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Kolte-Patil Developers Ltd — Interim / Quarterly Report 2026
May 22, 2026
59438_rns_2026-05-22_14297e49-151b-41b8-a33f-d7e7486e0635.pdf
Interim / Quarterly Report
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KOLTE-PATIL
Creation, not Construction
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,
1st floor, Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
Date: 22 May 2026
Subject: - Submission of Financial Results for the quarter and year ended on 31 March 2026
ISIN: Equity: INE094I01018
Ref: NSE Symbol and Series: KOLTEPATIL and EQ
BSE Code and Scrip Code - Equity: 9624 and 532924
Dear Sir/Madam,
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of Kolte-Patil Developers Limited (“Company”) at their meeting held on Friday, 22 May 2026, approved the audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31 March 2026, the financial results are annexed below.
Also find enclosed herewith Audit Reports on the Financial Results (Standalone and Consolidated) for the quarter and year ended 31 March 2026 as submitted by M/s. S R B C & CO LLP, Statutory Auditors of the Company.
The meeting commenced at 04.30 PM (IST) and concluded at 5:45 PM (IST).
This is for your information and record.
For Kolte-Patil Developers Limited
Vinod
Eknath Patil
Digitally signed by Vinod
Eknath Patil
Date: 2026.05.22
18:11:33 +00'30'
Vinod Patil
Company Secretary and Compliance Officer
Membership No. A13258
Encl: as above
KOLTE-PATIL DEVELOPERS LTD.
CIN: L45200PN1991PLC129428
Pune Regd. Office: 8th 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]
KOLTE-PATIL DEVELOPERS LIMITED
Corporate Identification Number: L45200PN1991PLC129428
Registered Office: 8th Floor, City Bay, CTS No. 14 (P), 17 Boat Club Road, Pune - 411001
Telephone No: +91-20-67429200. Website: www.koltepatil.com. Email: [email protected]
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
(Rs. in lakhs except earnings per share)
| Sr. No. | Particulars | Quarter ended | Year ended | Year ended | ||
|---|---|---|---|---|---|---|
| March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | ||
| (Audited) (Refer note 11) | (Unaudited) | (Audited) (Restated) (Refer note 4 and 11) | (Audited) | (Audited) (Restated) (Refer note 4) | ||
| 1 | Revenue from operations | 23,634 | 24,917 | 65,782 | 65,834 | 1,53,909 |
| 2 | Other income | 2,315 | 3,121 | 732 | 10,352 | 4,688 |
| 3 | Total income (1+2) | 25,949 | 28,038 | 66,514 | 76,186 | 1,58,597 |
| 4 | Expenses | |||||
| (a) Cost of services, construction and land | 68,017 | 34,980 | 42,057 | 1,82,196 | 1,25,820 | |
| (b) (Increase)/decrease in inventories of finished goods and work-in-progress | (50,672) | (17,828) | 6,529 | (1,36,382) | (12,643) | |
| (c) Employee benefits expense | 2,425 | 2,389 | 2,333 | 9,514 | 8,597 | |
| (d) Impairment loss on investments | - | 351 | - | 351 | - | |
| (e) Finance costs | 656 | 1,051 | 631 | 2,700 | 4,116 | |
| (f) Depreciation and amortisation expense | 332 | 372 | 399 | 1,498 | 1,324 | |
| (g) Other expenses | 4,397 | 3,749 | 4,314 | 15,447 | 14,271 | |
| Total expenses (a to g) | 25,155 | 25,064 | 56,263 | 75,324 | 1,41,485 | |
| 5 | Profit before tax for the period/year (3-4) | 794 | 2,974 | 10,251 | 862 | 17,112 |
| 6 | Tax expense/(credit) | |||||
| -Current tax | 2,343 | 4,136 | 1,618 | 8,160 | 1,618 | |
| -Deferred tax | (1,459) | (3,196) | 1,428 | (7,101) | 3,887 | |
| -Tax pertaining to previous years | - | - | 142 | - | 142 | |
| Total tax expenses for the period/year | 884 | 940 | 3,188 | 1,059 | 5,647 | |
| 7 | Profit/(loss) for the period/year (5-6) | (90) | 2,034 | 7,063 | (197) | 11,465 |
| 8 | Other comprehensive income (net of tax) | |||||
| Items that will not be reclassified to profit & loss in subsequent periods | ||||||
| -Remeasurements of the defined benefit liabilities | (56) | - | (34) | (56) | (34) | |
| -Income tax relating to items that will not be reclassified to profit & loss | 14 | - | 9 | 14 | 9 | |
| 9 | Total comprehensive income/(loss) for the period/year (7+8) | (132) | 2,034 | 7,038 | (239) | 11,440 |
| 10 | Paid-up equity share capital (Face value of Rs. 10/- each) | 8,868 | 8,868 | 7,600 | 8,868 | 7,600 |
| 11 | Other equity excluding revaluation reserves as per balance sheet | 1,13,749 | 73,689 | |||
| 12 | Earnings Per Share (EPS) (Face value of Rs. 10/- each)* | |||||
| Basic (Rs.) | (0.10) | 2.29 | 9.29 | (0.23) | 15.08 | |
| (Diluted (Rs.) | (0.10) | 2.29 | 9.27 | (0.23) | 15.05 | |
| * Basic and Diluted EPS for all periods, except for the year ended March 31, 2026 and March 31, 2025 are not annualised. |
KOLTE-PATIL DEVELOPERS LIMITED
Corporate Identification Number: L45200PN1991PLC129428
Registered Office: 8th Floor, City Bay, CTS No. 14 (P), 17 Boat Club Road, Pune - 411001
Telephone No: +91-20-67429200. Website: www.koltepatil.com. Email: [email protected]
AUDITED STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31, 2026
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| (Audited) | (Audited) (Restated) (Refer note 4) | |
| Assets | ||
