Kalpataru posts 17% jump in collections, launches luxury Mumbai project in Q1 FY27
AI Summary
Kalpataru Limited reported a 17% year-on-year increase in collections for Q1 FY 2026-27, totaling ₹1,365 crore, while pre-sales grew 6% to ₹1,329 crore. Despite these positive operational results, the company's stock fell by 1.13% on Monday and has underperformed the market significantly, down nearly 32% over the past year. The company continues to expand its portfolio with new luxury residential projects in Mumbai.
Kalpataru Limited on Monday reported a 17 per cent year-on-year rise in collections to ₹1,365 crore for the first quarter of FY 2026-27, while pre-sales grew a more modest 6 per cent to ₹1,329 crore compared to ₹1,249 crore in the same period last year. The figures are provisional and subject to limited review.
The Mumbai-based real estate developer disclosed the numbers in a regulatory filing to the National Stock Exchange and BSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing was signed by Company Secretary and Compliance Officer Gajendra Mewara.
On the project front, the company launched Kalpataru Vian, Hrushikesh, Lokhandwala — a luxury residential development in Andheri West, Mumbai.
The project offers 3, 4, and 4.5-bedroom residences with views of Mumbai’s mangroves across a private 4-acre enclave, and includes over 30 lifestyle amenities.
The company also launched Tower C of Estella at Kalpataru Parkcity in Thane, adding to its ongoing township development there.
Despite the operational performance, Kalpataru’s stock came under pressure on Monday. Shares of the company closed at ₹284.80 on the NSE, down 1.13 per cent from the previous close of ₹288.05, with the stock touching an intraday high of ₹300.40 and a low of ₹283.00.
The scrip has significantly underperformed the broader market, declining nearly 32 per cent over the past year against a 3.73 per cent fall in the Nifty 50 over the same period. Year-to-date, the stock is down roughly 18 per cent.
The company’s total market capitalisation stands at approximately ₹5,864 crore. The stock trades at a trailing price-to-earnings multiple of 71.27, which NSE flags as exceeding 50 for four consecutive trailing quarters.
Original Article
Published on Hindu BusinessLine