Newly listed Kalpataru reports over 42% fall in profit in Q4; revenue surges 21%

The real estate firm clocked a revenue from operations of ₹596.89 crore in the March FY25 quarter, jumping 21.33% YoY from ₹491.97 crore in the fourth quarter of FY24.

At an operational level, the company’s adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹182 crore. Its adjusted EBITDA margin was at 30.5%.

During the March FY25 quarter, Kalpataru sold an area of 1.14 million square feet (msf), compared to 0.88 msf it sold in Q4FY24.

Furthermore, its pre-sale value improved to ₹1,724 crore in the quarter under review, growing 79% YoY from ₹961 crore in the year-ago period. The pre-sale value for the entire FY25 stood at ₹4,531 crore, jumping 41% from FY24.

Its average sale realisation, which is essentially the average selling price per unit, stood at ₹15,127 per square foot (sq. ft) in Q4FY25 versus ₹10,935 per sq. ft in the corresponding quarter last year.

Kalpataru had raised ₹1,590 crore in equity through its initial public offering (IPO) in June 2025, of which it used ₹1,192.5 crore for debt repayment, the firm said.

Commenting on the results, Parag Munot, the Managing Director of Kalpataru Limited, said: “We are delighted to present Kalpataru Limited’s performance highlights for the financial year 2025 — a year witnessing a remarkable turnaround driven by strong sales, focus on asset-light growth model, disciplined execution and strategic decision-making.”

“As we look ahead, our commitment remains firm: to strengthen our presence across the key micro-markets within the MMR & Pune region and to build on the trust and goodwill we have earned. With a healthy portfolio of 35 Ongoing and Forthcoming projects spread over ~47 MSF, Kalpataru is well-positioned to sustain this upward momentum. We are confident that our clear strategy, robust fundamentals, and relentless customer focus will continue to drive value creation, exceed expectations, and fuel our growth trajectory in the years to come,” Munot further stated.

The Kalpataru IPO had opened for subscription on June 24, 2025, and closed on June 26, 2025. The shares listed on the National Stock Exchange (NSE) and BSE, at par with the issue price, at ₹414 apiece.

Shares of Kalpataru closed 1.63% higher at 426.95 apiece on the NSE on Wednesday. However, the results were announced after the market closed.