Kalpataru Limited — PPTs, 13-08-2025: Investor Presentation

Here's a summary of Kalpataru Limited's Q1 FY26 results:

**1. Financial Highlights:**

Kalpataru reported Q1 FY26 consolidated revenue of ₹443 Cr with an EBITDA loss of ₹24 Cr. Adjusted EBITDA was ₹104 Cr (23.4% margin). Pre-sales surged 83% YoY to ₹1,249 Cr, and collections grew 37% YoY to ₹1,147 Cr. Net debt significantly reduced to ₹7,939 Cr (Net Debt/Equity 2.0x) after a ₹1,590 Cr IPO. FY26 guidance projects strong ~₹7,000 Cr pre-sales and ~₹5,700 Cr collections.

**2. Strategic Initiatives & Growth Drivers:**

Q1 FY26 included one new phase launch (~0.08 msf). A robust pipeline of 3.16 msf in planned launches for FY26 across six projects/phases signals strong future expansion.

**3. Business Developments:**

Occupation Certificates were received for ~1.17 msf. The annuity portfolio generated ~₹55 Cr in gross rental income. IPO proceeds were primarily used for debt reduction.

**4. Market Position & Competitive Advantage:**

The company remains a top 5 developer in Mumbai (MMR/Pune focus) with extensive completed (~19.3 msf) and planned (~46.4 msf) residential projects. Its ongoing portfolio includes 66% of units priced ₹1-3 Cr.

**5. Investor Implications:**

Strong operational growth in pre-sales/collections and significant debt reduction indicate positive momentum and improved financial health. The project pipeline supports future growth potential, though Q1 reported profitability was impacted by revenue recognition methods.