| Non-current assets | ||
| (a) Property, plant and equipment | 13,508 | 12,729 |
| (b) Capital work-in-progress | 361 | - |
| (c) Investment properties | 6,267 | 1,690 |
| (d) Intangible assets | 29 | 55 |
| (e) Right-of-use assets | 3,109 | 1,924 |
| (f) Financial assets | ||
| (i) Investments | 8,649 | 9,224 |
| (ii) Loans | 57,521 | 24,908 |
| (iii) Other financial assets | 3,091 | 22,137 |
| (g) Deferred tax assets (net) | 18,023 | 10,908 |
| (h) Income tax assets (net) | 6,494 | 5,805 |
| (i) Other non-current assets | 5,402 | 8,709 |
| Total non-current assets | 1,22,454 | 98,089 |
| Current assets | ||
| (a) Inventories | 4,62,333 | 3,28,462 |
| (b) Financial assets | ||
| (i) Investments | 46,545 | 4,073 |
| (ii) Trade receivables | 3,511 | 2,578 |
| (iii) Cash and cash equivalents | 16,469 | 11,762 |
| (iv) Other balances with banks | 30,895 | 23,447 |
| (v) Other financial assets | 12,119 | 11,846 |
| (c) Other current assets | 35,589 | 26,254 |
| Total current assets | 6,07,461 | 4,08,422 |
| Total assets | 7,29,915 | 5,06,511 |
| Equity and liabilities | ||
| Equity | ||
| (a) Equity share capital | 8,868 | 7,600 |
| (b) Other equity | 1,13,749 | 73,689 |
| Total equity | 1,22,617 | 81,289 |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 151 | 427 |
| (ii) Lease liabilities | 2,551 | 1,760 |
| (b) Provisions | 807 | 924 |
| Total non-current liabilities | 3,509 | 3,111 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 1,14,064 | 1,10,435 |
| (ii) Lease liabilities | 1,320 | 922 |
| (iii) Trade payables | ||
| A. Dues of micro and small enterprises | 3,588 | 3,613 |
| B. Dues of creditors other than micro and small enterprises | 53,129 | 46,491 |
| (iv) Other financial liabilities | 1,972 | 4,707 |
| (b) Provisions | 1,737 | 1,483 |
| (c) Current tax liabilities (net) | 721 | - |
| (d) Other current liabilities | 4,27,258 | 2,54,460 |
| Total current liabilities | 6,03,789 | 4,22,111 |
| Total equity and liabilities | 7,29,915 | 5,06,511 |
AUDITED STANDALONE STATEMENT OF CASHFLOWS FOR THE YEAR ENDED MARCH 31, 2026
(Rs. in lakhs)
| Particulars | Year ended | |
|---|---|---|
| March 31, 2026 | March 31, 2025 | |
| (Audited) | (Audited) (Restated) | |
| (Refer note 4) | ||
| A | Cash flow from operating activities | |
| Profit before tax: | 862 | 17,112 |
| Adjustment for: | ||
| Depreciation and amortisation expenses | 1,498 | 1,324 |
| Profit on sale of mutual fund | (451) | (61) |
| Rental income from investment properties | (535) | - |
| Employee stock option expense/(credit) | (136) | 136 |
| Finance cost | 2,700 | 4,116 |
| Interest income | (5,908) | (2,414) |
| Dividend income | (375) | (272) |
| Gain on derecognition of lease liability | (141) | - |
| Profit/(loss) on sale of property, plant and equipment | (46) | (11) |
| Share of (profit)/loss from partnership firms and LLP | 18 | (1,102) |
| Gain on fair valuation of financial instruments | (1,726) | (65) |
| Gain on buy back of investments | (44) | (437) |
| Provisions for doubtful debt/advances | 241 | 24 |
| Impairment loss on investments | 351 | - |
| Operating profit/(loss) before working capital changes | (3,692) | 18,350 |
| Adjustments for changes in working capital: | ||
| (Increase)/decrease in inventories | (1,23,934) | (1,465) |
| (Increase)/decrease in trade receivables | (933) | (1,516) |
| (Increase)/decrease in other assets | (8,986) | 2,020 |
| Increase/(decrease) in trade payables | 7,164 | (2,497) |
| Increase/(decrease) in other liabilities | 1,72,860 | 27,704 |
| Increase/(decrease) in employee benefit obligations | 82 | (158) |
| Cash generated from operating activities post working capital changes | 42,561 | 42,438 |
| Income tax paid (net of refund) | (8,031) | (2,608) |
| Net cash generated from operating activities (A) | 34,530 | 39,830 |
| B | Cash flow from investing activities | |
| Purchase of property, plant and equipment and intangible assets | (3,736) | (5,597) |
| Proceeds from sale of property, plant and equipment | 854 | 20 |
| Fixed deposits (placed)/redeemed (net) | 6,499 | (16,779) |
| Movement in escrow accounts considered as other bank balance | (10,090) | (6,366) |
| Rent received | 535 | - |
| Purchase of mutual fund | (81,809) | (20,173) |
| Proceed from sale of mutual fund | 41,480 | 26,050 |
| Proceeds from buyback/redemption of investments | 264 | 1,525 |
| Payment towards deferred liability for acquisition of interest in subsidiary | (2,920) | (1,621) |
| Loans given to subsidiaries (including partnership firms) and joint venture | (18,655) | (16,228) |
| Loans repaid by subsidiaries (including partnership firms) and joint venture | 6,416 | 2,018 |
| Amounts (invested in)/withdrawn from partnership firms & LLPs | 635 | (987) |
| Interest received | 1,856 | 721 |
| Dividend received | 375 | 272 |
| Net cash used in investing activities (B) | (58,296) | (37,145) |
| C | Cash flow from financing activities | |
| Proceeds from issue of share capital (including securities premium) | 41,703 | - |
| Payment of principal portion of lease liabilities | (813) | (751) |
