Kolte-Patil Developers Ltd

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 company's 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. Powered by Capital Market - Live

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 company's 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 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. Powered by Capital Market - Live

Net profit of Kolte Patil Developers reported to Rs 65.29 crore in the quarter ended March 2025 as against net loss of Rs 27.11 crore during the previous quarter ended March 2024. Sales rose 36.53% to Rs 718.67 crore in the quarter ended March 2025 as against Rs 526.38 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 106.56 crore in the year ended March 2025 as against net loss of Rs 69.35 crore during the previous year ended March 2024. Sales rose 25.22% to Rs 1717.38 crore in the year ended March 2025 as against Rs 1371.48 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales718.67526.38 37 1717.381371.48 25 OPM %14.80-4.01 -10.241.30 - PBDT105.51-40.78 LP 185.44-56.68 LP PBT101.26-44.63 LP 171.17-70.87 LP NP65.29-27.11 LP 106.56-69.35 LP Powered by Capital Market - Live

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