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Business Standard
14-07-2025
- Business
- Business Standard
Kolte-Patil Developers reports 13% drop in sales value for Q1 FY26
Kolte-Patil Developers has reported a 13.3% decline in sales value to Rs 616 crore in the first quarter of FY26, down from Rs 711 crore recorded in the same quarter last year. Sales volume fell 12.5% to 0.84 million square feet in Q1 FY26 compared to 0.96 million square feet in Q1 FY25. On a sequential basis, sales value slipped 2.3%, while sales volume rose 5.2% compared to Q4 FY25. The companys average realization stood at Rs 7,337 per square foot, reflecting a decline of 0.9% year-on-year and 7.2% quarter-on-quarter. Collections during the quarter dropped 10.1% year-on-year and 21.8% quarter-on-quarter, standing at Rs 550 crore. In a significant development, BREP Asia III India Holding Co VII Pte acquired a 14.3% stake in Kolte-Patil Developers through a preferential allotment of equity shares on 23 June 2025. Atul Bohra, Group CEO, Kolte-Patil Developers said, FY26 commenced with consistent operational performance on the back of sustained demand. Sales volume of 0.84 million square feet improved by around 5% QoQ. Collections of Rs 550 crore for the quarter are in line with the contracted schedule. We have a robust pipeline of launches across Pune and Mumbai in the coming quarters, which is expected to drive healthy growth in FY26. Our upcoming projects coupled with the sustenance inventory will drive sales as the year progresses. I am happy to share that Blackstone Funds now own 14.3% equity stake in our company. This strategic partnership holds us in good stead to deliver robust growth over the future. Overall, the demand outlook remains positive. We continue to benefit from the strong preference for trusted developers with a consistent track record. We remain focused on expanding our portfolio through strategic business development and leveraging our healthy balance sheet to pursue value-accretive opportunities. Our growing footprint and well-established brand equity is expected to drive robust performance and long-term value for all our stakeholders. The Kolte-Patil Developers group is one of the largest residential real estate developers in Pune. The company has a healthy project portfolio of affordable, mid-income, and luxury residential segments through its brands, Kolte-Patil and 24K, respectively, and is expanding its presence in Bengaluru and Mumbai. The company has developed and constructed over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT parks, covering a saleable area of over 30 million square feet across Pune, Mumbai, and Bengaluru. The company reported a consolidated net profit of Rs 65.29 crore in Q4 FY25 as compared with a net loss of Rs 27.11 crore posted in Q4 FY24. Revenue from operations jumped 36.53% year on year (YoY) to Rs 718.67 crore in the quarter ended 31 March 2025. The scrip rose 0.10% to Rs 455.10 on the BSE.
Time of India
26-05-2025
- Business
- Time of India
Kolte-Patil Developers reports net profit of ₹66.29 crore in Q4 FY25
NEW DELHI: Pune-based Kolte-Patil Developers has reported net consolidated profit of ₹66.29 crore during the quarter ended March 31, 2025. Its loss after tax stood at ₹26.18 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹723.20 crore in Q4 FY25, a growth of 37.04 per cent from ₹527.71 crore it recorded in the similar quarter last year. Atul Bohra , group CEO of the company said, "FY25 has been a strong year for the company, with milestones achieved on various operational and financial metrics- total income of ₹1,764 crore, collections of ₹2,432 crore, and operating cash flows of ₹880 crore. FY25 EBITDA at ₹227 crore registered a strong growth of 252% year-on-year. Average realizations improved by 8%. New launches contributed 42% of annual sales. We also signed a strategic ~22-acre JDA in Pune with a GDV potential of ₹4,000 crore." Its sales value stood at ₹2,791 crore, collections was at ₹2,432 crore in FY25. The company launched projects with gross development value (GDV) of ₹4,000 crore during the last fiscal.
Business Standard
26-05-2025
- Business
- Business Standard
Kolte-Patil Developers rallies on reporting turnaround PAT of Rs 65 cr in Q4
Kolte-Patil Developers jumped 4.23% to Rs 405.50 after the company reported consolidated net profit of Rs 65.29 crore in Q4 FY25 as compared with net loss of Rs 27.11 crore posted in Q4 FY24. Revenue from operations jumped 36.53% year on year (YoY) to Rs 718.67 crore in the quarter ended 31 March 2025. The company reported a profit before tax of Rs 101.26 crore in Q4 FY25, compared to a pre-tax loss of Rs 44.63 crore in the corresponding quarter of the previous year. The firm reported an EBITDA of Rs 111.9 crore in Q4 FY25, compared to a negative EBITDA of Rs 8.7 crore in Q4 FY24. The companys EBITDA margin stood at 15.5% in Q4 FY25, against a negative margin of 1.7% in Q4 FY24. New area sales value decreased 15% to Rs 631 crore, and the collections were up 19% to Rs 704 crore in Q4 FY25 over Q4 FY24. The volume for new area sales tumbled 23% to 0.80 million sq. ft and the realization rose 9% to Rs 7,904 per sq ft. On a full-year basis, the company reported a consolidated net profit of Rs 106.56 crore in FY25 as against a net loss of Rs 69.35 crore in FY24. Revenue from operations jumped 25.22% YoY to Rs 1,717.38 crore in FY25 Also Read Atul Bohra, Group CEO, Kolte-Patil Developers, said, FY25 has been a strong year for the company, with milestones achieved on various operational and financial metrics - total income of Rs 1,764 crore, collections of Rs 2,432 crore, and operating cash flows of Rs 880 crore. FY25 EBITDA at Rs 227 crore registered a strong growth of 252% YoY. This has been achieved on the back of strong execution, healthy registrations, and active customer engagement. Average realizations improved by 8% reflecting our disciplined pricing strategy across geographies. Our flagship Life Republic township continued to perform well, contributing around 1.9 mm. sq. ft. to volumes. New launches contributed 42% of annual sales, reinforcing market traction. We also signed a strategic approximately 22-acre JDA in Pune with a GDV potential of Rs 4,000 crore, adding to our future growth pipeline. The residential demand is expected to sustain and remain broad-based across mid-income, premium, and luxury segments. And, in our pursuit of redefining living, we are committed to customer satisfaction across segments and geographies. As one of the leading real estate developers with a strong presence in Pune and a growing footprint in MMR and having created a solid foundation for multi-year growth, Kolte-Patil is well-positioned to capitalize on the opportunities and deliver long-term value. Kolte-Patil Developers is a real estate company with a dominant presence in the Pune residential market and a growing footprint in Mumbai and Bengaluru. The company has developed and constructed over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT parks, covering a saleable area of over 30 million square feet across Pune, Mumbai, and Bengaluru.
