Kalpataru Ltd Reports Record Pre-Sales of ₹5,280 Crore in FY26
Kalpataru FY26 pre-sales up 17% to Rs 5,280 cr; Q4 net profit at Rs 194 cr
The Economic TimesImage: The Economic Times
Kalpataru Ltd, a real estate developer, achieved a 17% increase in pre-sales to ₹5,280 crore for the financial year 2025-26, driven by strong demand in the Mumbai Metropolitan Region. The company also reported a net profit of ₹194 crore for the fourth quarter, reflecting substantial growth in revenue and collections.
- 01Pre-sales for FY26 reached ₹5,280 crore, a 17% increase from the previous year.
- 02Fourth-quarter net profit was ₹194 crore, with revenue surging 184% year-on-year.
- 03Average sale realisation rose 20% to ₹16,719 per sq ft for the year.
- 04Net debt decreased significantly, improving the debt-to-equity ratio from 3.8x to 2.0x.
- 05The company recognized revenue from multiple projects, enhancing profitability in Q4.
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Kalpataru Ltd, a prominent realty developer based in India, reported its highest operational performance for the financial year 2025-26, with pre-sales increasing by 17% to ₹5,280 crore. This growth was attributed to robust collections and improved sale realisations in the Mumbai Metropolitan Region. In the fourth quarter alone, pre-sales rose 6% to ₹1,833 crore. The company’s collections for the entire year surged 34% to ₹4,960 crore, with quarterly collections in January-March jumping 41% to ₹1,487 crore. Average sale realisation during FY26 grew 20% to ₹16,719 per sq ft, while the fourth quarter saw a 6% increase to ₹15,969 per sq ft. Parag Munot, Managing Director of Kalpataru, highlighted the company's successful execution, sustained demand, and improved cash flows as key factors for this performance. The consolidated revenue from operations in Q4 skyrocketed 184% year-on-year to ₹1,694 crore, with an adjusted operating profit of ₹612 crore, marking a 208% increase. The company also improved its net debt-to-equity ratio to 2.0x, down from 3.8x a year earlier, reflecting effective capital management.
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Kalpataru's strong financial performance indicates a healthy real estate market, potentially benefiting homebuyers and investors in the Mumbai Metropolitan Region. Increased project completions may lead to more housing availability and improved cash flows.
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