Kolte-Patil Q1 FY27 Net Profit Jumps to ₹159 Crore

Revenue from operations: ₹88,195 lakhs (₹881.95 crore)
Other income: ₹2,941 lakhs
Total income: ₹91,136 lakhs
Profit before tax: ₹21,219 lakhs
Tax expense: ₹5,322 lakhs (Current tax: ₹3,517 lakhs, Deferred tax: ₹1,805 lakhs)
Profit for the period: ₹15,897 lakhs (₹158.97 crore)
Earnings per share (EPS): Basic ₹17.93, Diluted ₹17.93
Paid-up equity share capital: ₹8,868 lakhs (Face value ₹10 each)

Stock exchanges: National Stock Exchange of India Limited, BSE Limited
Statutory auditors: S R B C & CO LLP (ICAI Firm Registration Number: 324982E/E300003)
Auditor signatory: Mustafa M Saleem, Partner (Membership No.: 136969)
Company signatory: Vinod Eknath Patil, Company Secretary and Compliance Officer

NCD Redemptions: The company fully redeemed:
11,090 secured, listed NCDs (aggregating ₹11,090 lakhs) subscribed by Marubeni Corporation, issued on December 22, 2023
14,000 secured, unlisted NCDs (aggregating ₹14,000 lakhs) subscribed by India Realty Excellence IV, issued on April 10, 2023
Both redemptions included repayment of outstanding principal with applicable redemption premium

The company has four series of listed secured Non-Convertible Debentures outstanding:

INE094107049: 20,650 NCDs, outstanding principal ₹10,451 lakhs, security cover 1.44x
INE094107072: 13,377 NCDs, outstanding principal ₹5,591 lakhs, security cover 1.56x
INE094107080: 13,996 NCDs, outstanding principal ₹12,910 lakhs, security cover 1.13x
INE094107098: 10,994 NCDs, outstanding principal ₹10,048 lakhs, security cover 1.09x

Audit Committee: Mr. Girish Vanvari (Independent Director) appointed as Chairman. Committee composition:
Girish Vanvari (Chairman, Independent Director)
Avani Davda (Member, Independent Director)
Mohit Arora (Member, Non-Executive Non-Independent Director)

Nomination and Remuneration Committee: Mr. Mohit Arora appointed as Member replacing Mr. Asheesh Mohta. Committee composition:
Avani Davda (Chairperson, Independent Director)
Girish Vanvari (Member, Independent Director)
Mohit Arora (Member, Non-Executive Non-Independent Director)

The financial results were reviewed by the Audit Committee and approved by the Board of Directors
The results were subjected to review by the Statutory Auditors
The company is predominantly engaged in the real estate business with no separate reportable operating segments
The comparative period for June 30, 2025 has been restated due to the amalgamation of Kolte-Patil Integrated Townships Limited (wholly-owned subsidiary) with the company, effective October 31, 2025
The Board has approved a draft Scheme of Amalgamation involving Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited (wholly-owned subsidiaries) with the company, with appointed date of April 1, 2026, subject to regulatory approvals

The review was conducted in accordance with Standard on Review Engagements (SRE) 2410
The auditors concluded that nothing came to their attention suggesting material misstatement
Emphasis was placed on the restatement of comparative figures due to the amalgamation
The review included reliance on reports of other auditors for partnership entities and limited liability partnerships