Kalpataru Ltd shares traded 0.39 per cent lower at ₹369.70 on Tuesday afternoon, despite the company reporting a 19 per cent year-on-year increase in pre-sales to ₹1,329 crore for the September quarter. The stock opened at ₹361.50 against the previous close of ₹371.15 and touched an intraday high of ₹372.95.
The Mumbai-based real estate developer reported revenue from operations of ₹794 crore in Q2 FY26, up 57 per cent year-on-year, while collections surged 37 per cent to ₹1,162 crore. However, profit after tax stood at just ₹5 crore for the quarter. For the first half of FY26, pre-sales grew 43 per cent to ₹2,577 crore, though the company reported a loss of ₹47 crore.
Managing Director Parag Munot highlighted the company’s improved average realization of ₹16,977 per square foot, up 27 per cent year-on-year, reflecting strong demand for premium properties. The company’s net debt declined to ₹8,025 crore as of September 30, improving the debt-to-equity ratio to 2.0x from 3.8x in March 2025, following a ₹1,590 crore IPO earlier this year.
The company maintains its FY26 guidance of ₹7,000 crore in pre-sales and ₹5,700 crore in collections. During the quarter, Kalpataru launched Estella at Kalpataru Parkcity in Thane, its largest project phase spanning 12 acres with eight towers.
Published on November 11, 2025
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