| Payment of interest on lease liability | (357) | (360) |
| Interest paid | (11,616) | (10,222) |
| Dividend paid | - | (3,040) |
| Proceeds from borrowings | 57,064 | 41,391 |
| Repayment of borrowings | (57,508) | (42,958) |
| Net cash generated from/(used in) financing activities (C) | 28,473 | (15,940) |
| D | Net increase/(decrease) in cash and cash equivalents (A+B+C) | 4,707 |
| Cash and cash equivalents (Opening balance) | 11,762 | 17,793 |
| Addition in cash & cash equivalents on account of merger (refer note 4) | - | 7,224 |
| Cash and cash equivalents (Closing balance) | 16,469 | 11,762 |
| Cash and cash equivalents comprise of: | ||
| Cash in hand | 7 | 8 |
| Balances with banks | ||
| - In current accounts | 14,228 | 11,304 |
| - Deposit having original maturity of less than 3 months | 2,234 | 450 |
| Total | 16,469 |
Additional information pursuant to requirement of regulation 52(4) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulation 2015 as amended as at and for the period ended March 31, 2026.
| Sr. No. | Particulars | Quarter ended | Year ended | Year ended | ||
|---|---|---|---|---|---|---|
| March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | ||
| (Audited) | (Unaudited) | (Audited) (Restated) (Refer note 4) | (Audited) | (Audited) (Restated) (Refer note 4) | ||
| 1 | Debt equity ratio | |||||
| (Debt / Equity) | ||||||
| Debt = Borrowing + Lease liabilities (non-current and current) | ||||||
| Equity = Equity share capital + Other equity | 0.96 | 1.03 | 1.40 | 0.96 | 1.40 | |
| 2 | Debt service coverage ratio | |||||
| (Earning available for Debt Service / Debt Service) | ||||||
| Earning available for Debt Service = Profit before taxes + finance cost (net)^ + depreciation and amortization expense + Impairment of investment + Provision for doubtful debts /advances | ||||||
| Debt Service = Finance cost (Gross)* + Lease Payments + Principal Repayments | 0.08 | 0.21 | 1.64 | 0.08 | 0.39 | |
| 3 | Interest service coverage ratio | |||||
| (Earning available for Finance cost / Finance cost) | ||||||
| Earning available for Finance cost = Profit before taxes + finance cost (net)^ + depreciation and amortization expense + Impairment of investment + Provision for doubtful debts /advances | ||||||
| Finance cost (Gross)* = Interest on loan borrowed + interest on lease and other finance charges | 0.36 | 1.09 | 4.96 | 0.36 | 1.50 | |
| 4 | Current ratio | |||||
| (Current assets / Current liabilities) | 1.01 | 1.04 | 0.97 | 1.01 | 0.97 | |
| 5 | Long term debt to working capital ratio | |||||
| (Long term debt / Working capital) | ||||||
| Long term debt = Non-current borrowings + Current maturities of long term debt + Non current lease liabilities | ||||||
| Working capital = Current Assets - Current liabilities (excluding current maturities of long term debt) | 0.99 | 0.86 | 1.16 | 0.99 | 1.16 | |
| 6 | Bad debts to account receivable ratio | |||||
| (Bad debts / Average net trade receivables) | ||||||
| Bad debts = Provision for doubtful debts | ||||||
| Average net trade receivables = Average of opening and closing balance of net trade receivables | - | - | - | - | 0.01 | |
| 7 | Current liability ratio | |||||
| (Current liabilities / Total liabilities) | 0.99 | 1.00 | 0.99 | 0.99 | 0.99 | |
| 8 | Total debts to total assets ratio | |||||
| (Debt / Total assets) | ||||||
| Debt = Borrowing + Lease liabilities (non-current and current) | 0.16 | 0.19 | 0.22 | 0.16 | 0.22 | |
| 9 | Debtors turnover ratio | |||||
| (Turnover / Average net trade receivables) | ||||||
| Turnover = Revenue from operations | ||||||
| Average net trade receivables = Average of opening and closing balance of net trade receivables | 6.56 | 6.84 | 29.57 | 21.63 | 83.44 | |
| 10 | Inventory turnover ratio | |||||
| [(Cost of services, construction and land+ Change in inventories of finished goods and work-in-progress)/Average inventory] | ||||||
| Average inventory = Average of opening and closing balance of inventory | 0.04 | 0.04 | 0.15 | 0.12 | 0.39 | |
| 11 | Operating margin(%) | |||||
| (EBITDA /Turnover) | ||||||
| EBITDA = Earning before interest, taxes, depreciation, amortisation expenses, Impairment of investment and other income | ||||||
| Turnover = Revenue from operations | (2%) | 5% | 16% | (8%) | 12% | |
| 12 | Net profit margin (%) | |||||
| (Net profit after tax / Total income) | (0.35%) | 7.25% | 10.62% | (0.26%) | 7.23% | |
| 13 | Capital redemption reserve (Rs In Lakhs) | 159 | 159 | 159 | 159 | 159 |
| 14 | Net worth (Rs In Lakhs) | |||||
| (Equity share capital + Other equity) | 1,22,617 | 1,22,749 | 81,289 | 1,22,617 | 81,289 | |
| 15 | Net profit after tax (Rs In Lakhs) | (90) | 2,034 | 7,063 | (197) | 11,465 |
| 16 | Earnings Per Share (EPS) (Face value of Rs. 10/- each) not annualised | |||||
| Basic (Rs.) | ||||||
| Diluted (Rs.) | -0.10 | |||||
| -0.10 | 2.29 | |||||
| 2.29 | 9.29 | |||||
| 9.27 | -0.23 | |||||
| -0.23 | 15.08 | |||||
| 15.05 |
Note: The above ratios are not annualised for the year, except for the year ended March 31, 2026 and March 31, 2025.
