Tag: Kalpataru

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Kalpataru’s Q1 FY26 Sales Bookings Jump 83% to ₹1,249 Crore

NEW DELHI: Realty company Kalpataru Ltd reported an impressive 83% increase in sales bookings, reaching Rs 1,249 crore in the first quarter of this fiscal year, driven by higher realizations. In the same period last year, the sales bookings were Rs 682 crore. As per their latest investor presentation, while the sales volume decreased from 0.61 million sq ft to 0.56 million sq ft, the average sales realization saw a significant rise, doubling from Rs 11,199 per sq ft to Rs 22,476 per sq ft. On Wednesday, the company also announced a consolidated net loss of Rs 49.42 crore for…

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Kalpataru Reports ₹49.42 Crore Net Loss in Q1 FY26

NEW DELHI: Realty company Kalpataru Ltd announced a consolidated net loss of Rs 49.42 crore for Q1 of the current fiscal year. In the same period last year, the net loss was Rs 0.69 crore. For the April-June quarter of 2025-26, total income decreased to Rs 456.78 crore from Rs 544.67 crore year-on-year, as per a regulatory filing. Kalpataru Ltd, which recently got listed on stock exchanges, is recognized as a prominent real estate developer in the nation. Published On Aug 14, 2025 at 08:43 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter…

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Lloyds’ Promoter Family Buys Altamount Road Apartments for ₹227 Cr

Ravi Agarwal, a member of the Lloyds Group promoters, along with his family, has purchased six luxurious sea-view apartments, including a seven-bedroom duplex, in the Kalpataru Prive tower on Altamount Road in South Mumbai for over ₹227 crore. The family has acquired approximately 18,000 sq ft of space, spanning the 18th to 23rd floors of this under-construction premium tower, which is valued at ₹1.27 lakh per sq ft. This transaction ranks among the most expensive and largest residential deals in India this year. The buyers incurred a stamp duty of nearly ₹13.29 crore for the registration of these transactions that…

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Kalpataru Q4 FY25 Profit Falls 42% to ₹14 Crore

NEW DELHI: Realty firm Kalpataru Ltd has reported a 42% decline in its consolidated net profit, dropping to Rs 14.05 crore in the fourth quarter of FY25. In the same period last year, the Mumbai-based company had a net profit of Rs 24.30 crore. However, total income increased to Rs 667.21 crore for the January-March quarter of the 2024-25 fiscal year, up from Rs 535.22 crore in the corresponding period last year, according to a regulatory filing. During the entire 2024-25 fiscal year, Kalpataru Ltd reported a net profit of Rs 21.62 crore, recovering from a loss of Rs 94.98…

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Minister: Rent Deals with Redevelopers Now Valid for Passports

MUMBAI: The Centre has prepared Standard Operating Procedures (SOPs) for police verification needed for passport applications. However, the Maharashtra government is addressing concerns raised by citizens whose residential buildings are undergoing redevelopment, according to a minister’s statement on Wednesday. During an assembly session, Minister of State for Home, Yogesh Kadam (Urban), emphasized that verifying addresses for passport applications is a national security issue. This process requires confirming the applicant’s identity along with any pending criminal cases. It is important to note that police verification for issuing passports occurs at the applicant’s registered address. The redevelopment of older buildings can cause…

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Kalpataru Shares Debut Flat, Surge Over 9% Later

NEW DELHI: Shares of real estate developer Kalpataru Ltd had a flat debut on Tuesday, opening at the issue price of Rs 414 but later rallied by over 9%. The stock began trading at Rs 414.10 on the BSE and gained momentum, increasing by 9.42% to reach Rs 453. On the NSE, it was listed at Rs 414, before climbing 9.37% to Rs 452.80. The company had a market valuation of Rs 9,121.99 crore in early trading. Kalpataru Ltd’s initial public offering (IPO) was subscribed 2.26 times by the end of bidding last Thursday. The IPO’s price band was set…