Realty developer Kalpataru Ltd has recorded a 79% year-on-year increase in pre-sales to Rs 1,724 crore for the fourth quarter of 2024-25. For the full financial year, the performance stood at Rs 4,531 crore, up 41% from the previous year.
The listed company sold 1.14 million sq ft during the quarter ended March, compared with 0.88 million sq ft in the same quarter last year, marking a 30% growth. Average sale realisation for the quarter stood at Rs 15,127 per sq ft, against Rs 10,935 per sq ft a year ago.
For 2024-25, total area sold was 3.26 million sq ft, up 15% year-on-year. Average sale realisation for the year was Rs 13,905 per sq ft, compared with Rs 11,332 per sq ft in 2023-24.
“As we look ahead, our commitment remains firm, to strengthen our presence across the key micro-markets within the Mumbai Metropolitan Region (MMR) and Pune region and to build on our goodwill. With a healthy portfolio of 35 ongoing and forthcoming projects spread over 47 million sq ft, Kalpataru is well-positioned to sustain this upward momentum,” said Parag Munot, MD, Kalpataru Ltd.
Revenue from operations in 2024-25 stood at Rs 2,222 crore. Adjusted operating profit was Rs 664 crore with a margin of 29.9%. Profit after tax for the year stood at Rs 25 crore, against a loss of Rs 108 crore in FY24.
In the March quarter, revenue from operations was Rs 597 crore, adjusted operating profit was Rs 182 crore with a margin of 30.5%, and profit after tax was Rs 20 crore.
The Mumbai-based developer launched seven projects in FY25, adding around 6.5 million sq ft of saleable area. Kalpataru raised Rs 1,590 crore through the recently concluded Initial Public Offer ( IPO) in June, of which Rs 1,192.5 crore has been used for debt repayment.
The listed company sold 1.14 million sq ft during the quarter ended March, compared with 0.88 million sq ft in the same quarter last year, marking a 30% growth. Average sale realisation for the quarter stood at Rs 15,127 per sq ft, against Rs 10,935 per sq ft a year ago.
For 2024-25, total area sold was 3.26 million sq ft, up 15% year-on-year. Average sale realisation for the year was Rs 13,905 per sq ft, compared with Rs 11,332 per sq ft in 2023-24.
“As we look ahead, our commitment remains firm, to strengthen our presence across the key micro-markets within the Mumbai Metropolitan Region (MMR) and Pune region and to build on our goodwill. With a healthy portfolio of 35 ongoing and forthcoming projects spread over 47 million sq ft, Kalpataru is well-positioned to sustain this upward momentum,” said Parag Munot, MD, Kalpataru Ltd.
Revenue from operations in 2024-25 stood at Rs 2,222 crore. Adjusted operating profit was Rs 664 crore with a margin of 29.9%. Profit after tax for the year stood at Rs 25 crore, against a loss of Rs 108 crore in FY24.
In the March quarter, revenue from operations was Rs 597 crore, adjusted operating profit was Rs 182 crore with a margin of 30.5%, and profit after tax was Rs 20 crore.
The Mumbai-based developer launched seven projects in FY25, adding around 6.5 million sq ft of saleable area. Kalpataru raised Rs 1,590 crore through the recently concluded Initial Public Offer ( IPO) in June, of which Rs 1,192.5 crore has been used for debt repayment.
You may also like
Massive quake: 7.3 tremor strikes off Alaska coast; tsunami warning issued
Keir Starmer's massive blunder in Afghan asylum scandal exposed
Call the Midwife fans say the same thing after huge twist for Christmas special
Jose Mourinho falls out with Jhon Duran on FIRST DAY as ex-Aston Villa star warned of 'consequences'
Alaska tsunami LIVE: Huge warning issued after 7.2 magnitude earthquake off US coast
