Tag: Kolte-Patil Developers

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Kolte-Patil Developers Reports ₹11 Crore Q2 FY26 Loss

NEW DELHI: Kolte-Patil Developers Ltd has reported a consolidated net loss of ₹11.14 crore for the September quarter, alongside the resignation of Group CEO Atul Bohra. In the same period last year, the company posted a net profit of ₹10.34 crore. Total income decreased by 50% to ₹161.75 crore in Q2 of this fiscal year, compared to ₹320.96 crore during the same quarter last year, as stated in a regulatory filing. The board has approved the appointment of Avani Vishal Davda as an additional director (Non-Executive and Independent), effective immediately, pending shareholder approval. The resignations of Sudha Pravin Navandar as…

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Kolte-Patil Q2 FY26 Pre-Sales Fall 13% to ₹670 Crore

NEW DELHI: Kolte-Patil Developers Ltd has reported a 13% decline in sales bookings, amounting to Rs 670 crore for Q2 of this fiscal year, attributed to reduced area sold amidst declining demand in the Indian residential sector. In the same period last year, sales bookings were ₹770 crore. According to a regulatory filing from the Pune-based firm, sales volumes fell by 17%, totaling 0.86 million square feet in the July-September quarter compared to 1.03 million square feet the previous year. In the first half of the fiscal year, the company’s sales bookings decreased by 13% to Rs 1,286 crore, down…

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Kolte-Patil Buys 7.5 Acres in Bhugaon, Pune

NEW DELHI: Pune’s Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon. The project boasts an estimated saleable area of 1.9 million sq ft, with a gross development value (GDV) of ₹1,400 crore. According to Rajesh Patil, the company’s managing director, “Our entry into Bhugaon aligns with our strategy of providing thoughtfully planned, value-driven developments, driven by increasing demand from improved infrastructure and heightened end-user interest.” Recently, the NCLT in Mumbai greenlit the amalgamation scheme between Kolte-Patil Developers and its wholly owned subsidiary, Kolte-Patil Integrated Townships. Published On Oct 10, 2025 at 12:00 PM IST Join a community of…

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Kolte-Patil Developers’ Subsidiaries Exit Four Entities

NEW DELHI: Kolte-Patil Developers has initiated multiple stake sales and exited from associate entities through its subsidiaries as part of a portfolio reorganization. In a stock exchange filing dated August 7, 2025, the Pune-based developer announced that Kolte-Patil Lifespaces, a wholly-owned subsidiary, has exited its partnership with Amco Landmarks Realty, where it held a 36% stake. This exit was formalized through a deed of retirement on the same day, completed for ₹4 crore. Amco reported other income of ₹56 lakh and a net worth of ₹2.07 crore in FY25. Moreover, on August 6, 2025, the parent company and its subsidiaries…

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Kolte-Patil Developers reports ₹16.88 crore net loss in Q1 FY26

NEW DELHI: Kolte-Patil Developers has reported a net consolidated loss after tax of ₹16.88 crore for the quarter ending June 30, 2025. This reflects a downturn from the profit after tax of ₹6.37 crore recorded in the same quarter of the previous fiscal year, according to a filing with the BSE. The company’s net consolidated income for Q1 FY26 was ₹96.81 crore, a significant drop of 72.37% compared to the ₹350.39 crore reported in the same period last year. As of June 30, 2025, the company’s net worth was ₹1,233.65 crore. Its current liability ratio stood at 0.99, while the…

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Kolte-Patil Developers Reports ₹616 Crore Q1 FY26 Sales

NEW DELHI: Kolte-Patil Developers (KPDL) announced sales of ₹616 crore for Q1 FY26, driven by consistent performance in major projects and a slight growth in volumes. The company reported sales of 0.84 million sq ft in Q1 FY26, reflecting a 5% increase compared to the previous quarter. Customer collections totaled ₹550 crore this quarter, aligning with the scheduled payments. The average realization remained steady at ₹7,337 per sq ft, similar to last year’s performance. Atul Bohra, the group’s CEO, stated, “With strong launch plans ahead in Pune and Mumbai, we anticipate further growth. Our partnership with Blackstone enhances our strategic…