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Kolte - Patil Developers Limited · KOLTEPATIL
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Kolte-Patil Developers Limited has announced its operational update for Q2 & H1 FY27, reporting record quarterly and half-yearly sales, with sales reaching Rs. 1,019 crore in Q2 FY27, up 52% YoY, and Rs. 1,636 crore in H1 FY27, up 27% YoY. The company also achieved its strongest-ever launch performance with the launch of 'Vyana at The Reserve' in Pune, generating sales of Rs. 616 crore. Additionally, the company has signed six redevelopment projects in Mumbai with an estimated combined gross development value of Rs. 6,000 crore.
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Kolte - Patil Developers Limited has informed the Exchange regarding 'Operational Update for Q2 & H1 FY27'.
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KOLTEPATIL_13102026075428_SubmissionoperationalQ2.pdf
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To, To,
The Assistant Manager, The General Manager,
National Stock Exchange of India Limited BSE Limited,
Listing Department, ‘Exchange Plaza’, Corporate Relationship Department,
Bandra Kurla Complex, 1st floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Dalal Street,
Mumbai – 400051 Mumbai – 400001
Date: 13 October 2026
Subject: - Operational Update for Q2 & H1 FY27
ISIN: Equity: INE094I01018 and Debt: INE094I07049, INE094I07072, INE094I07080 and
INE094I07098
Ref: NSE Symbol and Series: KOLTEPATIL and EQ
BSE Code and Scrip Code - Equity: 9624 and 532924
BSE Security Code and Security Name – Debt: 1. 974771 and KPDLZC33
2.976030 and 0KPDL34
3. 977231 and KPDL161025
4. 977351 and 0KPDL35
Dear Sir/Madam,
Please find attached herewith operational update for Q2 & H1 FY27.
This is for your information and record.
Thanking you,
For Kolte-Patil Developers Limited
Vinod Patil
Company Secretary and Compliance Officer
Membership No. A13258
Encl: As above.
KOLTE-PATIL DEVELOPERS LTD.
CIN : L45200PN1991PLC129428
Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune - 411001, Maharashtra, India. Tel.: + 91 20 6742 9200 / 6742 9201
Bangalore Office: 121, The Estate Building, 10th floor, Dickenson Road, Bangalore 560042, India. Tel.: 080- 4662 4444 / 2224 3135/ 2224 2803
Web.: www.koltepatil.com Email id: info.kpdl@koltepatil.com
Kolte-Patil Developers Limited - Operational Update for Q2 & H1 FY27
New Milestones Achieved
Highest-ever quarterly sales: Rs. 1,019 crore in Q2 FY27, up 52% YoY
Highest-ever half-yearly sales: Rs. 1,636 crore in H1 FY27, up 27% YoY
Strongest-ever launch performance: ‘Vyana at The Reserve’, Pune, with sales of Rs. 616 crore
Landmark Mumbai expansion: Signed six projects totalling Rs. 6,000 crore in GDV
Pune, October 13, 2026: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), one of
India’s leading real estate developers with a strong foothold across Mumbai, Pune and Bengaluru, today
announced its operational performance for the quarter ended 30th September 2026.
Summary of Operational Performance:
Particulars Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY
Sales Value (Rs. crore) 1,019 670 52% 1,636 1,286 27%
Realization (Rs./sq. ft.) 7,829 7,823 - 8,368 7,582 10%
Collections (Rs. crore) 795 596 33% 1,509 1,146 32%
Key Operational Highlights:
• Record Quarterly and Half-Yearly Sales
o KPDL recorded its highest-ever quarterly sales of Rs. 1,019 crore in Q2 FY27, up 52% year-on-year.
For H1 FY27, sales reached a record Rs. 1,636 crore, up 27% year-on-year.
• Strongest-Ever Launch performance
o During Q2 FY27, the Company launched approximately 1 million sq. ft. at ‘Vyana at The Reserve’
in Vadgaon, Pune. The project generated sales of Rs. 616 crore, marking the strongest launch
performance in the Company’s history and reflecting strong customer response to KPDL’s product
proposition and established presence in Pune.
