Kalpat.
Kalpat. Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Kalpataru plans to launch approximately 9 million square feet of projects over FY 2027 and FY 2028, primarily in the MMR and Pune regions. Kalpataru expects considerably higher revenue and profitability in Q4 FY 2026 due to completion and recognition from several projects under the project completion method. - High-margin project completions of about 4.25 million sq.
From Kalpat.'s Q3 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Kalpataru plans to launch approximately 9 million square feet of projects over FY 2027 and FY 2028, primarily in the MMR and Pune regions.
- In FY 2026-27, the company aims to complete around 6 million square feet of ongoing high-margin projects, boosting revenue recognition and operating cash flows.
- Future sales are expected from a portfolio comprising 29 projects with a total saleable area of around 41 million sq ft and future inflows of about Rs. 52,000 crores, providing strong visibility for sustained growth.
- The company expects higher revenue and profitability in Q4 FY 2026 due to project completions and receipt of Occupation Certificates under the project completion method.
- Kalpataru is focusing on a balanced mix of new launches and sustenance sales to maintain consistent sales growth.
- Plans include increased launches in redevelopment, joint ventures, and joint development projects, supporting capital-light, high-margin growth models.
Profitability & Margins
See what Kalpat. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Kalpataru Limited's current focus is on execution and construction of ongoing projects, with land largely paid for, thus minimizing new land acquisition costs.
- They continue to evaluate high-potential redevelopment, joint ventures (JVs), and joint development agreements (JDAs) primarily in MMR and Pune, which are capital-light and high-margin models.
- For FY 2027 and FY 2028, around 9 million square feet of projects will be launched, driven mainly by organic development and selective strategic projects.
- The company is not aggressively increasing annuity business but may do one project in Thane.
- Business development spend for new projects in first nine months was Rs. 100-120 crores, indicating ongoing strategic investments in new projects.
- Overall, future capital allocation is focused on project execution, redevelopment, and joint developments, with limited new land acquisition or heavy capex.
Top-ranked in Realty
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Kalpat. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Kalpataru Limited's portfolio includes 29 projects with a total saleable area of around 41 million sq. ft.
- Of these, 20 are ongoing projects with approx. 23 million sq. ft. saleable area.
- About 10.3 million sq. ft. of this ongoing area has already been sold.
- The ongoing projects represent a gross development value (GDV) of nearly Rs. 34,600 crores.
- Future inflows expected from these ongoing projects are approximately Rs. 26,800 crores (includes collections from sold and expected from unsold inventory).
- Completed projects and forthcoming launches add approximately Rs. 25,000 crores to future inflows.
- Total future inflows across the portfolio sum to about Rs. 52,000 crores.
- New launches planned include about 9 million sq. ft. of projects in FY 2027 and FY 2028.
- Majority of future launches are in the Mumbai Metropolitan Region (MMR) and Pune.
Kalpat. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹194 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Kalpat.'s management said in earlier quarters
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Frequently Asked Questions
What were Kalpat. Q3 FY26 results?
Kalpataru plans to launch approximately 9 million square feet of projects over FY 2027 and FY 2028, primarily in the MMR and Pune regions. Kalpataru expects considerably higher revenue and profitability in Q4 FY 2026 due to completion and recognition from several projects under the project completion method. - High-margin project completions of about 4.25 million sq.
What is Kalpat. share price analysis?
Kalpat. currently shows a neutral. The stock trades at a P/E of 47.5 with a market cap of ₹5,837 Cr. Investors should review the full earnings analysis for detailed insights.
Is Kalpat. planning capital expenditure?
Kalpataru Limited's current focus is on execution and construction of ongoing projects, with land largely paid for, thus minimizing new land acquisition costs. - They continue to evaluate high-potential redevelopment, joint ventures (JVs), and joint development agreements (JDAs) primarily in MMR and Pune, which are capital-light and high-margin models. - For FY 2027 and FY 2028, around 9 million square feet of projects will be launched, driven mainly by organic development and selective strategic projects. - The company is not aggressively increasing annuity business but may do one project in Thane. - Business development spend for new projects in first nine months was Rs.
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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.