Kolte-Patil Developers Ltd (BOM:532924) Q4 2025 Earnings Call Highlights: Record Collections ...
Release Date: May 26, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Kolte-Patil Developers Ltd (BOM:532924) achieved its highest-ever collection of INR 2,432 crore in FY25, marking an 18% year-on-year growth.
The company reported its highest-ever annual total income of INR 1,764 crore, a 27% increase year-on-year.
Operating cash flow for FY25 stood at INR 880 crore, indicating strong financial health.
The Life Republic Township project performed well, contributing 1.9 million square feet to the volume, reflecting sustained homebuyer confidence.
Kolte-Patil Developers Ltd (BOM:532924) launched projects with a total GDP of approximately INR 4,000 crore, with new launches contributing 42% of overall sales.
Sales were impacted due to deferment in planned project launches owing to regulatory and procedural delays.
The company is facing challenges with project approvals, which have been delayed due to regulatory changes and elections.
Despite improved realizations, operating margins have remained below 20% for the fifth consecutive year.
There is uncertainty regarding the timeline for future project launches and pre-sales guidance due to ongoing strategic reviews.
The company is still awaiting regulatory approvals for a transaction involving Blackstone, which could impact strategic direction and operations.
Warning! GuruFocus has detected 10 Warning Signs with BOM:532924.
Q: Can you provide guidance for pre-sales and launches for the next year? A: We are on track with our long-term guidance, but due to current circumstances, we will revisit our strategy and may take a quarter or two to provide guidance for the year. However, our long-term trajectory remains on track. - Group CEO
Q: What is the status of the delayed projects and new launches? A: We launched projects with a GDP potential of 4,000 crore this year. Some projects were deferred due to delays in the approval cycle. We will update on these once we have more clarity. - Group CEO
Q: Can you explain the reasons behind the lower operating margins despite increased realizations? A: Compared to FY24, our EBITDA margin improved significantly, and we expect further margin improvements as realizations have increased. We are working on cost rationalization internally. - Group CEO
Q: How do you view the current market demand and approval challenges? A: Demand remains strong, especially in Pune and Mumbai, supported by interest rate reductions and budget announcements. Approval processes have seen improvements, but they remain a factor that can cause quarter-to-quarter slippages. - Group CEO
Q: What is the long-term guidance for the company, and how do you see the role of Blackstone and promoters in strategic direction? A: Our long-term guidance remains on track. The transaction with Blackstone is under regulatory approval, and we will provide more details once it progresses. - Group CEO
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
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