^ Net of finance cost capitalised.
*Finance cost charged to P&L and finance cost capitalised.
Telephone No: +91-20-67429200. Website: www.koltepatii.com. Email: [email protected]
Standalone Notes :
-
The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 22, 2026 and were subjected to audit by the Statutory Auditors.
-
The Company is predominantly engaged in the business of Real Estate. Thus there are no separate reportable operating segments in accordance with Indian Accounting Standard ("Ind AS") 108 -Operating Segments.
-
Since, the nature of activities being carried out by the Company is such that profits/(losses) from certain transactions do not necessarily accrue evenly over the year, results of a quarter may not be representative of profits/(losses) for the year.
-
Pursuant to provisions of Section 230-232 of the Companies Act, 2013, the Board of Directors of the Company on February 11, 2025 had approved the scheme of amalgamation of Kolte-Pati Integrated Townships Limited ("KPIT") (a wholly owned subsidiary of the Company) with Kolte-Pati Developers Limited ("KPDL") with appointed date of April 01, 2024 ("the Scheme"). National Company Law Tribunal ("NCLT") approved the above scheme vide its order dated October 07, 2025 and the merger became effective on October 31, 2025 on filing of the NCLT Order with the Registrar of Companies.
The merger has been accounted as Business Combination of entities under common control as per Appendix C to Ind AS 103 - Business Combinations. Accordingly, the comparative periods for the quarter and year ended March 31, 2025 presented in the standalone results (including statement of assets and liabilities and statement of cashflows) have been restated to include the effects of this merger.
- Issue of NCD's during the year:
(a) On October 16, 2025, the Debenture Allotment Committee allotted 13,996 Series 4 fully, secured, listed, rated, zero coupon, redeemable, non-convertible debentures of par value Rs. 1,00,000/- each aggregating to Rs. 13,996 Lakhs, on a private placement basis to Marubeni Corporation, Japan. Unless redeemed earlier, NCDs shall be for a period of 120 months. The NCDs are secured by way of a registered mortgage over right, title and interest possessed in the Project Land and/or the earmarked units identified in respective Debenture Trust Deed ('DTD') and hypothecation on the receivables/ cash-flows arising from the earmarked units identified in respective DTD, as stated in the respective information memorandum/key information document, as applicable. The NCDs shall be redeemed at premium which is linked to collections made from sale of the earmarked units. These NCDs along with above redemption premium will be redeemed as and when the revenues are collected by the company in accordance with the debenture trust deed, as amended from time to time.
(b) On December 05, 2025, the Debenture Allotment Committee allotted 10,994 Series 4 fully, secured, listed, rated, zero coupon, non-convertible debentures of par value Rs. 1,00,000/- each aggregating to Rs. 10,994 Lakhs, on a private placement basis to Marubeni Corporation, Japan. Unless redeemed earlier, NCDs shall be for a period of 120 months. The NCDs are secured by way of a registered mortgage over right, title and interest possessed in the Project Land and/or the earmarked units identified in respective Debenture Trust Deed ('DTD') and hypothecation on the receivables/ cash-flows arising from the earmarked units identified in respective DTD, as stated in the respective information memorandum/key information document, as applicable. The NCDs shall be redeemed at premium which is linked to collections made from sale of the earmarked units. These NCDs along with above redemption premium will be redeemed as and when the revenues are collected by the company in accordance with the debenture trust deed, as amended from time to time.
- The total listed secured Non-Convertible Debentures (NCDs), outstanding as on March 31, 2026 are as follows:
(a) 20,650 Senior, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 100,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 9,327 lakhs towards the outstanding principal amount and has paid Rs. 4,695 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 11,323 lakhs with a reduced face value of Rs. 54,831 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.33 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(b) 11,090 Senior, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 5,244 lakhs towards the outstanding principal amount and has paid Rs. 639 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 5,846 lakhs with a reduced face value of Rs. 52,718 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 2.14 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(c) 13,377 Series 3 Fully, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 6,058 lakhs towards the outstanding principal amount and has paid Rs. 1,608 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 7,319 lakhs with a reduced face value of Rs. 54,715 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.18 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(d) 13,996 Series 4 Fully, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 447 lakhs towards the outstanding principal amount and has paid Rs. 118 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 13,549 lakhs with a reduced face value of Rs. 96,808 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.08 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(e) 10,994 Series 4 Fully, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 327 lakhs towards the outstanding principal amount and has paid Rs. 95 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 10,667 lakhs with a reduced face value of Rs. 97,026 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.03 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
The NCDs are secured by way of a registered mortgage over right, title and interest possessed by the Company in the Project Land and/or the earmarked units identified in respective Debenture Trust Deed ('DTD') and hypothecation on the receivables/ cash-flows arising from the earmarked units identified in respective DTD, as stated in the respective information memorandum/key information document, as applicable.
