Latest news with #Kolte-PatilDevelopers
Time of India
29-07-2025
- Business
- Time of India
Kolte-Patil Developers posts net loss of ₹16.88 crore in Q1 FY26
NEW DELHI: Kolte-Patil Developers has reported net consolidated loss after tax of ₹16.88 crore during the quarter ended June 30, 2025. It had registered profit after tax of ₹6.37 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 ₹96.81 crore in Q1 FY26, a dip of 72.37 per cent from ₹350.39 crore it recorded in the similar quarter last year. As on June 30, 2025, its net worth stood at ₹1,233.65 crore, current liability ratio was 0.99, total debts to total assets was 0.18, debt-equity ratio was 0.89, operating margin was -31.51% and net profit margin was -17.44%.
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Business Standard
29-07-2025
- Business
- Business Standard
Kolte-Patil Developers suffers Rs 17 crore loss in Q1 FY26, sales dip
Pune-based Kolte-Patil Developers has incurred a loss (attributable to owners of the company) of Rs 16.99 crore in the first quarter of the financial year 2026 (Q1 FY26), compared with a profit of Rs 6.23 crore in Q1 FY25. This marks the company's first quarter earnings since Blackstone acquired a majority stake for Rs 1,800 crore, marking its entry into the Indian residential real estate sector. The company's revenue (from operations) also dipped by 75.82 per cent year-on-year (YoY) to Rs 82.36 crore. Its total expenses during the quarter under review stood at Rs 119.27 crore, down by 64.48 per cent YoY. Earlier, the real estate developer reported sales worth Rs 616 crore for Q1 FY26, down by 13.3 per cent YoY. It sold an area of 0.84 million square feet (msf) during Q1 FY26, down 12.5 per cent YoY. The company's sales during Q1 FY26 came from its sustenance sales and 0.53 msf of contribution from its Life Republic Integrated Township project in Pune. Kolte-Patil's sales realisation in Q1 FY26 also declined to Rs 7,337 per square foot, against the realisation of Rs 7,407 per square foot in Q1 FY25. The company's collections in Q1 FY26 declined by 10.1 per cent YoY, to Rs 550 crore. On a consolidated basis, the company's debt-equity ratio stood at 0.89 times as of 30 June 2025, compared with the ratio of 1.52 times as of 30 June 2024. On Tuesday (29 July), the company's board of directors also approved fundraising of up to Rs 250 crore through an issue of secured, rated, listed, redeemable non-convertible debentures of face value Rs 1 lakh each, on a private placement basis in one or more tranches. In June, BREP Asia III India Holding Co., a Blackstone entity, bought a 14.3 per cent stake in Kolte-Patil Developers for Rs 417.03 crore through a preferential allotment of shares. The entity will take another 25.7 per cent stake from the promoters' group for ₹750 crore. An open offer will be launched to acquire up to 26 per cent stake in Kolte-Patil Developers from public shareholders for ₹758.56 crore, the global investment firm had stated at the time of the transaction. The company has a pipeline of planned launches across Pune and Mumbai in the coming quarters, which is expected to drive growth in FY26. It is expecting the upcoming projects and sustenance inventory to drive sales as the year progresses.
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.
