Kolte-Patil Developers Ltd. announced its unaudited financial results for the first quarter ended 30th June 2026. The company reported record quarterly performance with several key financial and operational metrics.
Financial Highlights
- Total Income: Rs. 937 crore (record high)
- EBITDA: Rs. 206 crore with 22% margin
- PAT (Post MI): Rs. 146 crore with 16% margin
- Collections: Rs. 715 crore, up 30% YoY
- Pre-Sales Value: Rs. 617 crore
- Average Realization: Rs. 9,442 per sq. ft., up 29% YoY
Operational Highlights
- Area Completed: ~1.27 million sq. ft. across projects in Pune and Mumbai
- Launches: 0.78 million sq. ft. of saleable area
- Project Contributions: Life Republic township (Pune) contributed 34% and MMR region contributed 30% to overall sales
Business Development
The company announced a landmark expansion in Mumbai with the signing of six redevelopment projects:
- Total GDV: ~Rs. 6,000 crore
- Locations: Mumbai's Western and Central suburbs and Navi Mumbai
- Timeline: Expected to be launched over next 6 to 12 months, subject to requisite approvals
- Significance: Largest annual business development addition in Mumbai to date
Management Commentary
Mr. Rajesh Patil, Managing Director, commented that the company began FY27 in a measured residential real estate market where premium housing performed well and customers favored established developers with proven execution track record. He highlighted that the strategic partnership with Blackstone has enabled focus on scaling the business through larger project opportunities with a calibrated mix of formats across residential segments.
Company Background
Kolte-Patil Developers Limited, incorporated in 1991, is a leading real estate company with dominant presence in Pune residential market and diversified presence in Mumbai and Bengaluru. The company has developed over 68 projects covering >33 million square feet across Pune, Mumbai and Bengaluru, including residential complexes, integrated townships, commercial complexes, and IT Parks.
Credit Ratings
The Company's long-term bank debt has been rated 'AA-/Stable', short-term bank loan facilities as 'A1+' and non-convertible debentures as 'AA-/Stable' by CRISIL.