Kolte-Patil Q1 Sales Reach Rs 6.16 Billion

30 Jul 2025 CW Team

Kolte-Patil Developers Ltd., a leading real estate developer based in Pune with a growing presence in Mumbai and Bengaluru, has announced its unaudited financial results for the quarter ended 30 June 2025 (Q1 FY26).

The company recorded sales of 0.84 million sq. ft., generating a sales value of Rs 6.16 billion and total collections of Rs 5.5 billion. While sales value declined 2.3 per cent quarter-on-quarter (QoQ) and 13.3 per cent year-on-year (YoY), volumes rose 5.2 per cent QoQ but fell 12.5 per cent YoY. Realisations stood at Rs 7,337 per sq. ft., down 7.2 per cent QoQ and 0.9 per cent YoY.

On the financial front, total income for Q1 FY26 stood at Rs 968 million, with an adjusted EBITDA loss of Rs 112 million, reflecting an EBITDA margin of negative 11.6 per cent. The company reported a net loss (post-MI) of Rs 170 million and a PAT margin of negative 17.6 per cent.

Group CEO Mr Atul Bohra commented, “It has been a steady start to FY26. Despite macro headwinds, consumer sentiment remains strong, and we are well-positioned to benefit from continued demand for high-quality homes. The easing monetary cycle and stable macroeconomic conditions are expected to support future growth.”

He added, “During the quarter, Blackstone Funds acquired a 14.3 per cent stake in the company with an infusion of Rs 4.17 billion, which will be utilised as growth capital. With a robust project pipeline, solid balance sheet, and now a scalable platform, we are confident of delivering long-term value.”

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