Annual Sales at Rs. 2,791 crore

Highest-ever Annual collections at Rs. 2,432 crore Launched projects with GDV of Rs. ~4,000 crore during FY25 

Bengaluru, April 18 2025: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune based real estate player with a growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter and full year ended 31st March 2025.

Summary of operational performance:

Collections include contribution from DMA projects

·         Achieved annual sales of Rs. 2,791 crore in FY25

o    Launched projects with a total GDV of Rs. 4,000 crore

o    ~42% of the total pre-sales value for FY25 came from new launches

o    Sustaining the sales momentum, KPDL’s flagship project Life Republic (LR) registered

sales volumes of 1.9 million sq. ft. in FY25

·         Recorded milestone collections of Rs. 2,432 crore during FY25, marking a growth of 18% YoY

·         During FY25, average realizations at Rs. 7,758 per square foot improved 8% YoY owing to higher realizations across projects demonstrating strong brand recognition for quality and delivery.

Commenting on the performance, Mr. Atul Bohra, Group CEO, Kolte-Patil Developers Limited said, “During FY25, we recorded milestone collections of Rs. 2,432 crore, reinforced by operating efficiency, strong registrations, sales, construction and customer engagement. Sales at Rs. 2,791 crore remained muted, impacted by delay in the planned project launches. New launches contributed

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Key highlights

·         Blackstone will acquire up to 66% stake in KPDL for a commitment of c. INR 1,800 crore

a.       Kolte-Patil Developers (KPDL) will allot ~1.27 crore equity shares (14.3%) to Blackstone Real Estate funds, raising Rs. 417.03 crore.

b.       Blackstone Real Estate funds will acquire 25.7% of KPDL’s post-issue equity share capital from existing promoters. Following the transaction, Blackstone Real Estate funds will hold approximately 40% ownership in KPDL.

c.       Simultaneously, Blackstone Real Estate funds will acquire additional up to 26% from the public through an open offer.

The partnership brings together KPDL’s three-decade legacy of market expertise and execution excellence with Blackstone’s unparalleled global investment acumen, financial strength, and extensive experience across various real estate asset classes in India, including office, retail, warehousing, and data centers.

Commenting on this development, Rajesh Patil, Chairman, Kolte-Patil Developers Ltd. said, “This landmark partnership with Blackstone marks a defining moment in Kolte-Patil Developers’ growth story and our commitment to creating long-term value for our stakeholders. Blackstone’s investment is a testament to the strength of our brand and execution capabilities. Aligning with one of the world’s most respected investment firms, will drive an orbital transformation in KPDL and support value unlocking. We are excited about the opportunities ahead as we combine our market expertise with Blackstone’s global governance benchmarks.”

Asheesh Mohta, Head of Real Estate Acquisitions – India, Blackstone, added, “We are pleased to partner with Kolte-Patil Developers, a well-established developer; and continue our commitment of investing in Indian real estate. Blackstone has built leading platforms across office, retail, logistics, hotels and data centers, and this investment marks our strategic entry in the Indian residential sector. The sector is underpinned by strong tailwinds including a growing middle-class population and rapid urbanization. We see potential to serve Indians increasingly looking for high-quality homes and continue our mission of investing in and improving residential properties around the world.”

This strategic collaboration will empower KPDL to scale operations, enhance execution capabilities, and capitalize on India’s rapidly growing residential real estate sector. With a strong foundation, a debt-free balance sheet, and a shared vision for sustainable and scalable growth, Kolte-Patil and Blackstone are well-positioned to strengthen their presence in India’s residential real estate sector.

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Spread over ~22 acres within Pune Municipal Corporation Limit, this land is strategically located in South-West part of Pune and boasts scenic surroundings and seamless connectivity to CBD Pune and West-Pune zone. It offers breathtaking views of the Mutha River to the north, a serene garden reservation to the south ensuring an unobstructed view, and a 90-meter proposed ring road alongside park reservations to the west. The project has well-established access to social infrastructure, with schools, hospitals, shopping malls and entertainment hubs conveniently located within a 2-kilometer radius.

Commenting on the development, Mr. Yash Patil, Joint Managing Director, Kolte-Patil Developers Limited said, “Pune’s real estate landscape continues to evolve, presenting significant opportunities for well-planned, high-quality developments. As a market leader, Kolte-Patil remains committed to expanding its footprint across key micro- markets through a well-calibrated diversification strategy. By leveraging our deep local expertise and strong brand equity, we are strengthening our presence in high-potential areas while shaping Pune’s urban future with thoughtfully designed, community-centric developments that cater to the city’s growing aspirations. Moreover, this project reflects our continued focus on value creation through strategic partnerships and capital-efficient structures, ensuring sustainable growth for all stakeholders.”

Commenting on the development, Mr. Atul Bohra, Group CEO, Kolte-Patil Developers Limited said, “We are excited to add this large-scale development of ~5 million square feet, strategically located in South-West Pune, reinforcing our leadership in the city’s dynamic real estate market. This project is a significant milestone for Kolte- Patil, further strengthening our presence in a high-potential micro-market. With strong connectivity and proximity to essential social infrastructure, this development exemplifies our vision of creating vibrant, community-centric neighborhoods while delivering high-quality living spaces. Our focus remains on delivering sustainable value to homebuyers and stakeholders.

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H1 FY25 sales volumes stood at 1.99 million sq. ft.

H1 FY25 Revenues at Rs. 649.0 crore H1 FY25 EBITDA at Rs. 43.9 crore

H1 FY25 Net Profit (post MI) at Rs. 16.0 crore

Net Debt as on 30th September 2024 stands at Rs. -58 crore 

Bengaluru, 12 November 2024: 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 second quarter and half year ended 30 September 2024.

Operational Highlights – H1FY25 

 *Collections include contribution from DMA projects

Operational Highlights – Q2 FY25 

*Collections include contribution from DMA projects

Commenting on the performance for Q2 & H1 FY25, Mr. Atul Bohra, Group CEO, Kolte-Patil Developers Limited said,

 “I am happy to share that we have delivered a strong Q2FY25, achieving highest-ever quarterly pre-sales of Rs. 770 crore, setting a new benchmark for growth. The complement of offerings across segments and preferences have enabled us to continue on this strong growth trajectory. Sales contribution from our 24K luxury segment stood at 30% of the quarter’s pre-sales value reflecting the sustained demand for premium and aspirational living and a clear preference for high-quality residences. Sales momentum at our Life Republic township project remains strong, further reinforcing our leadership in the Pune market.

Collections stood at Rs. 550 crore in Q2 and reached new highs of Rs. 1,162 crore in H1FY25 on the back of robust sales and timely execution of projects. Looking ahead, we are excited about our robust launch pipeline planned for the second half, comprising a diverse range of projects across micro-markets. These launches along with sustenance inventory position us well to achieve our growth target.

The real estate sector is currently benefiting from strong tailwinds, especially within the mid-premium and premium segments. Expected softening of the interest rates will further strengthen demand.We are equipped with a high- potential project portfolio, consistent cash generation, and deep customer connect to capitalize on this growing opportunity. As we progress through the remainder of the year, we remain confident in closing FY25 on a strong note, delivering long term sustainable value for our stakeholders.”

Financial Highlights – Q2 & H1 FY25 

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