Latest news with #Kolte-PatilDevelopers
Economic Times
5 days ago
- Business
- Economic Times
Buy Kolte-Patil Developers, target price Rs 480: HDFC Securities
Agencies Kolte-Patil Developers' key products/revenue segments include Income from Sale of Commercial Flats, Shops & Plots, Other Operating Revenue, Land and Scrap for the year ending 31-Mar-2023. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 723.20 crore, up 95.84% from last quarter Total Income of Rs 369.28 crore and up 37.04% from last year same quarter Total Income of Rs 527.71 crore. The company has reported net profit after tax of Rs 65.32 crore in latest quarter. The company's top management includes Patil, Navandar, Vanvari, Pendse, Watve, Joshi, Gurav, Patil, Kolte, Kolte, Patil, Patil, Barve. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 8 crore shares outstanding. Live Events Investment Rationale Kolte-Patil Developers reported a decent quarter with presales of 0.8msf (-22.3%/-1.2% YoY/QoQ), valued at Rs 6.3 billion (-15.1%/-7.2% YoY/QoQs), translating to an average realisation of Rs 7,888 psf (+9.3%/-6.0% YoY/QoQ). In FY25, KPDL launched projects worth Rs 40 billion (vs guidance of Rs 50 billion), with the miss largely attributable to approval delays and project phasing. We expect the Life Republic (LR) project to sustain its salesmomentum and strong cash flows, further improving the margin through better realizations. KPDL is also reassessing its launch pipeline strategy, while the pending Blackstone transaction signals the potential for future partnerships. The proactive management and expansion position the company for sustained growth. With strong cash flows, KPDL is a net cash positive company with comfortable liquidity. This may also pave the way for accelerated business development (BD) activity. Given strong BD and better than-expected price realisations (5-10% increase), HDFC Securities maintains BUY with a target price of Rs 480/share. Promoter/FII Holdings Promoters held 69.45 per cent stake in the company as of 31-Mar-2025, while FIIs owned 4.15 per cent, DIIs 5.59 per cent. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel HDFC Securities has a Buy call on Kolte-Patil Developers with a target price of Rs 480. The current market price of Kolte-Patil Developers is Rs 407.55. Kolte-Patil Developers, incorporated in 1991, is a Small Cap company with a market cap of Rs 3089.58 crore, operating in Real Estate Developers' key products/revenue segments include Income from Sale of Commercial Flats, Shops & Plots, Other Operating Revenue, Land and Scrap for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 723.20 crore, up 95.84% from last quarter Total Income of Rs 369.28 crore and up 37.04% from last year same quarter Total Income of Rs 527.71 crore. The company has reported net profit after tax of Rs 65.32 crore in latest company's top management includes Patil, Navandar, Vanvari, Pendse, Watve, Joshi, Gurav, Patil, Kolte, Kolte, Patil, Patil, Barve. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2025, the company has a total of 8 crore shares Developers reported a decent quarter with presales of 0.8msf (-22.3%/-1.2% YoY/QoQ), valued at Rs 6.3 billion (-15.1%/-7.2% YoY/QoQs), translating to an average realisation of Rs 7,888 psf (+9.3%/-6.0% YoY/QoQ). In FY25, KPDL launched projects worth Rs 40 billion (vs guidance of Rs 50 billion), with the miss largely attributable to approval delays and project phasing. We expect the Life Republic (LR) project to sustain its salesmomentum and strong cash flows, further improving the margin through better realizations. KPDL is also reassessing its launch pipeline strategy, while the pending Blackstone transaction signals the potential for future partnerships. The proactive management and expansion position the company for sustained growth. With strong cash flows, KPDL is a net cash positive company with comfortable liquidity. This may also pave the way for accelerated business development (BD) activity. Given strong BD and better than-expected price realisations (5-10% increase), HDFC Securities maintains BUY with a target price of Rs 480/ held 69.45 per cent stake in the company as of 31-Mar-2025, while FIIs owned 4.15 per cent, DIIs 5.59 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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
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Business Standard
26-05-2025
- Business
- Business Standard
Kolte-Patil Developers Q4 results: PAT of ₹66.29 cr on strong income growth
Realty firm Kolte-Patil Developers Ltd has posted a consolidated net profit of Rs 66.29 crore for the quarter ended March on higher income. Pune-based Kolte-Patil Developers Ltd had posted a net loss of Rs 26.18 crore in the year-ago period. Total income increased to Rs 723.20 crore in the fourth quarter of the last fiscal from Rs 527.71 crore in the corresponding period of the preceding year, according to a regulatory filing. During the full 2024-25, the company's net profit stood at Rs 109.33 crore as against a net loss of Rs 67.48 crore in the preceding year. Total income rose to Rs 1,763.73 crore last fiscal from Rs 1,394.78 crore in 2023-24. Kolte-Patil Developers has built over 68 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of more than 30 million square feet across Pune, Mumbai and Bengaluru.
