Kalpataru Limited — Q1 FY27 earnings call

Hi sir, thank you for the opportunity. I want to know that area sold increased by 48% in Q1, but pre-sale grew only 6% as on average realization fell. Was this entirely due to project mix or was there some discounting in specific project?

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It is right. It is due to project mix.

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Okay. And collection was around Rs. 1365 crores. How much it came from the older sold receivable and how much was linked to booking made during the quarter?

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The booking made during the quarter was marginal only. Most of the collection was due to the units sold earlier.

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And debt increasing from March to June. Can you please give us some briefs like where the cash was deployed during the quarter?

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So, on the debt, the company is very clear. Directionally, it is going to be on the downside, year on year. Periodically, within quarters, it is possible that it may increase slightly or marginally due to the spend or investment or capital allocation on to the ongoing projects or the new projects which are acquired under new BD. However, the trend would be generally on the downside.

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Okay, sir. And on earlier call, you have told that ~Rs. 1800-2000 cr sales to come from new launches in FY27. How much of this already has been achieved in Q1 and does the full year expectation remain unchanged or it is unchanged only?

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In this quarter, 35% was from new sales and as we have said, for the entire year, about 25% will be from new launches.

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Okay. And what is the expectation which remains the same for the full year?

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Expectation for the full year from new launches will be about 25%.

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Thank you. Next question comes from the line of Saurabh Gilda with JM Financial. Please go ahead.

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Hi, good morning. Thank you for taking my question. I just wanted to get a sense on the timeline for the launches that we have highlighted in the PPT. If you can share any update at what stages these launchers are and when can we expect the launch of these projects? Are they back-ended or well-spread across the next three quarters?

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Hi Saurabh. They are well-spread across the three quarters. Blossom will happen in the next quarter. Estela 1 Tower will happen in this quarter. Hari Neketan will happen this quarter. And Ardene and Suman Nagar will go to next quarter.

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Okay. Thanks for the update, sir. And just wanted to get a sense on pricing, sir. How are you seeing the same post-war, the recovery specifically? How are you seeing the pricing trend across your projects and across the markets that you are operating?

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We are seeing a positive trend towards walk-ins and conversion and also the pricing is looking stable and strong.

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Anything that you can quantify for maybe what is the expectation for the year in terms of pricing?

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So the pricing generally as the progress of the project goes, wherever we can see an increase, we are planning to move towards that. By Q2 we will know how much the price increase shall be about.

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Sure, sir. Thank you. Those were no questions. I will come back and let you know. Thank you so much.

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Thank you. Ladies and gentlemen, as there are no further questions, we have reached the end of question-and-answer session. I now hand the conference over to the Management for closing comments.

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Thank you to all the participants for joining our results call. We look forward to regularly interacting with you. In case of any further questions, feel free to reach out to our investor relations or the Ernst & Young team for clarification. Thank you.

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Thank you. On behalf of Kalpataru Limited, that concludes this conference. Thank you for joining us. You may now disconnect your lines.

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