Latest news with #Kolte-Patil
Business Upturn
26-05-2025
- Business
- Business Upturn
Kolte-Patil Developers shares surge 6.50% as company swings to profit in Q4, revenue jumps 37%
By Aditya Bhagchandani Published on May 26, 2025, 09:28 IST Shares of Kolte-Patil Developers Ltd rose 6.40% to Rs 414.10 in early trade on Monday after the company posted a strong turnaround in its March quarter earnings. The stock gained Rs 24.90 from its previous close of Rs 389.20, taking its market capitalization to Rs 31.58 billion. For the quarter ended March 2025, the company reported a net profit of Rs 65.29 crore, compared to a net loss of Rs 27.11 crore in the same period last year. Revenue from operations rose 36.53% YoY to Rs 718.67 crore, up from Rs 526.38 crore in Q4 FY24. Operating performance also improved substantially: Operating Profit Margin (OPM) turned positive at 14.80% , versus -4.01% last year. Profit before depreciation and tax (PBDT) came in at Rs 105.51 crore, compared to a loss of Rs 40.78 crore. Profit before tax (PBT) was Rs 101.26 crore, against a loss of Rs 44.63 crore. For the full financial year FY25, the company reported a net profit of Rs 106.56 crore, compared to a net loss of Rs 69.35 crore in FY24. Annual revenue rose 25.22% YoY to Rs 1,717.38 crore, from Rs 1,371.48 crore in the previous year. The strong recovery in operating and bottom-line metrics highlights Kolte-Patil's effective execution and improved demand momentum in the real estate sector. The stock currently trades at a P/E ratio of 222.70 and offers a dividend yield of 0.96% on the NSE. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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.
Yahoo
14-03-2025
- Business
- Yahoo
Blackstone to buy 40% stake in India's Kolte-Patil Developers for $134 million
(Reuters) - U.S. investment firm Blackstone will purchase a 40% stake in Indian real estate developer Kolte-Patil Developers in a deal worth 11.67 billion rupees ($134 million), the latter said on Thursday. Kolte-Patil will allot a Blackstone entity 14.3% preferential shares in a deal worth 4.17 billion rupees, while its controlling shareholders will sell another 25.7% to the U.S. firm for about 7.5 billion rupees. According to Indian market regulations, the sale will trigger a so-called open offer for Blackstone to buy up to 26% shares from existing shareholders. Blackstone, which entered India 20 years ago, counts India among its biggest markets, and is also one of the country's largest owners of office buildings, data centres, shopping malls and logistics parks. Kolte-Patil builds residential as well as commercial complexes and has a presence in the cities of Mumbai, Pune and Bengaluru. Its shares closed 2.3% higher at 346.65 rupees in Mumbai after the news. ($1 = 87.0100 Indian rupees) Sign in to access your portfolio
Reuters
13-03-2025
- Business
- Reuters
Blackstone to buy 40% stake in India's Kolte-Patil Developers for $134 million
March 13 (Reuters) - U.S. investment firm Blackstone (BX.N), opens new tab will purchase a 40% stake in Indian real estate developer Kolte-Patil Developers ( opens new tab in a deal worth 11.67 billion rupees ($134 million), the latter said on Thursday. Kolte-Patil will allot a Blackstone entity 14.3% preferential shares in a deal worth 4.17 billion rupees, while its controlling shareholders will sell another 25.7% to the U.S. firm for about 7.5 billion rupees. According to Indian market regulations, the sale will trigger a so-called open offer for Blackstone to buy up to 26% shares from existing shareholders. Blackstone, which entered India 20 years ago, counts India among its biggest markets, and is also one of the country's largest owners of office buildings, data centres, shopping malls and logistics parks. Kolte-Patil builds residential as well as commercial complexes and has a presence in the cities of Mumbai, Pune and Bengaluru. Its shares closed 2.3% higher at 346.65 rupees in Mumbai after the news. ($1 = 87.0100 Indian rupees)
