Kolte-Patil Posts FY26 Results After Blackstone Stake

26 May 2026 CW Team

Kolte-Patil Developers Limited (KPDL) reported audited results for the fourth quarter and full year ended 31 March 2026. The company said Blackstone acquired a 40 per cent strategic stake in FY26 and that the year involved structural changes to strengthen governance, leadership and capital allocation.

KPDL added projects with aggregate gross development value of about Rs. 22.5 bn and approximately three million square feet (mn sq ft) of saleable area. In October twenty twenty-five it acquired a seven point five acre parcel in Bhugaon with an estimated saleable area of one point nine mn sq ft and a GDV of about Rs. 14.0 bn, and in January twenty twenty-six it signed a joint development agreement for a five acre site with saleable area of one point one mn sq ft and a GDV near Rs. eight point five bn. With these additions the portfolio was said to be roughly 37 mn sq ft.

KPDL reported FY26 sales of Rs. 26.05 bn and Q4 sales of Rs. seven point one four bn. Annual collections rose to Rs. 26.89 bn, up 11 per cent, while Q4 collections were Rs. eight point three four bn, up 18 per cent. Realisation averaged Rs. 8,314 per sq ft for FY26, up seven per cent, and was Rs. 9,601 per sq ft in Q4, up 21 per cent. Total income for FY26 was Rs. eight point zero three bn and Q4 total income was Rs. two point six two bn.

Management noted that accounting under the percentage of completion method affects timing of revenue recognition and contributed to muted reported profitability. The company said Life Republic contributed about one point seven eight mn sq ft of sales and that launches totalling four point six mn sq ft occurred later in the year. Management added that a strengthened balance sheet, a robust launch calendar and the institutional partnership position KPDL to manage near-term volatility and pursue long-term value creation.

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