Analysts/Institutional Investor Meet/Con. Call Updates

August 05, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Listing Operation Department, Bandra Kurla Complex, Bandra (E), 20th Floor, P.J. Towers, Dalal Street, Mumbai - 400 051 Mumbai – 400 001 Maharashtra, India Maharashtra, India NSE Code: KALPATARU BSE Code: 544423 Dear Sir/Madam, Sub: Transcript of Earnings conference call on Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026 Ref: Regulation 30 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) This is further to our letter dated August 04, 2026, wherein we had informed the Stock Exchanges regarding the conclusion of the Earnings Conference Call held with analysts and investors on Tuesday, August 04, 2026 at 10:20 a.m. (IST), in respect of the Unaudited Standalone and Consolidated Financial Results of the Company for the first quarter ended June 30, 2026. Please find enclosed the Transcript of the said Earnings Conference Call and the same can be accessed on the website of the Company at Kalpataru | Investor Corner | Transcript . This intimation is also being uploaded on the Company’s website at Kalpataru | Investor Corner. We request you to take the above information on record. Yours faithfully, For Kalpataru Limited Gajendra Mewara Company Secretary & Compliance Officer KALPATARU LIMITED CIN No.: L45200MH1988PLC050144 91, Kalpataru Synergy, Opposite Grand Hyatt, Santacruz (E), Mumbai 400 055, India. Tel +91 22 3064 5000 ◼ www.kalpataru.com ◼ investor.cs@kalpataru.com Kalpataru Limited Q1 FY27 Earnings Conference Call August 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Kalpataru Limited's Q1 FY’27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the management's opening remarks. Should you need assistance during the conference call, please signal an operator by pressing “*” then “0” on your touchtone phone. I now hand the conference over to Mr. Advait Phatarfod – Head (Investor Relations) at Kalpataru Limited. Thank you and over to you, sir. Advait Phatarfod: Thank you, Renju. Good morning, ladies and gentlemen. Welcome to Q1 FY27 Results Call of Kalpataru Limited. We have with us today the management of Kalpataru Limited, represented by Mr. Parag Munot - Managing Director, Mr. Narendra Lodha - Executive Director and Mr. Chandrashekhar Joglekar - Director Finance and CFO. I would like to state that any forward-looking statements made during the discussion today are based on our current expectations, assumptions and projections about future events and are subject to risks and uncertainties beyond our control. With that, I will now hand over the call to Mr. Munot for the opening remarks, post which we shall open the floor for Q&A. Over to you, sir. Parag Munot: Thank you, Advait. Good morning, everyone and a warm welcome to all of you. Before we dive into our quarterly operational and financial matrix, I want to take a step back and reflect on the macroeconomic background against which this quarter unfolded. Entering the 1st Quarter of FY27, the global landscape faced significant turbulence, geopolitical friction in the Middle East, sent ripples through global supply chains, stoked energy price volatility and raised fresh questions around inflation and rate trajectories. In many developed markets, this macro uncertainty led to extended decision cycles and institution caution. However, what we witnessed in India, and specifically within urban real estate, was a remarkable demonstration of structural resilience. Historically, real estate was viewed primarily as a cyclical, rate-sensitive asset class. Today, Indian residential real estate, and Mumbai in particular, is being driven by a fundamentally different set of structural growth engines. We are seeing a rising number of high-earning end- users actively upgrading to larger, premium homes that offer holistic lifestyle ecosystems generating steady demand for quality-branded real estate. With that context in mind, Kalpataru delivered a steady start to the fiscal year, driven by operational momentum, robust sales collections, strategic projects launches, along with a new project addition and continued execution across our core micro-markets. Let me walk you through some of the key numbers. Pre-sales grew 6% year-on-year to reach Rs 1,329 crores in Q1 FY27, up from Rs 1,249 crores in Q1 FY26. Sales collections showed a 17% year-on-year growth to Rs 1,365 crores. Our cash flows visibility remained robust, backed by ongoing project inflows. Sales momentum at Kalpataru Park City Thane expanded significantly this quarter, with pre-sales surging 350% year-on-year compared to Q1 FY26 on a sub-par basis. Sales momentum at Kalpataru Parkcity, Thane expanded significantly this quarter, with pre- sales surging ~350% year-on-year compared to Q1 FY26 on a low base. With more than 2,000 families already residing on-site, we anticipate welcoming over 3,000 families by the year-end of next year. Increase in resident occupancy and key retail outlets turning operational are actively driving higher walk-ins and accelerated conversion rates in Kalpataru Park City. Coming to new launches, we launched two projects/ phases which have a total potential of 1.25 million square feet of saleable area. This includes Tower C of Estella at Kalpataru Park City Thane and our luxury development Kalpataru Vian, Hrushikesh, Lokhandwala in Mumbai. Kalpataru Vian, Hrushikesh features bespoke 3, 4, and 4.5 BHK residences with expansive grand decks offering uninterrupted views of Mumbai's mangroves across a private four-acre enclave. Positioned strategically within the vibrant ecosystems of Andheri West, Kalpataru Vian, Hrushikesh, enjoys unmatched connectivity to key infrastructure including major metro lines, upcoming coastal road projects, and the city's finest retail, educational, and wellness destinations. This project was launched toward the end of June 2026 and the response we have received has been encouraging. We have a strong pipeline of launches spread over approximately 5 million square feet and worth approximately Rs. 7,800 crores this year and we hope to carry this momentum into other project phases when we launch them. Turning to project completion, during the quarter we received occupation certificate for ~0.79 million square feet across 668 units, continuing a strong track record of project execution and handovers. We received occupation certificate for Kalpataru Elitus Tower B and Kalpataru Summit Office Complex in Mulund during this quarter. We are well on track to deliver on a target of 5.5 million square feet of completion this year. On the business development front, I am pleased to share that we have secured a development agreement for the redevelopment of five societies in Ashok Nagar, Kandivali. This project is situated on approximately 2.8-acre land parcel and has a GDV potential of Rs. 1,250 crores. Kalpataru has deep roots in this micro- market and has already delivered six projects in the past. During the quarter, we have monetized our commercial office property Kalpataru Infinia located at Shivajinagar Nagar in Pune for a consideration of ~Rs. 119 crores. With that, I would now like to hand over the call to Mr. Chandrashekhar Joglekar for a detailed update on our financial performance. Over to you, Chandrashekhar. Chandrashekhar Joglekar: Thank you, Parag. Good morning, everyone and welcome to our Q1 FY27 earnings call. Let me start with the financial update first. In Q1, we reported revenue from operations of Rs. 472 crores. Our adjusted EBITDA during the quarter was Rs. 95 crores with the margin of ~20%. On the profitability front, we reported a loss of Rs. 29 crores for the quarter. The company follows project completion method as we know [Showing first 8,000 characters — download PDF for full document]