Kalpataru Ltd Cuts Debt and Eyes Rapid Recovery Despite Initial Losses

Kalpataru Ltd, a prominent real estate enterprise, has successfully reduced its net debt by 15%, signifying a decline to Rs 7,939 crore in the June quarter. This financial maneuver was significantly bolstered by the capital raised through an Initial Public Offering (IPO) in June 2025.

Despite facing a consolidated net loss of Rs 49.42 crore in the first quarter, the firm's sales bookings witnessed an 83% leap, achieving Rs 1,249 crore. This upswing is attributed to a considerable rise in average sales realization even though sales volume decreased slightly.

Kalpataru has committed to further slashing its debt to Rs 7,300 crore by the end of the fiscal year, underlining its strategic drive toward financial stability and expansion in the competitive real estate market.

(With inputs from agencies.)