-
The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Codes viz Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as 'the New Labour Codes'). The New Labour Codes have been made effective from November 21, 2025. Based on the Company's assessment, the New Labour Codes do not have material impact on the standalone financial results for the year ended March 31, 2026. The Company continues to monitor the finalisation of Central/State rules and clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments as needed.
-
On March 13, 2025, the Company had entered into Share Subscription Agreement ("SSA") between the Company, BREP Asia III India Holding Co VII Pte. Ltd. ("Acquirer") and Mr. Rajesh Anirudha Patil, Late Mr. Naresh Anirudha Patil, Mr. Milind Digambar Kolte, Mr. Yashvardhan Rajesh Patil and Mr. Harshavardhan Naresh Patil, in relation to the Preferential Issue of the Subscription Shares to the Acquirer on the terms and conditions contained therein. Pursuant to such SSA, the Preferential Issue Shares Allotment Committee of the Board of Directors of the Company at its meeting held on June 23, 2025, approved the allotment of 1,26,75,685 equity shares having face value of INR 10/- each, at a premium of Rs. 319 per equity share (total Rs. 329 per equity share), aggregating to Rs. 41,703 lakhs by way of a preferential allotment on a private placement basis to Acquirer. These equity shares were issued on June 23, 2025 and rank pari-passu with the existing issued equity shares of the Company in all respects including the payment of dividend and voting rights, if any. The corresponding costs pertaining to such preferential issue amounting to Rs. 200 lakhs have been included in other expenses for the year ended March 31, 2026.
-
Further, on March 13, 2025, the Company had entered into Share Purchase Agreement ("SPA") between the Acquirer, the Company, Mr. Rajesh Anirudha Patil, Late Mr. Naresh Anirudha Patil, Mr. Milind Digambar Kolte, Ms. Sunita Rajesh Patil, Ms. Vandana Naresh Patil, Ms. Sunita Milind Kolte, Mr. Yashvardhan Rajesh Patil, Ms. Ankita Rajesh Patil, Mr. Harshavardhan Naresh Patil and Ms. Priyanjali Naresh Patil ("Sellers") for the Acquirer to acquire from the Sellers equity shares constituting 25.70% of the paid-up post-proposed preferential issue equity share capital of the Company on the terms and conditions contained therein. Consequently, the Acquirer acquired such 2,27,96,353 equity shares from the Sellers on August 11, 2025. Subsequent to the above preferential issue and acquisition of shares, Acquirer holds 40% equity stake in the Company.
-
During the year ended March 31, 2026, the Company has sold its stake and hence ceases to be shareholder/partner from Kolte-Patii Realtors Private Limited (vide Share Purchase Agreement dated August 06, 2025) and Regenesis Project Management LLP (vide Reconstituted LLP Agreement dated August 06, 2025).
Additionally, Ankit Enterprises (subsidiary) and Kolte-Patii Nivasti Developers & Builders LLP (joint venture) have been converted from partnership firm/LLP into company w.e.f July 06, 2025 and July 03, 2025 respectively.
11 The figures for the quarter ended March 31, 2026 and March 31, 2025 are the derived figures between audited figures in respect of full financial year and the unaudited published year to date figures up to the third quarter of the respective financial year which were subjected to limited review.
12 The Board of Directors of the Company at its meeting dated May 22, 2026 have approved the draft scheme of amalgamation involving amalgamation of Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited, wholly-owned subsidiaries of the Company with the Company under Section 230 to 232 of the Companies Act, 2013 read with applicable rules made thereunder. The Scheme is conditional and subject to necessary statutory and regulatory approvals/permissions including approval of National Company Law Tribunal, Mumbai and Members and consent from the creditors of the wholly owned subsidiaries/ the Company, as applicable.
13 The standalone financial results will be posted on the website of the Company www.koltepatil.com and will be available on website of the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).
For and on behalf of the Board of Directors of
Kolte-Patil Developers Limited
RAJESH
Diphile capacity
KOLTEAT
SUBSCRIBER PATEL
Date: 2016.03.14
Print: KOLTEAT
Date: 2016.03.14
Rajesh Patil
Managing Director
(DIN-00381866)
Place: Pune
Date: May 22, 2026
SRBC & COLLP
Chartered Accountants
Ground floor, Tower C Unit 1,
Panchshil Tech Park One, Loop road,
Near Don Bosco School, Yerwada
Pune - 411 006, India
Tel: +91 20 6603 6000
Independent Auditor’s Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Kolte-Patil Developers Limited
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying statement of quarterly and year to date standalone financial results of Kolte-Patil Developers Limited (the “Company”) for the quarter and year ended March 31, 2026 (the “Statement”), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on the separate audited financial statements and other financial information of the partnership entities, the Statement:
i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net loss and other comprehensive loss and other financial information of the Company for the quarter and year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Standalone Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matters” paragraph below is sufficient and appropriate to provide a basis for our opinion.
Emphasis of Matter
The comparative financial information of the Company for the quarter and year ended March 31, 2025, included in standalone financial results has been restated to give effect to the adjustments arising from the amalgamation of a wholly owned subsidiary of the Company, Kolte-Patil Integrated Townships Limited (“KPIT”) with the Company, as more fully described in the Note 4 to the accompanying standalone financial results.
