Realty company Kolte-Patil Developers announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue from Operations: Rs 308.3 crore compared to Rs 198.2 crore during Q2FY24, change 55.6% YoY. EBITDA: Rs 16.2 crore compared to Rs 3.5 crore during Q2FY24, change 364.7%. EBITDA Margin: 5.2% for Q2FY25. PAT: Rs 9.7 crore compared to Rs -25.3 crore during Q2FY24, change 138.5% PAT margin: 3.2% for Q2FY25. H1FY25 Financial Highlights: Revenue from Operations: Rs 649.0 crore compared to Rs 769.3 crore during H1FY24, change -15.6% YoY. EBITDA: Rs 43.9 crore compared to Rs 94.6 crore during H1FY24, change -53.6%. EBITDA Margin: 6.8% for H1FY25. PAT: Rs 16.0 crore compared to Rs 20.7 crore during H1FY24, change -22.7% PAT margin: 2.5% for H1FY25. Atul Bohra, Group CEO, Kolte-Patil Developers, said: “I am happy to share that we have delivered a strong Q2FY25, achieving highest-ever quarterly pre-sales of Rs 770 crore, setting a new benchmark for growth. The complement of offerings across segments and preferences have enabled us to continue on this strong growth trajectory. Sales contribution from our 24K luxury segment stood at 30% of the quarter's pre-sales value reflecting the sustained demand for premium and aspirational living and a clear preference for high-quality residences. Sales momentum at our Life Republic township project remains strong, further reinforcing our leadership in the Pune market. Collections stood at Rs 550 crore in Q2 and reached new highs of Rs 1,162 crore in H1FY25 on the back of robust sales and timely execution of projects. Looking ahead, we are excited about our robust launch pipeline planned for the second half, comprising a diverse range of projects across micro-markets. These launches along with sustenance inventory position us well to achieve our growth target. The real estate sector is currently benefiting from strong tailwinds, especially within the mid-premium and premium segments. Expected softening of the interest rates will further strengthen demand.We are equipped with a highpotential project portfolio, consistent cash generation, and deep customer connect to capitalize on this growing opportunity. As we progress through the remainder of the year, we remain confident in closing FY25 on a strong note, delivering long term sustainable value for our stakeholders.” Result PDF
Realty company Kolte-Patil Developers announced Q1FY25 results: Q1 FY25 sales value stood at Rs 711 crore Q1 FY25 sales volumes stood at 0.96 million sq. ft. Highest-ever quarterly collections at Rs 612 crore, up 19% YoY Q1 FY25 Revenues at Rs 341 crore Q1FY25 EBITDA at Rs 28 crore Commenting on the performance for Q1 FY25, Atul Bohra, Group CEO, Kolte-Patil Developers said, "In a rapidly evolving real estate industry, we have been persistent in delighting customers with product offerings that enrich their lifestyle resulting in pre-sales of Rs 711 crore and volumes of 0.96 million square feet for the quarter. Strong execution and timely deliveries resulted in our highest-ever quarterly collections of Rs 612 crore, marking a 19% year-on-year growth. Sustaining the sales momentum, our flagship Life Republic project in Pune recorded sales volumes of 0.46 million square feet in Q1 FY25. For the year till date we have launched projects with saleable area of close to 2 million square feet translating into top-line potential of about Rs 1,500 crore across customer segments. I am glad to share that all the projects are receiving encouraging response from the market. The launches schedule is largely on track and we hope to be able to launch projects with top-line potential of Rs 8,000 crore during the current financial year. The underlying structural demand drivers remain strong, as customers continue to favour developers and projects that offer reliability, credibility, and a proven track record. The focus on housing, infrastructure development, and urban planning is expected to provide sustained support to the housing sector. With a growing project development pipeline, under-borrowed Balance Sheet, a validated governance structure, and a strong brand connect associated with trust, we believe that Kolte-Patil is attractively placed to deliver sustainable growth across the coming years." Result PDF