Kalpataru Ltd cuts net debt by 15 pc to Rs 7,939 cr in June quarter

New Delhi, Aug 21 (PTI) Realty firm Kalpataru Ltd's net debt declined 15 per cent to Rs 7,939 crore during the June quarter with the help of funds raised through Initial Public Offering (IPO).

The company had a net debt of Rs 9,310 crore at the end of the last fiscal year and the same has come down to Rs 7,939 crore as on June 30, 2025, according to a latest investors presentation.

Kalpataru Ltd raised Rs 1,590 crore in equity through IPO in June 2025.

The company has given a guidance to reduce its debt to Rs 7,300 crore by end of the current 2025-26 fiscal.

Regarding operational performances, Kalpataru Ltd has posted an 83 per cent rise in its sales bookings to Rs 1,249 crore during the first quarter of this fiscal on higher realisation.

Its sales bookings stood at Rs 682 crore in the year-ago period.

The company's sales bookings fell in volume terms to 0.56 million sq ft from 0.61 million sq ft.

However, the average sales realisation doubled to Rs 22,476 per sq ft from Rs 11,199 per sq ft.

Recently, the company reported a consolidated net loss of Rs 49.42 crore in the first quarter of this financial year.

Its net loss stood at Rs 0.69 crore in the year-ago period.

The total income fell to Rs 456.78 crore in the April-June period of 2025-26 from Rs 544.67 crore in the corresponding period of the preceding year.

Kalpataru Ltd, which got listed on stock exchanges recently, is one of the leading real estate developers in the country. PTI MJH HVA