Kalpataru Limited — Investor Meet, 13-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kalpataru Ltd. delivered strong H1 FY26 pre-sales of ₹2,577 Cr (+43% YoY) and collections of ₹2,308 Cr (+37% YoY). Q2 profit hit ₹5 Cr from a Q1 loss. Net debt significantly reduced to ₹8,025 Cr (from ₹9,310 Cr FY25-end), bringing net debt-to-equity to 2.0x. Management is confident of ₹7,000 Cr pre-sales and ₹5,700 Cr collections for FY26, targeting 1x net debt-to-equity by FY28. Key launches include Kalpataru Estella (Thane) and a new tower in Mira Road. Worli's luxury project is performing exceptionally well. With a robust pipeline and de-leveraging focus, the outlook is positive.