Kolte-Patil Developers Limited submitted an operational update for Q2 and H1 FY27 to the National Stock Exchange of India Limited and BSE Limited.

Financial Performance Metrics

Sales Performance:

  • Q2 FY27 Sales Value: ₹1,019 crore (up 52% YoY from ₹670 crore in Q2 FY26)
  • H1 FY27 Sales Value: ₹1,636 crore (up 27% YoY from ₹1,286 crore in H1 FY26)
  • Q2 FY27 Realization: ₹7,829 per sq. ft. (compared to ₹7,823 per sq. ft. in Q2 FY26)
  • H1 FY27 Realization: ₹8,368 per sq. ft. (up 10% YoY from ₹7,582 per sq. ft. in H1 FY26)

Collections Performance:

  • Q2 FY27 Collections: ₹795 crore (up 33% YoY from ₹596 crore in Q2 FY26)
  • H1 FY27 Collections: ₹1,509 crore (up 32% YoY from ₹1,146 crore in H1 FY26)

Operational Highlights

Record Sales Achievement:

  • Achieved highest-ever quarterly sales of ₹1,019 crore in Q2 FY27
  • Achieved highest-ever half-yearly sales of ₹1,636 crore in H1 FY27

Project Launch Performance:

  • Launched approximately 1 million sq. ft. at 'Vyana at The Reserve' in Vadgaon, Pune during Q2 FY27
  • Generated sales of ₹616 crore from this launch, marking the strongest launch performance in company history

Business Development Expansion:

  • Signed six redevelopment projects in Mumbai Metropolitan Region (MMR)
  • Projects located across Mumbai's Western and Central suburbs and Navi Mumbai
  • Estimated combined gross development value (GDV) of ₹6,000 crore
  • Represents company's largest annual business development addition in Mumbai to date

Management Commentary

CEO Hrishikesh Parandekar commented on the performance, noting:

  • Robust performance reflects business resilience
  • Strong customer response to product proposition and established presence in Pune
  • Near-term demand softening across broader market, particularly in Pune
  • Long-term fundamentals remain favorable driven by urbanization and rising aspirations
  • Sector witnessing consolidation with established developers well positioned
  • Company strengthened management team and organizational capabilities over past year
  • Strategic focus on deepening market presence and expanding development portfolio

Company Background

Kolte-Patil Developers Limited, incorporated in 1991, is a leading real estate developer with presence across Mumbai, Pune and Bengaluru. In FY26, the company entered into a strategic partnership with Blackstone, which acquired a 40% stake through preferential allotment and secondary equity share acquisition. The company has developed over 82 projects covering more than 34 million square feet and markets projects under two brands: 'Kolte-Patil' (mid-premium/premium segment) and '24K' (premium luxury segment).