Kalpataru Ltd. · NSE:KALPATARU
Kalpataru — Q2 & H1 FY26 Earnings Presentation
30 slides from Kalpataru's earnings presentation, Nov 10, 2025
Slide 1: Exchange intimation letter under Regulation 30
November 10, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Listing Operation Department, Bandra Kurla Complex, Bandra (E), 20th Floor, P.J. Towers, Dalal Street, Mumbai - 400 051 Mumbai – 400 001 Maharashtra, India Maharashtra, India NSE Code: KALPA
Slide 2: Results Presentation Q2 & H1 FY26
Kalpataru limited RESULTS PRESENTATION Q2 & H1 FY26
Slide 3: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), have been prepared by Kalpataru Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the ba
Slide 4: Group & Company Overview
01 GROUP & COMPANY OVERVIEW Primera at Kalpataru Parkcity, Thane
Slide 5: Kalpataru Group - At a Glance
KALPATARU GROUP - AT A GLANCE 56 31,000+ 75 YEARS OF LEGACY EMPLOYEES COUNTRIES Power Transmission and Civil Infrastructure Warehousing Real Estate Facility Management Distribution, Oil & Gas, Projects Railways EPC KALPATARU LIMITED Listed on NSE & BSE Listed on NSE & BSE Unlisted 4 Note: As of 30th
Slide 6: Unique Value Proposition
UNIQUE VALUE PROPOSITION Amongst the Top 5 Developers in India’s largest real estate market 1 Mumbai, with a focus on MMR & Pune, with 56+ years of legacy 81 Completed Projects (~20.8 msf) 31 Ongoing, Forthcoming & Planned Projects, with a developable area of ~43.7 msf Strong Residential Projects Pi
Slide 7: Kalpataru Limited - Company Overview
KALPATARU LIMITED - COMPANY OVERVIEW ~20.8 MSF ~26.3 MSF ~10.7 MSF ~6.6 MSF 81 COMPLETED PROJECTS 22 ONGOING PROJECTS 4 FORTHCOMING PROJECTS 5 PLANNED PROJECTS AMONG THE TOP 5 95% ~75% ~77% DEVELOPERS IN MCGM 2 RESIDENTIAL PORTFOLIO OWNED PORTFOLIO 3 MMR PORTFOLIO 3 31 Ongoing, Forthcoming & Planned
Slide 8: Ongoing Projects Overview
ongoing projects overview Ongoing Portfolio comprises of 22 Projects totalling ~26.3 msf spread across all seven micro-markets of MMR; Pune & Hyderabad Geographic Portfolio Segmentation by Unit Portfolio Segmentation by Diversification (msf) Selling Price * Development Model Above 10 Cr, 7% Others,
Slide 9: Operational Updates
02 OPERATIONAL UPDATES Amoda Reserve, Lonavala
Slide 10: Operational Highlights: Q2 & H1 FY26
Operational Highlights: Q2 & H1 FY26 Q2 FY26 H1 FY26 INR 1,329 cr INR 2,577 cr Pre Sales 19% YoY Pre Sales 43% YoY INR 1,162 cr INR 2,308 cr Sales Collections 37% YoY Sales Collections 37% YoY 0.78 msf INR 16,977 1.34 msf INR 19,260 Area Sold Average Realization psf. Area Sold Average Realization ps
Slide 11: Operational Highlights: Q2 & H1 FY26
Operational highlights: Q2 & H1 FY26 • Recorded Pre Sales of INR 1,329 cr in Q2 FY26 (YoY increase of 19%) and INR 2,577 cr in H1 FY26 (YoY increase of 43%) Pre Sales & Collections • Strong Collections stood at INR 1,162 cr in Q2 FY26 & INR 2,308 cr in H1 FY26 (both Q2 & H1 FY26 YoY increase of 37%)
Slide 12: Operational Numbers: Strong Growth in Q2 FY26 & H1 FY26
Operational NUMBERs: Strong growth IN Q2 FY26 & H1 FY26 Pre Sales (INR cr) Area Sold (msf) 2,577 1.44 1.34 1,799 0.83 0.78 1,329 1,117 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Sales Collection (INR cr) Average Realization (INR per Sq.ft.) 19,260 1,162 2,308 16,977 849 1,687 13,404 12,
Slide 13: Operational Numbers: Annual Trends
Operational NUMBERs: ANNUAL Trends Pre Sales (INR cr) Area Sold (msf) 4,531 3.26 2.69 2.83 2,957 3,202 2.20 2,114 2,577 1.34 FY22 FY23 FY24 FY25 H1 FY26 FY22 FY23 FY24 FY25 H1 FY26 Sales Collection (INR cr) Average Realization (INR per Sq.ft.) 3,659 19,260 2,686 2,308 13,905 2,207 9,610 10,994 11,33
Slide 14: Financial Performance
03 FINANCIAL PERFORMANCE Kalpataru Elitus, Mulund
Slide 15: Consolidated Profit and Loss Snapshot - Q2 & H1 FY26
CONSOLIDATED Profit and loss snapshot- Q2 & H1 FY26 Particulars (INR cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 Revenue from Operations 794 506 1,237 1,037 EBITDA 13 43 (11) 49 EBITDA Margin (%) 1.7% 8.4% -0.9% 4.8% Adjusted EBITDA 190 174 293 313 Adjusted EBITDA Margin (%) 23.9% 34.4% 23.7% 30.2% PAT 5 28
Slide 16: Financial Trends - Annual
