| Metric | Value (₹ Cr) | Q1 FY27 | Q2 FY26 |
|---|---|---|---|
| Revenue | 437.17 | 7.4% | 44.9% |
| Total Income | 479.37 | 3.2% | 41.2% |
| Expenditure | 564.41 | 2.8% | 30.3% |
| PBT | -85.04 | 58.2% | 1651.8% |
| Net Profit | -70.67 | 143.3% | 1524.8% |
| OPM | -23.57% | 13.86pp | 24.41pp |
| NPM | -14.74% | 8.87pp | 15.35pp |
| EPS | -3.14 | 343.4% | 1307.7% |
Real-estate core revenue fell 44.9% YoY and the company swung from a small profit to a sharp net loss (-₹70.67 Cr), a clear deterioration rather than a one-off-driven miss.
Kalpataru Ltd: Steady Q2 & H1 FY27 Performance
29 Oct 2026 · 29 Oct, 8:12 pm
Summary
Kalpataru Limited reported a steady performance for Q2 and H1 FY27, driven by its brand strength and execution capabilities. While Q2 FY27 pre-sales were slightly down YoY, collections remained flat, and area sold increased by 7%. H1 FY27 showed flat pre-sales but a significant 9% YoY growth in collections and a 24% YoY increase in area sold. The company launched a new premium residential project and continues to focus on disciplined growth and customer value.
Key Highlights
- 1
For Q2 FY27, pre-sales stood at ₹1,258 crore, while collections were ₹1,189 crore.
- 2
H1 FY27 collections saw a healthy 9% year-on-year growth, reaching ₹2,554 crore.
- 3
In H1 FY27, the company sold an area of 1.66 msf, marking a 24% year-on-year increase.
- 4
During Q2 FY27, revenues from operations were ₹437 crore, with adjusted EBITDA at ₹73 crore and an adjusted EBITDA margin of 16.6%.
- 5
For H1 FY27, revenues from operations reached ₹909 crore, and adjusted EBITDA was ₹167 crore with an adjusted EBITDA margin of 18.4%.
- 6
The company completed over 2,200 units totaling approximately 2.37 msf in H1 FY27.
- 7
A new premium residential project, Kalpataru Elaara, was launched in Goregaon West, Mumbai during the quarter.
Management Comments
Parag Munot
We delivered a resilient performance during Q2 and H1 FY27, reflecting the strength of our brand, execution capabilities, and continued demand across our key markets. During Q2 FY27, we achieved pre-sales of ₹1,258 crore and collections of ₹1,189 crore, while H1 FY27 pre-sales stood at ₹2,587 crore and collections reached ₹2,554 crore, representing a healthy 9% year-on-year growth in collections. We have completed more than 2,200 units totalling to ~2.37 msf in H1 FY27. This performance underscores our focus on disciplined execution, customer engagement, and cash flow generation.
Parag Munot
As we move forward, we remain focused on expanding our portfolio in high-potential markets, enhancing operational efficiencies, and delivering superior value to our customers and stakeholders. We are confident that our disciplined growth strategy, strong project pipeline, and customer-centric approach will continue to support sustainable long-term growth.
Parag Munot
At Kalpataru, we have always believed that the homebuying journey should be as seamless and transparent as possible. Our early adoption of the Model SRO framework reflects our commitment to supporting progressive government initiatives that place the customer at the centre. By leveraging technology and improving the property registration process, this initiative makes the experience faster, more efficient and hassle-free for homebuyers. We believe such reforms are an important step towards enhancing ease of doing business, strengthening consumer confidence and setting new benchmarks for customer experience in the real estate sector.
Informational and educational content only. Not investment advice.