Kalpataru Reports Strong Q1 Performance and IPO Proceeds Utilization
Kalpataru, a leading real estate developer in Mumbai, reported robust Q1 results with pre-sales up 83% to INR 1,249.00 crore and collections up 37% to INR 1,147.00 crore. Average realization increased 101% to INR 22,476.00 per square foot. The company's IPO raised INR 1,590.00 crore, with INR 1,192.50 crore used for debt repayment, improving the net debt to equity ratio to 2.0x. Kalpataru targets pre-sales of INR 7,000.00 crore for the fiscal year, a 55% growth over the previous year.
01Aug 25
Kalpataru Limited Seeks Shareholder Approval for ESOP Scheme and Major Related Party Transactions
Kalpataru Limited is seeking shareholder approval through postal ballot for its Employee Stock Option Scheme 2024 and three material related party transactions. The ESOS 2024 allows granting up to 54 lakh stock options to eligible employees. The related party transactions include a Rs 400 crore personal guarantee by the Managing Director, a Rs 1,734 crore corporate guarantee by a subsidiary for the company's loan facilities, and a Rs 615 crore corporate guarantee between subsidiaries. E-voting for these resolutions will be held from August 1 to August 30, 2025.
21Jul 25
Kalpataru Reports 41% Jump in Pre-Sales, Turns Profitable in FY25
Kalpataru, a Mumbai-based real estate developer, reported impressive financial results for FY25. Pre-sales increased by 41% to ₹4,531.00 crore. The company turned profitable with a net profit of ₹21.62 crore, compared to a loss of ₹94.98 crore in the previous year. Total income rose by 14.3% to ₹2,331.59 crore. Kalpataru launched 7 new projects, signed two society redevelopment agreements worth ₹2,100.00 crore, and reduced net debt by ₹673.00 crore. The company raised ₹1,590.00 crore through an IPO in June 2025, using ₹1,192.50 crore for debt repayment. Kalpataru has completed 77 projects to date and currently has 35 ongoing projects with a total developable area of 47.3 million square feet.
20Jul 25
Kalpataru Reports 41% Surge in Pre-Sales, Achieves Profitability
Kalpataru, a Mumbai-based real estate developer, reported a 41% increase in pre-sales to ₹4,531.00 crore. The company turned profitable with a net profit of ₹21.62 crore, compared to a loss of ₹94.98 crore in the previous period. Total income rose by 14.3% to ₹2,331.59 crore. Kalpataru launched 7 new projects, adding 6.5 million square feet to its portfolio, and signed agreements for two society redevelopment projects worth ₹2,100.00 crore. The company reduced its net debt by ₹673.00 crore to ₹9,310.00 crore, partly through an IPO that raised ₹1,590.00 crore.
Kalpataru Limited announced strong financial results for Q4 and FY25. Q4 pre-sales increased 79% YoY to ₹1,724.00 crore, with full-year pre-sales reaching ₹4,531.00 crore, up 41% YoY. Q4 saw a 30% increase in area sold and improved average sale realization. FY25 revenue from operations was ₹2,222.00 crore, with adjusted EBITDA of ₹664.00 crore. The company launched seven new projects in FY25, totaling 6.50 msf of saleable area. Net debt reduced to ₹9,310.00 crore, and the company raised ₹1,590.00 crore through an IPO in June 2025.
Kalpataru Limited's Q4 financial results show a 21.84% increase in consolidated revenue to ₹5.97 billion, but a 41.98% decrease in net profit to ₹141 million compared to the same quarter last year. The company's Board of Directors approved the audited financial statements, complying with SEBI regulations. Statutory auditors issued unmodified opinions on both standalone and consolidated financial results.