Our conclusion on the Statement is not modified in respect of the above matter.
SRBC & COLLP, a Limited Liability Partnership with LLP Identity No. AAB-4318
Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
SRBC & COLLP
Chartered Accountants
Management's Responsibilities for the Standalone Financial Results
The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company is responsible for the preparation and presentation of the Statement that gives a true and fair view of the net loss and other comprehensive loss of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
SRBC & COLLP
Chartered Accountants
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
(a) The accompanying Statement of quarterly and year to date standalone financial results includes the Company's share of net loss after tax of Rs. 315 lakhs and Rs. 18 lakhs and total comprehensive loss of Rs. 315 lakhs and Rs. 18 lakhs for the quarter and year ended March 31, 2026 respectively, as considered in the Statement, in respect of 10 partnership entities, which have been audited by their respective auditors.
The reports of such auditors on annual financial statements and other financial information of these partnership entities have been furnished to us and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these partnership entities, is based solely on the report of such auditors.
(b) The comparative restated financial information, included in standalone financial results/statement, include total assets of Rs. 2,41,011 lakhs as at March 31, 2025, total revenues of Rs. 19,586 lakhs and Rs. 45,049 lakhs; net profit/(loss) of Rs. 3,785 lakhs and Rs. 8,126 lakhs and total comprehensive income of Rs. 3,786 lakhs and Rs. 8,127 lakhs for the quarter and year ended March 31, 2025 respectively, and net cash outflows of Rs. 642 lakhs for the year ended March 31, 2025 as considered in the Statement pertaining to erstwhile wholly owned subsidiary (KPIT), which got amalgamated during the year into the Company and has been accounted for with effect from earliest period presented in accordance with Ind AS. The aforesaid numbers are based on audited financial information/statements prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and audited by the erstwhile Statutory auditor of KPIT whose report for the quarter and year ended March 31, 2025 dated May 24, 2025 expressed unmodified opinion.
Our opinion on the Statement is not modified in respect of the above matters.
(c) The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For SRBC & CO LLP
Chartered Accountants
ICAI Firm Registration Number: 324982E/E300003
Mustafa M Saleem
Digitally signed by Mustafa M Saleem
Date: 2026.05.22
17:28:32 +05'30'
per Mustafa Saleem
Partner
Membership No.: 136969
UDIN: 26136969CPNLKX3041
Place: Pune
Date: May 22, 2026
BALTE-PATIL DEVELOPERS LIMITED
Tel. No. +91 20 67429200. Website: www.koltepati.com. Email: [email protected]
STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
(Rs. in lakhs except earnings per share)
| Sr. No. | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | ||
| (Audited) (refer note 11) | (Unaudited) | (Audited) (refer note 11) | (Audited) | (Audited) | ||
| 1 | Revenue from operations | 24,861 | 26,533 | 71,867 | 73,496 | 1,71,738 |
| 2 | Other income | 1,355 | 1,645 | 453 | 6,754 | 4,635 |
| 3 | Total income (1+2) | 26,216 | 28,178 | 72,320 | 80,250 | 1,76,373 |
| 4 | Expenses | |||||
| (a) Cost of services, construction and land | 74,292 | 67,164 | 47,226 | 2,24,314 | 1,43,031 | |
| (b) (Increase)/decrease in inventories of finished goods and work-in-progress | (56,269) | (48,265) | 6,686 | (1,71,891) | (13,347) | |
| (c) Employee benefits expense | 2,476 | 2,573 | 2,469 | 10,166 | 9,417 | |
| (d) Finance costs | 610 | 1,054 | 637 | 2,665 | 4,191 | |
| (e) Depreciation and amortisation expense | 357 | 397 | 425 | 1,598 | 1,427 | |
| (f) Other expenses | 4,965 | 4,253 | 4,848 | 17,020 | 15,049 | |
| Total expenses (a to f) | 26,431 | 27,176 | 62,291 | 83,872 | 1,59,768 | |
| 5 | Profit/(loss) before share of profit/(loss) of associates, joint ventures for the period/year (net) (3-4) | (215) | 1,002 | 10,029 | (3,622) | 16,605 |
| 6 | Share of profit/(loss) of joint ventures and associates for the period/year | 22 | 18 | 97 | 826 | 512 |
| 7 | Profit/(loss) before tax for the period/year (5+6) | (193) | 1,020 | 10,126 | (2,796) | 17,117 |
| 8 | Tax expense/(credit) | |||||
| -Current tax | 2,760 | 4,102 | 1,720* | 8,582 | 1,962* | |
| -Deferred tax | (1,537) | (3,511) | 1,579* | (7,589) | 4,134* | |
| -Tax pertaining to previous years | 13 | 6 | 198 | 19 | 88 | |
| Total tax expenses for the period/year | 1,236 | 597 | 3,497 | 1,012 | 6,184 | |
| 9 | Net Profit/(loss) after tax (7-8) | (1,429) | 423 | 6,629 | (3,808) | 10,933 |
| Net Profit/(loss) attributable to: | ||||||
| Owners of the Company | (1,575) | 450 | 6,529 | (3,867) | 10,656 | |
| Non-controlling interests | 146 | (27) | 100 | 59 | 277 | |
| 10 | Other comprehensive income (net of tax) | |||||
| Items that will not be reclassified to profit & loss in subsequent periods | ||||||
| -Remeasurements of the defined benefit liabilities/(asset) | (35) | - | (38) | (35) | (38) | |
| -Income tax relating to items that will not be reclassified to Profit or Loss | 13 | - | 8 | 13 | 8 | |
| Other comprehensive income/(loss) (net of tax) attributable to: | ||||||
| Owners of the company | (23) | - | (29) | (23) | (29) | |
| Non-controlling interests | 1 | - | (1) | 1 | (1) | |
| 11 | Total comprehensive income/(loss) for the period/year (9+10) | (1,451) | 423 | 6,599 | (3,830) | 10,903 |
| Total comprehensive income/(loss) attributable to | ||||||
| Owners of the company | (1,598) | 450 | 6,500 | (3,890) | 10,627 | |
| Non-controlling interests | 147 | (27) | 99 | 60 | 276 | |
| 12 | Paid-up equity share capital (Face value of Rs. 10/- each) | 8,868 | 8,868 | 7,600 | 8,868 | 7,600 |
| 13 | Other equity excluding revaluation reserves as per balance sheet | 1,11,821 | 75,412 | |||
| 14 | Earnings per equity share attributable to owners | |||||
| (Face value of Rs. 10/- each)# | ||||||
| Basic (Rs) | (1.78) | 0.51 | 8.59 | (4.51) | 14.02 | |
| Diluted (Rs) | (1.78) | 0.51 | 8.57 | (4.51) | 13.99 |
Basic and Diluted EPS for all periods, except for the year ended March 31, 2026 and March 31, 2025 are not annualised.
