NSEPress Release3d ago · 10 Aug 2026, 09:36 pm
Press Release
Kolte - Patil Developers Limited · KOLTEPATIL
✦ AI Summary▲ PositiveResults
Kolte-Patil Developers Ltd. announced its un-audited results for the first quarter ended 30th June 2026, with a record total income of Rs. 937 crore, driven by the completion of ~1.27 Mn. Sq. Ft. across projects in Pune and Mumbai. The company reported a strong EBITDA of Rs. 206 crore, with a 22% margin, supported by timely project completions, robust revenue recognition, and a higher contribution from high-margin Life Republic projects.
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Kolte - Patil Developers Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "Q1 FY27 Financial Results".
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To, To,
The Assistant Manager, The General Manager,
National Stock Exchange of India Limited BSE Limited,
Listing Department, Corporate Relationship Department,
‘Exchange Plaza’, 1st floor, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (East), Dalal Street,
Mumbai – 400051 Mumbai – 400001
Date: 10 August 2026
Sub: Press release on Q1FY27 Financial Results
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 copy of press release on Q1FY27 Financial results.
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
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 Ltd. Q1 FY27 Financial Results
Record Quarterly Total Income of Rs. 937 crore
Q1 FY27 EBITDA at Rs. 206 crore; EBITDA Margin at 22%
Landmark Mumbai expansion with the signing of six projects totalling ~Rs. 6,000 crore in GDV,
marking a defining milestone in the Company's growth journey
Pune, 10th August 2026: Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), a leading Pune-based real
estate player, with a diversified presence in Mumbai and Bengaluru, announced its un-audited results for the first
quarter ended 30th June 2026.
Financial & Operational Highlights - Q1 FY27
Total Income: Record total income of Rs. 937 crore driven by the completion of ~1.27 Mn. Sq. Ft. across projects
in Pune and Mumbai
EBITDA: Strong EBITDA of Rs. 206 crore, with a 22% margin, supported by timely project completions, robust
revenue recognition and a higher contribution from high-margin Life Republic projects
PAT (Post MI): Rs. 146 crore with a 16% margin
Pre-Sales Value: Rs. 617 crore
Collections: Rs. 715 crore, up 30 % YoY
Average Realization: Rs. 9,442 per sq. ft., up 29% YoY
Launches: 0.78 Mn. Sq. Ft. of saleable area
Business Development: Landmark addition to the MMR portfolio reaffirms MMR as a priority market
o Added six redevelopment projects with a combined estimated GDV of ~Rs. 6,000 crore, across Mumbai's
Western and Central suburbs and Navi Mumbai
o Largest annual business development addition in Mumbai to date
o Reinforced focus on larger project opportunities in high-demand, high-value micro-markets
Commenting on the performance for Q1 FY27, Mr. Rajesh Patil, Managing Director, Kolte-Patil Developers Limited
said,
“We began FY27 in a more measured residential real estate market, where premium housing continued to perform
well and customers increasingly favoured established developers with a proven execution track record. During the
quarter we launched ‘The Winds’ project in Bhugaon, Pune, and a new phase of our ongoing project Little Earth,
taking total launches during the quarter to ~0.78 million sq. ft. Pre-sales for the quarter remained broadly stable at
Rs. 617 crore, with Life Republic township (Pune) and MMR region contributing nearly 34% and 30% to the overall
sales. The higher contribution from our Mumbai portfolio, along with calibrated price revisions across projects,
resulted in 29% year-on-year increase in average realization, underscoring the strength of our portfolio and customer
preference for our offerings. Continued construction progress across projects translated into collections of Rs. 715
crore, reflecting sustained execution and customer confidence.
Strong execution across projects led to the completion of projects across operating geographies, driving record total
income of Rs. 937 crore during the quarter. Reflecting the strength of our project portfolio and healthy project
economics we reported a robust EBITDA margin of 22%. Completed projects across the portfolio supported this
performance, led by a higher share of high-margin Life Republic projects.
We are entering a new phase of accelerated growth in MMR. With a combined estimated GDV of approximately Rs.
6,000 crore, the addition of six projects significantly strengthens our development pipeline and reinforces our
commitment to build a scaled, high-quality presence in the region. We expect all six projects to be launched over the
next 6 to 12 months, subject to requisite approvals.
Following our strategic partnership with Blackstone, our focus is on scaling the business through larger project
opportunities, and a calibrated mix of formats across residential segments, with a sharper emphasis on value-
accretive growth.
With the long-term fundamentals of the residential real estate sector remaining encouraging, we will continue to
pursue growth through disciplined business development, prudent capital allocation and a sharp focus on execution.
Backed by a healthy balance sheet and a diversified portfolio, we remain committed to creating sustainable long-
term value for our all stakeholders.
About Kolte-Patil Developers Limited:
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with
a dominant presence in the Pune residential market and a diversified presence in Mumbai 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 68 projects, including residential
complexes, integrated townships, commercial complexes, and IT Parks covering a saleable area of >33 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 nineteen projects (six
completed, four on-going, nine 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+’ and non-convertible debentures as ‘AA-
/Stable’ by CRISIL.
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 The ET Real Estate Awards 2026 - Residential
Project - Township (West: Ongoing) for Life Republic; Asia Pacific Property Awards – ‘25-’26 - Residential High Rise Architecture
India for 24K Manor; ET Real Estate Awards ’25 - Integrated Marketing Campaign (360 Degree) for Canvas at Life Republic;
Golden Bricks Awards Dubai 2025 - Marketing Campaign of the Y
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