs 5,700.00 crore collections for FY26, indicating confidence in its growth trajectory.

The company's strategic focus on premium offerings and key micro-markets, coupled with its improved financial metrics, suggests a positive outlook for the coming quarters, despite the challenges in the real estate sector.