Kolte-Patil Developers Ltd. Q3 & 9M FY25 Financial Results

Newsmantra — Thu, 13 Feb 2025 09:41:49 +0000

Highest-ever 9M FY25 Sales Value at Rs. 2,161 crore Highest-ever 9M FY25 Collections at Rs. 1,729 crore

Highest-ever 9M FY25 Revenues stood at Rs. 999 crore; up 18% YoY 9M FY25 EBITDA at Rs. 70 crore; up 20% YoY

9M FY25 Net Profit (post MI) at Rs. 41 crore New Business Development of Rs. 4,000 crore YTD

Bengaluru, 11 February 2025: Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), a leading Pune-based real estate player, with growing presence in Mumbai and Bengaluru, announced its un-audited results for the third quarter and nine months ended 31 December 2024.

Operational Highlights – 9MFY25

New area sales	9MFY25	9MFY24	YoY
Value (Rs. crore)	2,161	2,079	4%
Volume (million sq. ft.)	2.80	2.89	-3%
Realization (Rs. /sq. ft.)	7,716	7,183	7%
Collections (Rs. crore)	1,729	1,478	17%

*Collections include contribution from DMA projects

Operational Highlights – Q3 FY25

New area sales	Q3FY25	Q2FY25	Q3FY24	QoQ	YoY
Value (Rs. crore)	680	770	746	-12%	-9%
Volume (million sq. ft.)	0.81	1.03	0.98	-21%	-18%
Realization (Rs. /sq. ft.)	8,394	7,472	7,579	12%	11%
Collections (Rs. crore)	567	550	493	3%	15%

*Collections include contribution from DMA projects

Financial Highlights – Q3 & 9M FY25

P&L Snapshot (Rs. crore)	9MFY25	9MFY24	YoY	Q3 FY25	Q3 FY24	YoY
Revenue from Operations	998.7	845.1	18.2%	349.7	75.8	361.4%
EBITDA	69.5	58.0	19.8%	25.5	-36.7	169.7%
EBITDA Margin (%)	7.0%	6.9%	–	7.3%	-48.4%	–
Net Profit (post-MI)	41.3	-42.3	197.7%	25.3	-62.9	140.2%
PAT margin (%)	4.1%	-5.0%	–	7.2%	-83.0%	–

Commenting on the performance for Q3 & 9M FY25, Mr. Atul Bohra, Group CEO, Kolte-Patil Developers Limited said,

“Our 9M performance has been marked by milestone sales and collections of Rs. 2,161 crore and Rs. 1,729 crore respectively. Revenues improved 18% YoY to Rs. 999 crore, while EBITDA increased 20% YoY to Rs. 70 crore. Our commitment, to redefining living, enhancing the customer’s price-value proposition, and strong execution capabilities, enables sustained long-term performance. Healthy operations cycle resulted in strong operating cash flows of Rs. 641 crore during the nine months. Our premium luxury offerings continue to gain momentum. Homeownership trends, especially in the premium and mid-premium, continue to strengthen, and we are well positioned to leverage these opportunities.

To further enhance our portfolio, we are actively building our business development pipeline that aligns with evolving market preferences in our target markets. Recently, we signed ~22 acres joint development project in Pune with the expected GDV of ~Rs. 4,000 crore.

The broader economic environment remains supportive. A robust portfolio of upcoming launches, capital-efficiency, strong brand equity, well-defined diversification across high potential markets, will enable us to to deliver sustainable value for all our stakeholders.”

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Kolte-Patil Developers Ltd. Q3 & 9M FY25 Financial Results