What was Kalpataru's revenue in Q4 FY26?

Kalpataru reported revenue of ₹1,694 Cr in Q4 FY26, a +177.7% change year-over-year.

Did Kalpataru management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

KALPATARU Diversified 15 May 2026

Kalpataru Limited — Q4 FY26

Q: What guidance did Kalpataru management give?

FY27 delivery target of ~5.5 msf: Management guided for approximately 5.5 million square feet of project completions in FY27, providing clear cash flow visibility.

Kalpataru delivered a landmark Q4 FY26 with revenue surging to ₹1,694 crore (up ~178% YoY) and EBITDA margin expanding to 36%, driven by completion of 1.37 msf across multiple projects under the project completion method.

Revenue ₹1,694 Cr +177.7%

EBITDA ₹612 Cr

PAT ₹194 Cr

EBITDA Margin 36.1%

Duration 38 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Kalpataru delivered a landmark Q4 FY26 with revenue surging to ₹1,694 crore (up ~178% YoY) and EBITDA margin expanding to 36%, driven by completion of 1.37 msf across multiple projects under the project completion method. Full-year pre-sales grew 17% to ₹5,280 crore, while collections jumped 34% to ₹4,960 crore, reflecting strong execution. The company guided for ~5.5 msf deliveries in FY27 and a launch pipeline of 5 msf (GDV ₹7,800 crore). Net debt stood at ₹8,160 crore (2x equity), with management targeting a marginal reduction. A key risk is the impact of geopolitical tensions and potential work-from-home trends on demand, though footfalls remain robust so far.

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Geopolitical tensions and work-from-home impact

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Quarter Snapshot

Pre-sales (Q4) ₹1,833 crore

+6% YoY

Highest ever quarterly pre-sales, driven by strong demand in MMR.

Collections (Q4) ₹1,487 crore

+41% YoY

Record quarterly collections, reflecting robust execution and customer deliveries.

Deliveries (FY26) 5.15 msf

+100% YoY

Nearly doubled delivery volume vs prior year; 3,000 units received OC.

Future Inflows (Ongoing Projects) ₹27,000 crore

N/A

Includes balance collections and unsold inventory value across 20 ongoing projects.

Fast read

Guidance and risk preview

Top guidance FY27 delivery target of ~5.5 msf

Management guided for approximately 5.5 million square feet of project completions in FY27, providing clear cash flow visibility.

Top risk Geopolitical tensions and work-from-home impact

Analyst raised concerns about potential demand slowdown due to geopolitical crisis and PM's work-from-home suggestion; management downplayed but ac...

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