Time of India
26-05-2025
- Business
- Time of India
Kolte-Patil Developers Q4 Results: Net profit at Rs 106.6 crore, total income surges to Rs 1,764 crore
Kolte-Patil Developers Ltd. reported a net profit of Rs 106.6 crore for the financial year 2024–25, compared to a net loss of Rs 69.4 crore a year ago. The company recorded its highest-ever annual total income at Rs 1,763.7 crore, up 26.5%. Collections for the year also rose to an all-time high of Rs 2,432 crore, marking an 18% increase. The Pune-headquartered developer's operating profit surged 252% to Rs 227.4 crore. Sales value for the year stood at Rs 2,791 crore, the company said in its earnings release. New launches contributed 42% of annual sales, reinforcing strong market traction. 'FY25 has been a strong year for the company, with milestones achieved across various operational and financial metrics. This has been driven by robust execution, healthy registrations, and active customer engagement. Average realizations improved by 8%, reflecting our disciplined pricing strategy across geographies,' said Atul Bohra, Group CEO, Kolte-Patil Developers. For the quarter ended March, the company reported a net profit of Rs 65.3 crore on the back of a total income of Rs 723.2 crore. During the quarter, the company launched projects with a combined gross development value (GDV) of around Rs 4,000 crore. It also acquired a joint development project spanning around 22 acres in Pune, expected to generate a GDV of about Rs 4,000 crore. Live Events
Business Standard
21-04-2025
- Business
- Business Standard
Kolte-Patil Developers sales value drops 15% YoY in Q4
Kolte-Patil Developers reported 15.07% decline in sales value to Rs 631 crore in Q4 FY25 as against Rs 743 crore reported in Q4 FY24. Sales volume declined 22.33% to 0.80 million square feet in Q4 FY25 from 1.03 million square feet in the same quarter of the previous year. On a sequential basis, the company's sales value and sales volume declined by 7.20% and 1.23%, respectively, compared to Q3 FY25. Realization stood at Rs 7,904 per square foot, recording a growth of 9.38% YoY, while declining by 5.83% QoQ. Collections stood at Rs 704 crore, up 18.91% YoY and 24.16% QoQ. Atul Bohra, Group CEO of Kolte-Patil Developers, said, During FY25, we recorded milestone collections of Rs 2,432 crore, reinforced by operating efficiency, strong registrations, sales, construction and customer engagement. Sales at Rs 2,791 crore remained muted, impacted by delay in the planned project launches. New launches contributed around 42% to overall sales, reaffirming the optimistic demand scenario for our projects. Our flagship Life Republic township continued to perform well reflecting sustained homebuyer confidence in our offerings and execution. On the business development front, we added a project in Wadgaon (Pune) with the GDV of Rs 4,000 crore during the year, further enhancing our future growth pipeline. Looking ahead, we are excited about the next chapter of accelerated growth and value unlocking for all stakeholders. With strong operational delivery, a healthy balance sheet, and deep understanding of our core markets, we are well-positioned to tap into emerging opportunities and continue delivering consistent, high-quality performance across key metrics in the years ahead. The official announcement was made on Thursday, 17 April 2025, after market hours The Kolte-Patil Developers group is one of the largest residential real estate developers in Pune. The company has a healthy project portfolio of affordable, mid-income, and luxury residential segments through its brands, Kolte-Patil and 24K, respectively, and is expanding its presence in Bengaluru and Mumbai. The company has developed and constructed over 64 projects, including residential complexes, integrated townships, commercial complexes, and IT parks, covering a saleable area of over 28 million square feet across Pune, Mumbai, and Bengaluru. The companys consolidated net profit surged 140.2% to Rs 25.30 crore on 361.4% jump in net sales to Rs 349.67 crore in Q3 FY25 over Q3 FY24. Shares of Kolte-Patil Developers gained 1.46% to Rs 340.10 on the BSE.
