Kolte-Patil FY26 Pre-Sales ₹2,605 Cr Despite Net Loss

Date: 22 May 2026

Operational Highlights

Q4 FY26 Performance

Pre-Sales: ₹714 crore (Q4 FY25: ₹631 crore)
Pre-Sales Volume: 0.74 million sq ft (Q4 FY25: 0.80 million sq ft)
Average Price Realization: ₹9,601 per sq ft (Q4 FY25: ₹7,904 per sq ft)
Collections: ₹834 crore (Q4 FY25: ₹704 crore)
Operating Cash Flow: ₹231 crore (Q4 FY25: ₹239 crore)
Launches: 1 million sq ft

FY26 Annual Performance

Pre-Sales: ₹2,605 crore (FY25: ₹2,791 crore)
Pre-Sales Volume: 3.13 million sq ft (FY25: 3.60 million sq ft)
Average Price Realization: ₹8,314 per sq ft (FY25: ₹7,758 per sq ft)
Collections: ₹2,689 crore (FY25: ₹2,432 crore) - highest ever annual collections
Operating Cash Flow: ₹791 crore (FY25: ₹880 crore)
Launches: 4.6 million sq ft
Business Development: Added projects with estimated GDV of ~₹2,250 crore

Strategic Development

In Q2 FY26, funds affiliated with Blackstone completed a phased equity investment and currently hold a 40% stake in the Company
October 2025: Acquired ~7.5 acre land parcel in Bhugaon (Sector 1A), Pune with estimated saleable area of ~1.9 million sq ft and GDV of ~₹1,400 crore
January 2026: Signed joint development agreement for ~5 acre residential project in Bhugaon (Sector 1B), Pune with estimated saleable area of ~1.1 million sq ft and GDV of ~₹850 crore

Financial Highlights

FY26 Financial Performance (Consolidated)

| Particulars | FY26 | FY25 | Q4 FY26 | Q4 FY25 |

| Total Income* | ₹802.5 Cr | ₹1,763.7 Cr | ₹262.2 Cr | ₹723.2 Cr |

| Adj. EBITDA** | ₹14.7 Cr | ₹227.3 Cr | ₹7.7 Cr | ₹111.9 Cr |

| Adj. EBITDA Margin | 1.8% | 12.9% | 3.0% | 15.5% |

| PAT (Post MI) | (₹38.7 Cr) | ₹106.6 Cr | (₹15.8 Cr) | ₹65.3 Cr |

| PAT Margin | (4.8%) | 6.0% | (6.0%) | 9.0% |

| Networth | ₹1,207 Cr | ₹830 Cr | - | - |

| Gross Debt | ₹1,142 Cr | ₹1,109 Cr | - | - |

| Less: OCD/Zero Coupon NCDs | ₹669 Cr | ₹633 Cr | - | - |

| Less: Cash & Cash Equivalents & Current Investments | ₹976 Cr | ₹481 Cr | - | - |

| Net Debt | (₹503 Cr) | (₹5 Cr) | - | - |

*Total Income = Revenue from Operations + Other income

**EBITDA = PBT after share of profit/(loss) of associates, joint ventures + Finance Cost + Depreciation + Goodwill

Cash Flow Analysis - FY26

Operating Cashflow: ₹791 crore
Construction Cost: (₹1,333 crore)
Other Expenses: (₹309 crore)
Direct & Indirect Taxes: (₹250 crore)
Financing Activities: ₹214 crore
Interest: (₹56 crore)
OD/CC Movement: (₹9 crore)
OCD/Zero Coupon NCD (Redemption)/Subscription: (₹82 crore)
Dividend: (₹37 crore)
Equity Subscription: ₹397 crore
Investing Activities: (₹521 crore)
TDR/Premium Costs/Approval Cost/New Business Development: (₹264 crore)
JV Partner/Land Cost/PE Payout: (₹257 crore)
Closing Balance: ₹1,174 crore (includes ₹93.71 crore pertaining to associate companies not consolidated and ₹34.55 crore in bank deposits with maturities >12 months)

Credit Rating

The Company's long-term bank debt & NCDs have been assigned 'CRISIL AA-/Stable' rating.