FINANCIAL TRENDS - Annual Revenue from Operations and Adjusted EBITDA have grown at strong CAGR of 31% & 55% respectively between FY22 - FY25, demonstrating strong business momentum Revenue from Operations (INR cr) Adjusted EBITDA (INR cr) & Adjusted EBITDA Margin (%) 2,5 00 60 .0% 3,611 54.0% 50 .0
Slide 17: Debt Movement
DEBT MOVEMENT INR cr unless otherwise 31st Mar-24 31st Mar-25 30th Sep-25 stated Gross Debt 10,688 10,172 8,928 Less: Cash & Cash Equivalent 705 862 903 Net Debt 9,983 9,310 8,025 Equity 992 2,456 3,950 Net Debt to Equity 10.1x 3.8x 2.0x 12 .0 9,983 10.1 10 ,000 9,310 10 .0 8,025 8,0 00 8.0 6,0 00 3
Slide 18: Rating Update
RATING UPDATE Credit Ratings have been received from CRISIL and ICRA during Q2 FY26 Relationship with Amount of Facility Rated Entity Name Type of Facility Rating Company (INR Cr) Rating Agency - CRISIL Kalpataru Limited Self Long Term Fund Based 1,126.34 BBB+ (Stable) Kalpataru Properties Private L
Slide 19: Portfolio Update
04 PORTFOLIO UPDATE Kalpataru Oceana at Prabhadevi, Mumbai
Slide 20: Portfolio Synopsis
Portfolio synopsis (INR cr) Total Balance Expected Value of No. of Developable Sold Area Total GDV Collection Value of Total Future Particulars Sold Projects Area (Mn Sq Ft) Potential from Sold Unsold Inflows Inventory (Mn Sq Ft) Inventory Inventory Ongoing Projects (A) 22 26.3 12.0 37,941 14,718 5,
Slide 21: Planned Launches for FY26
PLANNED LaunchES for FY26 Sr. Developable Area Estimated GDV Project Name Tower/Phase Location Mode of Holding Status No (msf) (INR Cr) Kalpataru Aria Karjat, Rest of 1 Tower A & B 0.08 45 Owned Launched in Q1 (Residences) MMR Estella at Kalpataru Kolshet Road, Tower A & B - 2 Tower A to D 1.76 2,18
Slide 22: FY26 Guidance
FY26 Guidance Sr. No Particulars FY25 Actual FY26 Guidance H1 FY26 Actual % Achieved in H1 FY26 1 Pre-Sales Value (INR cr) 4,531 ~ 7,000 2,577 ~37% 2 Collections (INR cr) 3,659 ~5,700 2,308 ~40% 3 Net Debt (INR cr) 9,310 ~7,300 8,025 21 Q2 & H1 FY26 Results Presentation
Slide 23: Sustainability & CSR
05 SUSTAINABILITY & CSR Kalpataru Vista, Noida
Slide 24: Core Focus on Implementation of Green & Sustainable Buildings
CORE FOCUS ON IMPLMENTATION OF GREEN & SUSTAINABLE BUILDINGS 39 27.15 Projects Buillt-up Area ^ (msf) Won the prestigious IGBC Green Projects Founding member of Kalpataru Square - 1st project in Asia IGBC (Indian Green and 6th in the world to be LEED – Core Champions Award for Developer Leading Buil
Slide 25: CSR Initiatives - Q2 FY26 Update
CSR INITIATIVES - Q2 FY26 Update Education Skilling Environment Healthcare Project Name – Prerna Project Name – Kaushal Vriddhi Project – Kartavya ▪ 13,480 beneficiaries have • 63 first generation learners benefitted of the Mobile Medical benefitting from the Remedial ▪ 154 women undergoing • 24 Wee
Slide 26: Awards & Accolades
Awards & Accolades Realty+ Excellence Awards Best Redevelopment Project Of The Year – Kalpataru Advay Best Ultra Luxury Lifestyle Project of the year – Kalpataru Oceana Best Brand Story Telling in Ad Film – Kalpataru Brand Film Best Integrated Brand Campaign Project of the Year – Kalpataru P
Slide 27: Thank You
THANK YOU For further queries, please reach out to us - Mr. Advait Phatarfod Investor.Relations@kalpataru.com Mr. Kanav Khanna – EY Kanav.Khanna@in.ey.com www.kalpataru.com
Slide 28: Kalpataru Ltd. Reports Strong Q2 & H1 FY26 Performance
KALPATARU LTD. REPORTS STRONG Q2 & H1 FY26 PERFORMANCE DRIVEN BY ROBUST DEMAND AND STRATEGIC EXECUTION Pre-sales for Q2 FY26 rose 19% YoY to ₹1,329 crore, supported by strong collections of ₹1,162 crore, up 37% YoY Mumbai | Monday, 10th November 2025 | Kalpataru Limited, a leading developer in Mumba
Slide 29: Press release: sale realization, net debt and financial performance
Average Sale realization stood at INR 19,260 per sq.ft. as against INR 12,473 per sq.ft. in the same period last year, up 54% YoY Net Debt Net Debt as on 30th September 2025 stood at INR 8,025 Cr and Net Debt/Equity Ratio stood at 2.0x as compared to 3.8x as on 31st March 2025 Consolidated Finan
Slide 30: About Kalpataru Limited
About Kalpataru Limited: Established in 1988, Kalpataru Limited is one of the largest developers in Mumbai, Maharashtra. Kalpataru Limited focuses on the development of luxury, premium, and aspirational residential, commercial, and retail projects, integrated townships, lifestyle gated communities,