AI assistant
Kolte-Patil Developers Ltd — Earnings Release 2025
Feb 11, 2025
59438_rns_2025-02-11_fbb613fb-f3fc-407c-80b6-43023c503314.pdf
Earnings Release
Open in viewerOpens in your device viewer
==> picture [74 x 71] intentionally omitted <==
To, The Assistant Manager, National Stock Exchange of India Limited Listing Department, ‘Exchange Plaza’, Bandra Kurla Complex, Bandra (East), Mumbai – 400051
To, The General Manager, BSE Limited, Corporate Relationship Department, 1[st] floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001
Date: 11 February 2025
Sub: Press release on Q3 and 9M FY25 Financial Results ISIN: Equity: INE094I01018 and Debt: INE094I07049, INE094I07064 and INE094I07072.
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. 975276 and KPDL221223; 3. 976030 and 0KPDL34.
Dear Sir/Madam,
Please find attached herewith copy of press release on Q3 and 9M FY25 Financial Results.
This is for your information and record.
Thanking you,
For Kolte-Patil Developers Limited
VINOD Digitally signed by VINOD EKNATH EKNATH PATIL Date: 2025.02.11 PATIL 19:03:40 +05'30'
Vinod Patil Company Secretary and Compliance Officer Membership No. A13258
Encl: As above
KOLTE-PATIL DEVELOPERS LTD.
CIN : L45200PN1991PLC129428
Pune Regd. Office: 8[th] Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune - 411001, Maharashtra, India. Tel.: + 91 20 6742 9200 / 6742 9201 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: [email protected]
==> picture [162 x 113] intentionally omitted <==
Kolte-Patil Developers Ltd. Q3 & 9M FY25 Financial Results
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
Pune, 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."
About Kolte-Patil Developers Limited:
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing presence in Mumbai and Bengaluru. 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 64 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of >28 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: ’KoltePatil’ (addressing the mid-income segment) and ‘24K’ (addressing the premium luxury segment).
Consolidating its leadership position in Pune, the company forayed into the Mumbai market in 2013 focusing on society redevelopment projects that have lower capital intensity. The company has signed fourteen projects (two completed, five on going, seven 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 nonconvertible 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 Times Power Brand - Legacy Brand in Real Estate – Pune 2023, ET Business Awards- Most Iconic Luxury Brand in Real Estate 2022, Residential High Rise Architecture India2021, Asia Pacific Property Awards (IPA), Times Realty, 2021- 22 and Residential High Rise Architecture India2021, Top Challengers 2019-20 by Construction World Global Awards Online, Trusted Brand of the Year, Times Realty Icons - Best Realtor 2019, CNN NEWS18 – Developer of the Year Residential 2019, ET Now – Most Trusted Brand India’s 2019, The Economic Times - The Game Changers of Maharashtra 2018 and Asia’s Greatest Brand 2017 by AsiaOne.
For more details on Kolte-Patil Developers Ltd., visit www.koltepatil.com
For further information, please contact:
Dipti Rajput, CFA VP – Investor Relations Kolte Patil Developers Ltd. 1101, The Capital, BKC, Bandra (E), Mumbai – 400 051 Tel: +91 74004 81432 Email: [email protected]
Savli Mangle / Smit Shah Adfactors PR
Oasis Complex, Kamala Mills Compound, City Hall, Pandurang Budhkar Marg, Lower Parel West, Mumbai – 400021 Tel: +91 98333 61003 / +91 98707 89596 Email: [email protected] / [email protected]