• Robust Half-Yearly Collections
o Collections grew 33% year-on-year to Rs. 795 crore in Q2 FY27.
o For H1 FY27, collections reached Rs. 1,509 crore, up 32% year-on-year, reflecting sustained
collections momentum across the portfolio.
Page 1 of 3
• Improved Average Realization
o Average realization for H1 FY27 increased 10% year-on-year to approximately Rs. 8,368 per sq.
ft., supported by strategic price revisions across projects and a higher contribution from Mumbai
projects compared with the corresponding period last year.
• Business Development: Landmark Mumbai expansion
o The Company strengthened its Mumbai Metropolitan Region (MMR) portfolio with the addition
of six redevelopment projects across Mumbai’s Western and Central suburbs and Navi Mumbai,
with an estimated combined gross development value (GDV) of Rs. 6,000 crore. This represents
KPDL’s largest annual business development addition in Mumbai to date and reinforces the
region’s importance to its growth strategy. The additions expand the Company’s presence across
key urban markets and reflect its focus on development opportunities in high-demand micro-
markets.
Commenting on the performance, Mr. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil
Developers Limited said,
“Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections,
reflects the resilience of our business. The landmark launch of ‘Vyana at The Reserve’ and sustained sales
across our ongoing portfolio demonstrate our brand’s appeal and the relevance of our offerings.
While demand has softened in the near term across the broader market, particularly in Pune, we have
continued to deliver strong business momentum. The long-term fundamentals of India’s residential real estate
market remain favourable, driven by urbanisation, rising aspirations and an increasing preference for quality
housing. The sector is also witnessing consolidation, with established developers well positioned to benefit
from evolving homebuyer preferences. With an established presence across Mumbai, Pune and Bengaluru,
we see significant opportunities to deepen our market presence and expand our development portfolio. The
addition of six redevelopment projects in the Mumbai Metropolitan Region further underscores our
commitment to MMR as a key growth market.
Over the past year, we have strengthened our management team and organisational capabilities while
sharpening our growth priorities. Backed by our three-decade legacy and a diversified portfolio, these efforts
position us well to pursue the next phase of sustainable growth."
Page 2 of 3
About Kolte-Patil Developers Limited:
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is one of India’s
leading real estate developers, with a strong foothold across Mumbai, Pune and Bengaluru. In FY26, the
Company entered into a strategic partnership with global investment firm Blackstone with the latter acquiring
a 40% stake in the Company following a two-phase transaction involving the preferential allotment of equity
shares and a secondary equity share acquisition from existing promoters.
Kolte-Patil is a trusted name with a reputation for high quality standards, design-uniqueness, corporate
governance, transparency, and timely delivery of projects. The Company has developed and constructed over
82 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks
covering a saleable area of >34 million square feet across Pune, Mumbai and Bengaluru. The Indian Green
Building Council (IGBC) has certified several of the Company’s projects. KPDL markets its projects under two
brands: ’Kolte-Patil’ (addressing the mid-premium/premium segment) and ‘24K’ (addressing the premium
luxury segment).
Consolidating its leadership position in Pune, the Company forayed into the Mumbai Metropolitan Region
market in 2013, focusing on society redevelopment projects that have lower capital intensity. The Company
has signed seventeen projects (seven completed, three on-going, seven future projects) till date at prime
locations across the city.
KPDL has seamlessly navigated varied economic cycles enabled by one of the lowest debt levels in the sector.
The Company’s long-term bank debt has been rated ‘AA-/Stable’, short-term bank loan facilities as ‘A1+’ by
CRISIL and non-convertible debentures as ‘AA-/Stable’ by CRISIL & CARE.
The Company’s growth trajectory, internal processes and corporate governance practices have benefitted from
partnerships with marquee financial institutions like KKR, JP Morgan Asset Management, Portman Holdings,
ASK Capital, Motilal Oswal, ICICI Ventures, IL&FS, Planet Smart City and Marubeni Corporation.
Over the years, KPDL has received multiple awards and recognitions including Times Realty ICONS Awards
2026 - Developer of the Year 2026; Times Realty ICONS Awards 2026 - Marketing Campaign of the Year 2026
for 'Vyana at The Reserve'; Times Realty ICONS Awards 2026 - Residential Project of the Year for 'Vyana at The
Reserve';
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