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Business Standard
23-06-2025
- Business
- Business Standard
Real estate institutional capital flows in H1CY25 decline by 37% Y-o-Y: JLL
JLL data shows institutional real estate investments declined to $3.1 billion in H1CY25 amid global uncertainty, with Blackstone's Kolte-Patil deal leading the pack Pune Institutional investments in real estate declined by 37 per cent year-on-year in H1CY25, totalling almost $3.1 billion (approximately $3.068 billion) across 30 deals, according to JLL. Investment transactions are experiencing extended timelines due to challenging international economic conditions and political uncertainties, with several capital deployment decisions likely shifting into 2026. 2024 marked a record year The calendar year 2024 saw investments reach a historic peak, marginally surpassing the previous record of $8.4 billion set in 2007. Blackstone leads with landmark transaction The standout transaction of 2025 has been Blackstone's significant entry into India's residential real estate sector, with approximately $214 million invested to acquire up to 66 per cent of Kolte-Patil Developers. 'A robust pipeline of deals exceeding $1 billion points to sustained activity ahead. The surge in activity from Reits and institutional players further highlights the maturity and depth of the Indian real estate investment landscape. The real estate market has consistently demonstrated its staying power, with annual investments surpassing the $5 billion threshold across the previous five years, and we anticipate that capital flows for calendar year 2025 will align with these established benchmarks,' said Lata Pillai, senior managing director and head of capital markets, India, JLL. Domestic capital gains ground Of the total institutional capital in the sector, domestic institutional participation accounted for a 32 per cent market share in H1CY25, while the remaining share came from foreign investors. In the past, the Americas have consistently been the highest contributors to investments. However, since 2023, there has been a significant decline in the share of investments from institutions domiciled in the US and Canada, JLL noted. APAC region leads inflows In H1CY25, the Asia-Pacific (APAC) region led investments with a 37 per cent share. MMR and Bengaluru collectively attracted 54 per cent of the total real estate investments. The residential segment accounted for 38 per cent of the total capital flow. 'Within residential investments, equity strategies commanded 58 per cent of capital flows in H1CY25, with debt instruments accounting for the remaining 42 per cent, extending the equity-focused approach that gained momentum in 2024,' said Dr Samantak Das, chief economist and head of research and REIS, India, JLL.
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Business Standard
11-06-2025
- Business
- Business Standard
Here's why Kolte-Patil Developers share is buzzing today, June 11; details
Kolte-Patil Developers share price: Real estate developer Kolte-Patil Developers share price rose as much as 3.21 per cent to hit an intraday high of ₹472 per share on Wednesday, June 11, 2025. At 11:00 AM, Kolte-Patil Developers shares were off day's high, and were trading 1.96 per cent to ₹466.25 per share. In comparison, BSE Sensex was trading 0.27 per cent higher at 82,613.62 levels. Why did Kolte-Patil Developers share price rise today? Shares of Kolte-Patil Developers rose on Wednesday after the Competition Commission of India (CCI) approved a proposal by BREP Asia III India Holding Co VII to acquire a 40 per cent stake in the company. BREP Asia III India Holding Co VII is an affiliate of funds managed by Blackstone Inc., a leading global alternative asset manager. The transaction will be carried out through a combination of share subscription and share purchase. As part of the deal, an open offer will also be made to public shareholders, as required under Sebi regulations, allowing them an opportunity to tender their shares. Depending on the response to the open offer, Blackstone's total shareholding in Kolte-Patil could potentially exceed 40 per cent. Earlier this year in March, Blackstone had expressed interest in acquiring up to a 66 per cent stake in the Pune-based developer, marking its strategic entry into India's residential real estate space. READ MORE Kolte-Patil Developers Q4 results Kolte-Patil Developers reported a consolidated net profit of ₹66.29 crore for the quarter ended March 2025 (Q4FY25), compared to a net loss of ₹26.18 crore in the same period last year (Q4FY24). The turnaround was driven by a rise in total income, which increased to ₹723.20 crore from ₹527.71 crore year-on-year. For the full financial year 2024-25, the company posted a net profit of ₹109.33 crore, reversing a net loss of ₹67.48 crore recorded in the previous year. Total income for the fiscal rose to ₹1,763.73 crore, up from ₹1,394.78 crore in 2023-24. About Kolte-Patil Developers Kolte-Patil Developers Ltd, incorporated in 1991 and headquartered in Pune, is a listed real estate company with a strong presence in the Pune residential market. The company is listed on both the NSE and BSE. Over the past three decades, it has developed more than 64 projects, including residential complexes, commercial spaces, and IT parks, covering a total saleable area of approximately 28 million square feet across Pune, Mumbai, and Bengaluru.