Project Portfolio

Overall Portfolio Summary

Total Project Portfolio: ~37 million sq ft with top-line potential of ~₹29,300 crore
Breakdown:
Ongoing and unsold: 4.7 million sq ft
Under approval: 7.6 million sq ft
Land bank: 24.4 million sq ft
Geographical Distribution:
Pune: 34.8 million sq ft (₹25,700 crore potential)
Mumbai: 1.7 million sq ft (₹3,400 crore potential)
Bengaluru: 0.23 million sq ft (₹200 crore potential)

Pune Project Details (as of 31.03.26)

| Life Republic, Hinjewadi | 100%* | 3.3 | 1.3 | 11.8 | 16.4 |

| 24K Altura, Baner | 100% | 0.4 | - | - | 0.4 |

| 24K Manor, Pimple Nilakh | 100% | 0.2 | - | - | 0.2 |

| Little Earth, Kiwale** | 100% | 0.3 | 0.9 | - | 1.2 |

| Giga Platinum, Viman Nagar | 100% | - | 0.7 | - | 0.7 |

| Springshire, Wagholi | 100% | 0.2 | - | - | 0.2 |

| NIBM | 67% | - | 1.0 | - | 1.0 |

| Ghotawade | 50% | - | - | 3.2 | 3.2 |

| Downtown, Kharadi | 100% | - | 1.1 | - | 1.1 |

| Aundh | 100% | - | - | 1.0 | 1.0 |

| Kalyani Nagar | 100% | - | - | 1.0 | 1.0 |

| Wadgoan Khurd | 72% | - | 1.8 | 3.2 | 5.0 |

| Bhugaon 1A | 100% | - | - | 1.9 | 1.9 |

| Bhugaon 1B | 70% | - | - | 1.1 | 1.1 |

| Boat Club Road | 100% | - | - | 0.4 | 0.4 |

*With effect from Oct. 2023

**Includes 0.02 million sq ft area of Little Earth, Kiwale (Planet)

Mumbai Project Details (as of 31.03.26)

La-Vita (B3), Vashi: 50% share, 0.06 million sq ft ongoing & unsold
Laxmi Ratan (Serenova), Versova: 100% share, 0.06 million sq ft ongoing & unsold
Jal Mangal Deep, Goregaon: 100% share, 0.19 million sq ft ongoing & unsold

Bengaluru Project Details (as of 31.03.26)

24K Grazio, Koramangala: 100% share, 0.21 million sq ft under approval
Lakeside 24, Hennur Road: 100% share, 0.02 million sq ft ongoing & unsold

Business Outlook

Strategic Priorities

Strengthening leadership position through Blackstone partnership
Operational excellence through faster approvals, sales, and construction
Prudent investments in technology to reduce construction timelines
Strong digital connect as incremental sales channel
Strengthening leadership team and Board

Capital Allocation Strategy

Prudent financial policies maintaining low debt levels
Capital-efficient growth through asset light development models including JVs/JDAs and redevelopment opportunities

Growth Targets

Targeting growth across Pune, Mumbai and Bengaluru
Current portfolio: ~37 million sq ft saleable potential
FY26 launches: 4.6 million sq ft
FY26 acquisitions: ~3 million sq ft saleable area with aggregate GDV of ~₹2,250 crore

Market Outlook

Current geo-political environment may soften demand sentiment temporarily
Softer interest rates and pro-growth policies expected to sustain housing demand
Urbanization beyond metros broadening economic base
Regulatory reforms accelerating shift toward organized players
Increasing institutional participation driving sector formalization

Board of Directors

Mr. Girish Vanvari - Chairman of the Board, Non-Executive - Independent Director
Mr. Asheesh Mohta - Non-Executive - Non-Independent Director
Mr. Rajesh Patil - Managing Director
Mr. Dalip Sehgal - Non-Executive - Non-Independent Director
Ms. Avani Davda - Non-Executive - Independent Director
Mr. Mohit Arora - Non-Executive - Non-Independent Director

Awards & Recognitions

KPDL received 60+ awards in the last five years including:

Residential Project - Township (West: Ongoing) - Life Republic, The ET Real Estate Awards 2026
Residential Project Villa - 24K Espada Project at Life Republic - The ET Real Estate Awards 2025
Luxury Project Of The Year - 24k Manor - The Golden Brick Awards, Dubai - May 2024
Legacy Brand in Real Estate – Pune, Times Power Brands, 2023
Architecture Residential High Rise Architecture India - 24K Manor - Asia Pacific Property Awards – '25- '26
Marketing Campaign of the Year for Qrious - Golden Bricks Awards Dubai 2025