Kalpataru Limited, a prominent real estate developer in India, experienced a remarkable 14.27-fold increase in net profit for the fourth quarter of FY26, reaching ₹200.47 crore. This growth was supported by a substantial 183.76% rise in revenue from operations, totaling ₹1,693.73 crore. The company follows a project completion method for revenue recognition, which allows it to report earnings only after obtaining occupation certificates (OCs). In Q4 FY26, Kalpataru received OCs for six towers and one phase of its projects, contributing to a total area of approximately 1.37 million square feet. Additionally, the company achieved record pre-sales of ₹1,833 crore, marking a 6% increase year-on-year. Its adjusted EBITDA also saw a significant rise of 209.09% YoY, reaching ₹612 crore, with an improved EBITDA margin of 14.4% compared to 7.8% in Q4 FY25. For the entire fiscal year, Kalpataru's revenue grew 54.64% YoY to ₹3,435.62 crore, with a profit increase of 4.33 times to ₹93.71 crore. The company's focus on disciplined capital allocation and debt reduction has strengthened its balance sheet, with net debt decreasing to ₹8,106 crore and a net debt-equity ratio of 2.0x as of March 31, 2026.