Kolte-Patil Developers Ltd

Kolte Patil Developers will hold a meeting of the Board of Directors of the Company on 24 May 2025.Powered by Capital Market - Live

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 company's 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. Powered by Capital Market - Live

Kolte Patil Developers (KPDL) has forged a transformative strategic partnership with global investment giant Blackstone. This partnership is a pivotal milestone in KPDL's growth trajectory, positioning the company to leverage Blackstone's global expertise and financial strength to accelerate expansion, drive innovation, and reinforce its leadership in the dynamic Indian real estate sector. Blackstone will acquire up to 66% stake in KPDL for a commitment of Rs 1,800 crore. KPDL will allot ~1.27 crore equity shares (14.3%) to Blackstone Real Estate funds, raising Rs. 417.03 crore. Blackstone Real Estate funds will acquire 25.7% of KPDL's post-issue equity share capital from existing promoters. Following the transaction, Blackstone Real Estate funds will hold approximately 40% ownership in KPDL. Simultaneously, Blackstone Real Estate funds will acquire additional up to 26% from the public through an open offer.Powered by Capital Market - Live

Kolte Patil Developers announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 April 2025.Powered by Capital Market - Live

The Board of Kolte Patil Developers at its meeting held on 13 March 2025 has approved the Execution of the following transaction documents: (i) Share Subscription Agreement between the Company, BREP Asia III India Holding Co VII Pte. (Acquirer) and Rajesh Anirudha Patil, Naresh Anirudha Patil, Milind Digambar Kolte, Yashvardhan Rajesh Patil and Harshavardhan Naresh Patil (Promoters) in relation to the Preferential Issue of the Subscription Shares to the Acquirer on the terms and conditions contained therein; (ii) Share Purchase Agreement between the Acquirer, the Company and Rajesh Anirudha Patil, Naresh Anirudha Patil, Milind Digambar Kolte, Sunita Rajesh Patil, Vandana Naresh Patil, Sunita Milind Kolte, Yashvardhan Rajesh Patil, Ankita Rajesh Patil, Harshavardhan Naresh Patil, and Priyanjali Naresh Patil (Sellers) for the Acquirer to acquire from the Sellers equity shares constituting 25.7%' of the paid-up post-issue equity share capital of the Company on the terms and conditions contained therein; and' (iii) Shareholders' Agreement between the Acquirer, the Company and the Sellers (Existing Promoter Group) to record the terms and conditions governing the inter-se rights and obligations of the Acquirer and the Existing Promoter Group as shareholders of the Company including in relation to the management and governance of the Company (Shareholders' Agreement). Powered by Capital Market - Live

The Board of Kolte Patil Developers at its meeting held on 13 March 2024 has approved the preferential allotment of 1,26,75,685 equity shares (14.3% equity stake) of face value of Rs 10 each at an issue price of Rs 329 per share aggregating to Rs 417.03 crore to BREP Asia III India Holding Co VII Pte. (Acquirer), for cash consideration on private placement basis. Powered by Capital Market - Live

Kolte Patil Developers will hold a meeting of the Board of Directors of the Company on 13 March 2025.Powered by Capital Market - Live

Kolte Patil Developers will hold a meeting of the Board of Directors of the Company on 13 March 2025.Powered by Capital Market - Live

Net profit of Kolte Patil Developers reported to Rs 25.30 crore in the quarter ended December 2024 as against net loss of Rs 62.89 crore during the previous quarter ended December 2023. Sales rose 361.37% to Rs 349.67 crore in the quarter ended December 2024 as against Rs 75.79 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales349.6775.79 361 OPM %7.31-52.98 - PBDT39.30-63.06 LP PBT35.90-67.24 LP NP25.30-62.89 LP Powered by Capital Market - Live

Kolte Patil Developers has signed a joint development deal for a residential /mixed used project located at Wadgaon Khurd, on Sinhagad road, Pune. The project with the total potential saleable area of ~5 million square feet has an expected Gross Developable Value (GDV) of ~Rs. 4,000 crore. Spread over ~22 acres within Pune Municipal Corporation Limit, this land is strategically located in South-West part of Pune and boasts scenic surroundings and seamless connectivity to CBD Pune and West-Pune zone. It offers breathtaking views of the Mutha River to the north, a serene garden reservation to the south ensuring an unobstructed view, and a 90-meter proposed ring road alongside park reservations to the west. The project has well-established access to social infrastructure, with schools, hospitals, shopping malls and entertainment hubs conveniently located within a 2-kilometer radius. Powered by Capital Market - Live