India's Kalpataru falls after sequential quarterly loss
04/08/2026 05:40
BUZZ-India's Kalpataru falls after sequential quarterly loss ** Shares of Indian real estate development company Kalpataru KALT.NS fall 4.6% to 286.85 rupees, their biggest intraday pct drop since May 2026
** Company on Monday posted first-quarter net loss of 265.2 million rupees ($2.78 million) versus profit of 2 billion rupees in the last quarter
** Company's revenue from operations sequentially down 72%
** Kalpataru's net loss in the quarter narrowed from 518.4 mln rupees last year; rev from ops up 6.5% y/y
** Stock down 14.6%, YTD
($1 = 95.2750 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
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