Kalpataru Limited — Investor Meet, 10-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kalpataru reported Q3 FY26 pre-sales fell 14% YoY to Rs. 870 Cr, but collections rose 17% to Rs. 1,100 Cr. 9M pre-sales grew 23% to Rs. 3,447 Cr. Q3 saw a loss of Rs. 67 Cr, with net debt at Rs. 8,269 Cr (Dec 2025). Regulatory delays caused Q3 launch slowdowns, revising FY26 pre-sales and debt guidance (~Rs. 8,000 Cr). Management is focused on capital-light JV/JD projects for future growth (9M sq ft planned FY27-28) and optimizing debt, already refinancing Rs. 2,700 Cr. A major delivery cycle is in progress, maintaining strong operational liquidity and a confident outlook.