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Kalpataru Ltd reported a lower consolidated net loss of INR 26.52 crore for the first quarter of FY27, compared with a loss of INR 49.42 crore in the corresponding period last year. The company's total income increased to INR 495.04 crore during the April–June quarter, reflecting improved operational performance. As of the end of June, Kalpataru's net debt stood at INR 8,229 crore. The Mumbai-based real estate developer has completed 85 projects spanning more than 24.5 million sq ft and is currently executing or planning 30 developments across key markets including Mumbai, Thane, Panvel, Lonavala, Pune, Nagpur, Noida and Hyderabad, highlighting its continued presence across major residential markets.
Kalpataru Ltd reported a consolidated net loss of INR 26.52 crore for the quarter ended June in the past week, improving from a net loss of INR 49.42 crore recorded during the corresponding quarter of the previous financial year. The real estate developer also posted higher total income for the April–June period, according to a regulatory filing.
The company's total income rose to INR 495.04 crore during the first quarter of FY27 from INR 456.78 crore reported in the same period a year earlier. The improvement in revenue came alongside a reduction in quarterly losses, indicating stronger operational performance during the reporting period.
Kalpataru disclosed that its net debt stood at INR 8,229 crore as of 30 June 2026. The debt position reflects the capital-intensive nature of the real estate business, where developers continue to invest in land acquisition, project execution and construction across multiple markets while managing ongoing funding requirements.
The company has built a substantial development portfolio over the years. It has completed 85 projects with a combined development area exceeding 24.5 million sq ft. These projects form part of its residential and mixed-use developments across several urban centres.
In addition to its completed portfolio, Kalpataru currently has 30 ongoing and forthcoming projects with a cumulative development potential of more than 42.5 million sq ft. These developments are spread across Mumbai, Thane, Panvel, Lonavala, Pune, Nagpur, Noida and Hyderabad, reflecting the company's presence in established metropolitan markets as well as emerging residential locations.
The latest financial results come as listed real estate developers continue to focus on project execution, sales growth and balance-sheet management amid sustained housing demand in several key cities. Companies across the sector have also been monitoring borrowing levels while advancing existing developments and launching new projects in response to market demand.
Kalpataru's first-quarter performance showed a year-on-year reduction in losses alongside higher income, while its development pipeline remained sizeable across multiple cities. The company's operational update indicates continued construction activity and project expansion, supported by an extensive portfolio of completed developments and a significant pipeline of ongoing and planned projects.
Source - PTI
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