*Restated (refer note 4)
Tel. No. +91 20 67429200. Website: www.koltepatil.com. Email: [email protected]
AUDITED CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31, 2026
(Rs. in Lakhs)
| Particulars | As at March 31, 2026 | As at March 31, 2025 | |
|---|---|---|---|
| 1 | ASSETS | (Audited) | (Audited) |
| Non-current assets | |||
| (a) Property, plant and equipment | 13,600 | 12,812 | |
| (b) Capital work-in-progress | 361 | - | |
| (c) Investment property | 9,153 | 1,690 | |
| (d) Other intangible assets | 30 | 56 | |
| (e) Right of use asset | 3,310 | 2,209 | |
| (f) Financial assets | |||
| (i) Investments | 1,081 | 1,942 | |
| (ii) Loans | 133 | 136 | |
| (iii) Other financial assets | 4,357 | 10,713 | |
| (g) Deferred tax assets (net)* | 21,869 | 14,271 | |
| (h) Income tax assets (net)* | 6,877 | 6,258 | |
| (i) Other non-current assets | 6,506 | 24,207 | |
| Total non-current assets | 67,277 | 74,294 | |
| Current assets | |||
| (a) Inventories | 5,27,500 | 3,61,070 | |
| (b) Financial assets | |||
| (i) Investments | 46,559 | 4,074 | |
| (ii) Trade receivables | 6,341 | 6,213 | |
| (iii) Cash and cash equivalents | 20,157 | 18,041 | |
| (iv) Other balances with banks | 30,915 | 25,942 | |
| (v) Other financial assets | 20,720 | 11,221 | |
| (c) Other current assets | 36,274 | 28,228 | |
| Total current assets | 6,88,466 | 4,54,789 | |
| Total assets | 7,55,743 | 5,29,083 | |
| 1 | EQUITY AND LIABILITIES | ||
| EQUITY | |||
| (a) Equity share capital | 8,868 | 7,600 | |
| (b) Other equity | 1,11,821 | 75,412 | |
| Equity attributable to owners of the Company | 1,20,689 | 83,012 | |
| (c) Non-controlling interests | (228) | 720 | |
| Total equity | 1,20,461 | 83,732 | |
| LIABILITIES | |||
| Non-current liabilities | |||
| (a) Financial Liabilities | |||
| (i) Borrowings | 151 | 427 | |
| (ii) Lease liability | 2,717 | 2,015 | |
| (iii) Other financial liabilities | 124 | 106 | |
| (b) Provisions | 1,064 | 1,291 | |
| Total non-current liabilities | 4,056 | 3,839 | |
| 3 | Current liabilities | ||
| (a) Financial Liabilities | |||
| (i) Borrowings | 1,14,064 | 1,10,462 | |
| (ii) Lease liability | 1,410 | 994 | |
| (iii) Trade Payable | |||
| A. Dues of micro and small enterprises | 3,808 | 4,201 | |
| B. Dues of creditors other than micro and small enterprises | 62,151 | 50,125 | |
| (iv) Other financial liabilities | 12,847 | 13,914 | |
| (b) Provisions | 1,880 | 1,635 | |
| (c) Current tax liabilities (net)* | 949 | 96 | |
| (d) Other current liabilities | 4,34,117 | 2,60,085 | |
| Total current liabilities | 6,31,226 | 4,41,512 | |
| Total equity and liabilities | 7,55,743 | 5,29,083 |
*Restated (refer note 4)
Tel. No. +91 20 67429200. Website: www.koltepatil.com. Email: [email protected]
AUDITED CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED MARCH 31, 2026
(Rs. in Lakhs)
| Particulars | For the year ended March 31, 2026 | For the year ended March 31, 2025 | |
|---|---|---|---|
| A | CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit /(loss) before tax and share of profit/(loss) in associates and joint ventures | (3,622) | 16,605 | |
| Adjustment for: | |||
| Depreciation and amortisation expense | 1,598 | 1,427 | |
| Employee stock option expense | (136) | 136 | |
| Profit on sale of property, plant and equipment | (52) | (11) | |
| Rental income from investment properties | (1,049) | - | |
| Provision for doubtful debts/advances | 1,161 | 176 | |
| Finance cost | 2,665 | 4,191 | |
| Interest income | (1,862) | (1,567) | |
| Gain on buyback/sale of investments | (71) | (324) | |
| Provision/liabilities no longer required written back | - | (392) | |
| Gain on derecognition of lease liability | (141) | - | |
| Dividend income | - | (122) | |
| Profit on sale of mutual fund | (451) | (62) | |
| Gain on fair valuation of financial instruments | (1,690) | (75) | |
| Operating profit/(loss) before working capital changes | (3,650) | 19,982 | |
| Adjustments for changes in working capital | |||
| (Increase)/decrease in inventories | (1,59,377) | (2,206) | |
| (Increase)/decrease in trade receivables | (1,048) | (671) | |
| (Increase)/decrease in other assets | 6,294 | (12,271) | |
| Increase/(decrease) in trade payables | 11,633 | (3,049) | |
| Increase/(decrease) in other liabilities | 1,76,135 | 29,292 | |
| Increase/(decrease) in provisions | (17) | 27 | |
