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Kalpataru Sales Dip 5% Amidst Mumbai Project Launch
9 Oct
Summary
- Kalpataru's Q2 FY27 pre-sales fell 5% to ₹1,258 crore.
- First-half collections increased 9% to ₹2,554 crore.
- A new premium residential project, Kalpataru Elaara, launched in Mumbai.
Kalpataru Ltd reported a 5% decline in pre-sales for the second quarter of fiscal year 2027, with figures falling to ₹1,258 crore from ₹1,329 crore in the same period last year. Collections for the quarter were ₹1,189 crore, a slight increase from ₹1,182 crore in Q2 FY26.
For the first half of FY27, the real estate developer's pre-sales reached ₹2,587 crore, showing marginal growth compared to ₹2,577 crore in the prior year. Collections saw a significant 9% rise, amounting to ₹2,554 crore, up from ₹2,348 crore in H1 FY26.
During the September quarter, Kalpataru introduced its premium residential offering, Kalpataru Elaara, located in Goregaon West, Mumbai. This development features two-, three-, and four-bedroom residences complemented by over 25 lifestyle amenities.
Earlier in the fiscal year, Kalpataru reported a consolidated net loss of ₹26.5 crore for Q1 FY27. Revenue from operations increased by 6.5% to ₹472.2 crore year-on-year. The company also launched several luxury projects and signed a redevelopment project in Kandivali (East).
