Kalpataru reports record FY2025-26 pre-sales and collections

Kalpataru Limited has reported its strongest operational performance for FY2025-26, supported by record pre-sales, higher collections and improved sales realizations across key projects in the Mumbai Metropolitan Region (MMR).

The company recorded its highest-ever annual pre-sales of Rs 5,280 crore during FY2025-26, registering a 17% increase from Rs 4,531 crore in the previous fiscal year. Collections rose 34% year-on-year to Rs 4,960 crore, compared to Rs 3,710 crore in FY2024-25.

Average sales realization increased 20% to Rs 16,719 per square foot, reflecting sustained demand and a favourable product mix.

In the fourth quarter of FY2025-26, Kalpataru achieved quarterly pre-sales of Rs 1,833 crore, up 6% year-on-year. Collections during the quarter stood at Rs 1,487 crore, marking a 41% increase over the corresponding period last year.

Parag Munot, Managing Director of Kalpataru Limited, said FY2025-26 marked a transformational year for the company, supported by its public listing, operational execution and disciplined capital allocation strategy.

The company follows the Project Completion Method (PCM) for revenue recognition in projects launched after April 2022. Under this method, revenue and profitability are recognised upon receipt of the Occupation Certificate (OC).

Kalpataru said the receipt of occupation certificates for multiple projects during the fourth quarter significantly influenced the quarterly financial performance.

On a consolidated basis, revenue from operations for FY2025-26 increased 55% year-on-year to Rs 3,436 crore. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 50% to Rs 1,022 crore, while adjusted EBITDA margin stood at 29.8%. Profit after tax for the full financial year stood at Rs 80 crore.

For the fourth quarter, consolidated revenue from operations rose 184% year-on-year to Rs 1,694 crore. Adjusted EBITDA increased 208% to Rs 612 crore, while profit after tax reached Rs 194 crore.

The company also reported an improvement in its balance sheet position through debt reduction initiatives. Net debt as of March 31, 2026, stood at Rs 8,106 crore, while the net debt-to-equity ratio improved to 2.0x from 3.8x a year earlier.