Key Points

Kalpataru, a Mumbai-based real estate developer, experienced a significant drop in net profit during Q4 FY25. Despite the profit decline, the company saw impressive revenue growth and strong pre-sales performance. The firm recently went public, raising Rs 1,590 crore and using a substantial portion to repay debt. Managing Director Parag Munot highlighted the company's strategic approach to asset-light growth.

Key Points: Kalpataru Profits Slip 42% Despite Strong Q4 Real Estate Sales

  • Q4 net profit drops 42% to Rs 14.05 crore
  • Revenue rises 21.32% to Rs 596.89 crore
  • Pre-sales value jumps 79% to Rs 1,724 crore
  • Company achieves higher average sale realization
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Real estate firm Kalpataru clocks 42 pc decline in net profit in Q4 FY25

Mumbai-based Kalpataru reports Q4 net profit decline while achieving significant revenue growth and pre-sales expansion

"FY25's performance was driven by strong sales, strategic decision-making - Parag Munot, Managing Director"

Mumbai, July 16

Real estate developer Kalpataru on Wednesday announced that it has reported a 42.18 per cent year-on-year (YoY) decline in its net profit for the fourth quarter (Q4) of FY25.

The company's consolidated net profit attributable to the owners stood at Rs 14.05 crore in Q4 FY25, down from Rs 24.3 crore in the same period previous year, according to its stock exchange filing.

This is Kalpataru's first quarterly earnings report since it got listed on the Bombay Stock Exchange (BSE) late last month.

Despite the fall in profit, the company's revenue from operations rose by 21.32 per cent YoY to Rs 596.89 crore in Q4.

However, total expenses also increased sharply by 26.63 per cent during the quarter to Rs 638.5 crore.

Kalpataru's adjusted EBITDA stood at Rs 182 crore in Q4, with an EBITDA margin of 30.5 per cent, as per its filing.

During the quarter, Kalpataru sold 1.14 million square feet of space, a growth of 30 per cent compared to the previous year.

Its pre-sales value saw a strong jump of nearly 79 per cent YoY to Rs 1,724 crore. The company also achieved a higher average sale realisation of Rs 15,127 per square foot in Q4 FY25, up from Rs 10,935 per square foot in Q4 FY24.

For the full financial year FY25, Kalpataru reported a revenue of Rs 2,221.62 crore, registering a growth of 15.11 per cent over FY24.

The company turned profitable during the year, with a net profit of Rs 21.62 crore, as against a loss of Rs 94.98 crore in FY24.

Adjusted EBITDA for the year stood at Rs 664 crore, and EBITDA margin was 29.9 per cent, the company mentioned in its filing.

The company's Managing Director Parag Munot said that FY25's performance was driven by strong sales, strategic decision-making, and a disciplined focus on asset-light growth.

He also mentioned that the company raised Rs 1,590 crore through its IPO in June, of which Rs 1,192.5 crore has already been used to repay debt.

- IANS

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Reader Comments

S
Shreya B
The revenue growth is impressive though! 21% increase shows people still trust Kalpataru brand. Their projects in Thane have good reputation for quality construction.
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Aman W
Rs 15,127 per sq ft average price? 😳 That's way beyond common man's reach. Developers need to focus more on affordable housing in this economy.
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Priya S
Good that they used IPO money to reduce debt. Many real estate companies in India collapse because of excessive borrowing. Smart financial management is key!
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David E
As an investor, I'm concerned about the rising expenses (26% increase!). Need to see better cost control measures from management in next quarter results.
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Nisha Z
From loss of 94cr to profit of 21cr in one year is actually great turnaround! Shows their new strategy is working. Hope they maintain this momentum.

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