Kalpataru Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 9 Jul 2026 | Realty | Market Cap: ₹5.9K Cr
Kalpataru Limited expects sustained growth driven by a robust pipeline of new launches totaling 5 million square feet with a GDV of INR 7,800 crores in FY'27. - The company targets about 20%-25% sales at launch for new projects, expecting INR 1,800-2,000 crores contribution from launches in the current year. - Pre-sales showed a 17% YoY growth in FY26, and collections grew 34%, indicating strong demand momentum. - There is a plan to monetize the existing unsold inventory of around INR 22,000 crores plus new launches, totaling approximately INR 30,000 crores, over a 4 to 6-year period. - Continuation of strong sales velocity across flagship projects like Kalpataru One in Worli is expected. - Cash flows visibility with ~5.5 million sq. Kalpataru reported a strong operational performance in FY26 with revenue growth of 54% and EBITDA margin at 30%, indicating robust profitability.
From Kalpataru Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹283
Market Cap
₹5.9K Cr
P/E Ratio
48.1
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Kalpataru Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹194 Cr.
Full financials →📊 Revenue & Sales Performance
- →Kalpataru Limited expects sustained growth driven by a robust pipeline of new launches totaling 5 million square feet with a GDV of INR 7,800 crores in FY'27.
- →The company targets about 20%-25% sales at launch for new projects, expecting INR 1,800-2,000 crores contribution from launches in the current year.
- →Pre-sales showed a 17% YoY growth in FY26, and collections grew 34%, indicating strong demand momentum.
- →There is a plan to monetize the existing unsold inventory of around INR 22,000 crores plus new launches, totaling approximately INR 30,000 crores, over a 4 to 6-year period.
- →Continuation of strong sales velocity across flagship projects like Kalpataru One in Worli is expected.
- →Cash flows visibility with ~5.5 million sq. ft. upcoming completions supports revenue growth and balance sheet strengthening.
- →Overall, Kalpataru anticipates an ongoing growth story, with formal FY'27 guidance to be shared subsequently.
📈 Profitability & Margins
- →Kalpataru reported a strong operational performance in FY26 with revenue growth of 54% and EBITDA margin at 30%, indicating robust profitability.
- →The company expects sustained high-margin revenue backlog driven by ongoing and new projects reaching handover stages.
- →For FY27, a robust pipeline with new launches worth INR 7,800 crores and 5.5 million sq.ft of project completions provide clear visibility into cash flows and profit recognition.
- →Operating cash flow (OCF) improved, with FY26 OCF at INR 1,500 crores (100% basis), reflecting strong cash generation capacity.
- →Management expects continued growth in sales, collections, and earnings but will provide formal guidance post-market and macroeconomic assessment.
- →Margin guidance for new launches is around 20%-25%, with cash flow margin approximately 25%-30%.
- →Debt optimization via refinancing contributes to interest savings and improved profitability.
- →Overall, the company is confident in achieving its financial goals and expects a growth story across earnings and cash flows going forward.
🏗️ Capital Expenditure Plans
- →In FY’26, Kalpataru spent around INR 280 crores on business development for newly acquired projects.
- →The company plans investments in new projects/business development (BD) in FY’27 as part of their strategy.
- →Kalpataru has a robust pipeline of new launches and aims to sustain pre-sales growth.
- →For FY’27, there will be some capital invested into new BD yet the net debt level is expected to stay stable or marginally reduce from INR 8,100 crores as of March 2026.
- →They have ongoing construction capex; full-year construction spend for FY’26 was INR 1,916 crores (100% level).
- →Land payments for forthcoming projects worth INR 28,000 crores have already been made; no pending land payments.
- →The company maintains a disciplined approach to business development, targeting projects aligned with internal return thresholds.
💰 Fundraising & Capital Structure
- →Kalpataru Limited has been actively refinancing existing debt to optimize borrowing costs, having refinanced approximately INR 3,500 crores, resulting in a 120 basis points drop in blended cost of debt and annual savings of around INR 125 crores.
- →The company plans to refinance an additional INR 1,300 crores in the coming quarter as part of its ongoing debt optimization strategy.
- →For FY’27, Kalpataru intends to maintain or marginally reduce its net debt level from the current INR 8,100 crores and aims to keep the debt-to-equity ratio below 2x.
- →While new business developments will see some investment, the company does not plan for a significant rise in net debt.
- →No specific mention was made regarding raising equity capital in this call or document.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Kalpataru Ltd Q4 FY26 results?
Kalpataru Limited expects sustained growth driven by a robust pipeline of new launches totaling 5 million square feet with a GDV of INR 7,800 crores in FY'27. - The company targets about 20%-25% sales at launch for new projects, expecting INR 1,800-2,000 crores contribution from launches in the current year. - Pre-sales showed a 17% YoY growth in FY26, and collections grew 34%, indicating strong demand momentum. - There is a plan to monetize the existing unsold inventory of around INR 22,000 crores plus new launches, totaling approximately INR 30,000 crores, over a 4 to 6-year period. - Continuation of strong sales velocity across flagship projects like Kalpataru One in Worli is expected. - Cash flows visibility with ~5.5 million sq. Kalpataru reported a strong operational performance in FY26 with revenue growth of 54% and EBITDA margin at 30%, indicating robust profitability.
What is Kalpataru Ltd share price analysis?
Kalpataru Ltd currently shows a neutral. The stock trades at a P/E of 48.1 with a market cap of ₹5,907 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kalpataru Ltd planning capital expenditure?
In FY’26, Kalpataru spent around INR 280 crores on business development for newly acquired projects.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.