Realty company Kolte-Patil Developers announced Q2FY26 results Strategic Investment: As an update, during the quarter funds affiliated with Blackstone completed their stake acquisition and currently hold 40% in the company. Business Development: In Oct’25, the company acquired 7.5-acre land parcel with an estimated saleable area of 1.9 million Sq. Ft. and a GDV of ~ Rs 1,400 crore. Sales Value at Rs 670 crore, up 9% QoQ. Collections at Rs 596 crore, up 8% QoQ. Realization at Rs 7,823 per sq. ft., up 7% QoQ. Total Income stood at Rs 162 crore. Rajesh Patil, Managing Director, Kolte-Patil Developers, said: “This quarter marked an important milestone in the company’s growth story with Blackstone joining the promoter group. As we embark on this new journey focused on long term value creation, several structural and organizational initiatives including Board and leadership level changes have been implemented to streamline decision-making, enhance operational discipline, and strengthen governance framework. Residential sector demand continues to be healthy, with strong traction across the mid-income and premium segments. Lifestyle aspirations, rising income, favorable policy measures like GST rationalization and interest rate moderation have added to the buoyancy in housing activity. This undercurrent is gaining momentum from the festive period and upcoming year-end holiday season. As the market evolves, Indian real estate is clearly transitioning towards being more organized, transparent, and customer-centric. We expect a period of steady, quality-led expansions underpinned by strong fundamentals, and a supportive regulatory environment. We reported healthy QoQ growth in Q2FY26, underscoring the strength of our operating model and sustained demand for high quality residential projects. Pre-sales at Rs 670 crore, improved to 9% QoQ, while collections increased 8% QoQ to Rs 596 crore. Average realizations increased by 7% QoQ to Rs 7,823 per sq. ft., supported by pricing power and strong traction in our 24K luxury portfolio. Demand at the company’s flagship integrated township, Life Republic, remained strong contributing 0.51 million sq. ft. of sales during the quarter. In the Mumbai Metropolitan Region (MMR), the company continues to make in-roads in new micro markets reinforcing its longterm growth strategy and complementing its established leadership position in Pune. We recently entered the Versova market with the launch of Serenova, a mid-luxury project, for which I am happy to share that we have received a very encouraging response. Kolte-Patil continues to expand its portfolio through strategic project and land acquisitions and currently has a total portfolio of ~37 million sq. ft. which includes unsold inventory, a strong development pipeline and land bank. Recently the company acquired a 7.5-acre land parcel in Bhugaon, Pune, which offers an estimated saleable area of 1.9 million sq. ft. and a Gross Development Value (GDV) of approximately Rs 1,400 crore. With growing demand accelerated by improving infrastructure, our foray into Bhugaon market aligns with our strategy of delivering well-planned, highly amenitized, high quality residential projects. About financial performance, it is important to note that we follow CCM based accounting method where revenue recognition is based on completion and possession. While H1 witnessed limited project completions and revenue recognition, I would like to share that construction for our under-development projects is on track to be completed within committed timelines and will reflect in the future financial performance. Looking ahead, this marks the beginning of a new and exciting chapter for Kolte-Patil. We are entering a new phase characterized by institutional strength, and the groundwork being laid today will yield results in the future. Our focus on disciplined execution, customer-centric innovation, and long-term value creation remains steadfast. We are confident of building a future-ready, sustainable, and high-performing enterprise capable of delivering consistent value across business cycles. I would like to thank all our stakeholders for their continued trust.” Result PDF
Realty company Kolte-Patil Developers announced Q1FY26 results Q1FY26 Sales Volume at 0.84 million sq. ft., up 5% QoQ Q1FY26 Sales Value stood at Rs 616 crore Q1FY26 Collections at Rs 550 crore On 23rd June 2025, BREP Asia III India Holding Co VII Pte. Ltd. acquired a 14.3% equity stake aggregating to Rs 417 crore infused in the Company Total income stood at Rs 96.8 crore in Q1FY26 compared to Rs 350.3 crore in Q1FY25 EBITDA Adjusted stood at Rs -11.2 crore in Q1FY26 compared to Rs 39.7 crore in Q1FY25 Adjusted PAT Margin stood at -17.6% in Q1FY26 compared to 1.8% in Q1FY25 Atul Bohra, Group CEO, Kolte-Patil Developers said, “It has been a steady start to FY26 with sales volumes of 0.84 million square feet, sales value of Rs. 616 crore, and collections of Rs. 550 crore. We continue to benefit from a favourable sectoral backdrop driven by strong consumer sentiment, growing home ownership aspirations and sustained preference for trusted, execution-focused developers. The easing monetary cycle, improving liquidity, and a stable macroeconomic environment are likely to further support growth. The outlook for India’s real estate sector remains optimistic. I am happy to share that during the quarter Blackstone Funds acquired 14.3% equity stake infusing Rs. 417 crore in the Company which will largely be used as growth capital. We are excited to embark on this journey with a shared vision to accelerate expansion, drive innovation, and reinforce leadership in the dynamic Indian real estate sector. A robust projects portfolio, healthy pipeline of launches across Pune and Mumbai, a strong balance sheet, and now also a scalable platform, we are confident of delivering sustainable growth and long-term value for all stakeholders.” Result PDF