**Kalpataru Ltd Reduces Net Debt by 15% Amid Strong Sales Growth**
Kalpataru Ltd, a prominent player in the Indian real estate sector, has successfully reduced its net debt by 15% to ₹7,939 crore during the June quarter, aided by funds raised through its Initial Public Offering (IPO). The company’s net debt stood at ₹9,310 crore at the end of the previous fiscal year, showcasing a significant decrease as of June 30, 2025, according to the latest investor presentation. The firm raised ₹1,590 crore in equity through its IPO in June 2025 and aims to further lower its debt to ₹7,300 crore by the conclusion of the current fiscal year 2025-26.
In terms of operational performance, Kalpataru Ltd reported an impressive 83% increase in sales bookings, reaching ₹1,249 crore in the first quarter of this fiscal year, driven by higher realizations. This marks a substantial rise from ₹682 crore in the same period last year. However, the volume of sales bookings decreased slightly to 0.56 million sq ft from 0.61 million sq ft. Notably, the average sales realization doubled, climbing to ₹22,476 per sq ft from ₹11,199 per sq ft.
Despite these positive sales figures, the company reported a consolidated net loss of ₹49.42 crore for the first quarter of the financial year, compared to a net loss of ₹0.69 crore in the previous year. Additionally, total income fell to ₹456.78 crore in the April-June period of 2025-26, down from ₹544.67 crore during the same timeframe last year.
Kalpataru Ltd, which has recently been listed on stock exchanges, continues to be a leading real estate developer in India, navigating the challenges of the market while focusing on debt reduction and sales growth.
**FAQ**
*What strategies is Kalpataru Ltd implementing to reduce its debt?*
Kalpataru Ltd is leveraging funds raised from its IPO and aims to further decrease its net debt to ₹7,300 crore by the end of the current fiscal year through improved operational performance and increased sales bookings.
