Kolte-Patil Developers Ltd., a dominant real estate player with deep presence in Pune, Mumbai, and Bengaluru, has announced its all-time record annual sales of ₹2,791 crore (₹27.91 billion) for FY25, registering a historic high in the growth journey of the company.
Key Highlights:
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The firm reached an all-time high sales value of ₹2,161 crore during the first nine months of FY25 with strong collections of ₹1,729 crore, representing a year-on-year growth of 17% and showing strong customer demand and execution ability.
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Q3 FY25 reported a net profit of ₹25.3 crore, a reversal from a net loss of ₹62.9 crore in Q3 last year. Operating revenue grew 361% to ₹349.7 crore in Q3, highlighting the operational efficiency and market strength of the company.
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Average realization per square foot increased to ₹8,394 in Q3 FY25, up 11% year-on-year, with a thrust in premium and mid-premium housing segments.
Kolte-Patil sealed a significant joint development deal for a 22-acre project in Pune, valued at an estimated gross development value of ₹4,000 crore, further solidifying its project pipeline and future revenue visibility.
The firm's healthy operating cash flow of ₹641 crore over the first nine months and a solid balance sheet position it well for future launches and growth across high-potential markets.
CEO Atul Bohra stressed the firm's focus on creating sustainable value, building on strong brand equity, and riding premium home buying trends in India's upscale housing market.
Sources: Economic Times Realty, NSE India, CNBC-TV18