Kalpataru Limitedpre-sales ₹1,258 Cr, FY27 guide of ₹6,500 Cr held

Kalpataru's Q2 FY27 call, held on 30 October 2026, reported pre-sales of ₹1,258 crore, down 5%, and ₹2,587 crore for the half year, flat on the year, with collections of ₹1,189 crore.

Revenue from operations was ₹437 crore with adjusted EBITDA of ₹73 crore at a 16.6% margin, and the company reported a loss of ₹71 crore because it books revenue and profit only when projects complete. Occupation certificates came for 1.58 million square feet in the quarter, and 2.37 million square feet was delivered in the half against a 5.5 million target for the year. Pre-sales at Kalpataru Park City in Thane rose 130% to about ₹420 crore, and Kalpataru Elaara in Goregaon West sold 30% after a mid-September launch.

Gross debt was ₹9,179 crore, net debt ₹8,323 crore and net debt to equity 2.1 times. Management kept its ₹6,500 crore FY27 pre-sales guide, saying about 40% was done in the half and 60% typically comes in the second half, supported by launches in Pune, Chembur and Nagpur. Net debt is expected to be flat by year end.