Kalpataru’s shares slipped 0.13% to ₹261.00 on the BSE after the company released its Q2 FY27 figures, revealing pre‑sales of ₹1,258 crore, down 5% from ₹1,329 crore a year earlier.
The company also posted first‑half collections of ₹2,554 crore, a 9% YoY increase over ₹2,348 crore in H1 FY26. Pre‑sales for the half‑year edged up marginally to ₹2,587 crore from ₹2,577 crore last year, underscoring steady, though modest, demand.
Management cautioned that the operational numbers are provisional and subject to a limited review, citing the need for further verification before finalization. Net debt stood at ₹8,229 crore as of June 30, 2026, keeping the debt‑to‑equity ratio at roughly 2.0x.
In a side note, Kalpataru inked a ₹1,400 crore redevelopment agreement in Mumbai’s Andheri West, a project that could add significant revenue upside in the next fiscal cycle. The premium residential launch, Kalpataru Elaara, is positioned near key metro stations and amenities, potentially boosting future pre‑sales.
Looking ahead, the firm has not yet issued formal guidance for FY28, but the announced redevelopment and a 9% rise in H1 collections suggest a cautious optimism. Investors will watch closely for the Q3 filing and any updates on the provisional figures.