| Cash generated from operating activities | 29,970 | 31,104 | |
| Income tax paid (net of refund) | (8,268) | (2,914) | |
| Net cash generated from operating activities (A) | 21,702 | 28,190 | |
| B | CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment and other intangible assets | (3,770) | (5,745) | |
| Payment for acquisition of interest in subsidiary | (2,920) | (1,621) | |
| Investment in associates/joint venture | - | (846) | |
| Loans given to joint venture | (114) | - | |
| Loans repaid by joint venture | 2,106 | - | |
| Consideration received for shares bought back/proceeds from divestment | 425 | 1,525 | |
| Proceeds from sale of property, plant & equipment | 867 | 24 | |
| Investment in mutual funds/Purchase of units in mutual fund | (81,823) | (21,031) | |
| Proceed from divestment of mutual fund/sale of units in mutual fund | 41,480 | 26,925 | |
| Rent received | 1,049 | - | |
| Dividend received | 375 | 122 | |
| Bank deposits placed/realized (net) | 3,162 | (18,428) | |
| Interest received | 1,869 | 1,359 | |
| Movement in escrow accounts considered as other bank balances | (10,088) | (6,367) | |
| Net cash used in investing activities (B) | (47,382) | (24,083) | |
| C | CASH FLOW FROM FINANCING ACTIVITIES | ||
| Payment of principal portion of lease liabilities | (885) | (809) | |
| Payment to non-controlling interest | (568) | - | |
| Payment of interest on lease liability | (393) | (403) | |
| Proceeds from issue of share capital (including securities premium) | 41,703 | - | |
| Repayment of borrowings | (57,508) | (42,958) | |
| Proceeds from borrowings | 57,064 | 41,391 | |
| Dividend paid | - | (3,040) | |
| Interest paid | (11,617) | (10,223) | |
| Net cash (used in)/generated from financing activities (C) | 27,796 | (16,042) | |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | 2,116 | (11,935) | |
| Cash and cash equivalents (opening balance) | 18,041 | 29,976 | |
| Cash and cash equivalents (closing balance) | 20,157 | 18,041 | |
| Cash and cash equivalents comprise of: | |||
| Cash in hand | 10 | 19 | |
| Balances with banks | |||
| - In current accounts | 16,400 | 16,544 | |
| - Deposit having original maturity of less than 3 months | 3,747 | 1,478 | |
| Total | 20,157 | 18,041 |
Registered Office: 8th Floor, City Bay, CT5 No. 14 (P), 17 Boat Club Road, Pune - 411001
Notes:
-
The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 22, 2026 and were subjected to audit by the Statutory Auditors.
-
The Group is predominantly engaged in the business of Real Estate. Thus there are no separate reportable operating segments in accordance with Indian Accounting Standard ("Ind AS") 108 -Operating Segments.
-
Since, the nature of activities being carried out by the Group is such that profits/(losses) from certain transactions do not necessarily accrue evenly over the year, results of a quarter may not be representative of profits/(losses) for the year.
-
Pursuant to provisions of Section 230-232 of the Companies Act, 2013, the Board of Directors of the Company on February 11, 2025 had approved the scheme of amalgamation of Kolte-Patil Integrated Townships Limited ("KPIT") (a wholly owned subsidiary of the Company) with Kolte-Patil Developers Limited ("KPDL") with appointed date of April 01, 2024 ("the Scheme"). National Company Law Tribunal ("NCLT") approved the above scheme vide its order dated October 07, 2025 and the merger became effective on October 31, 2025 on filing of the NCLT Order with the Registrar of Companies. The merger has been accounted as Business Combination of entities under common control as per Appendix C to Ind AS 103 - Business Combinations.
The aforesaid scheme has no impact on the Consolidated Financial Results of the Group since the scheme of merger was between the Holding Company and its wholly owned subsidiary, except for the tax expense for the quarter ended March 31, 2025 and year ended March 31, 2025 and income tax asset, current tax liability and deferred tax asset in the statement of assets and liabilities as at March 31, 2025 which have been restated to include the effects of this merger.
- Issue of NCD's during the year:
(a) On October 16, 2025, the Debenture Allotment Committee allotted 13,996 Series 4 fully, secured, listed, rated, zero coupon, redeemable, non-convertible debentures of par value Rs. 1,00,000/- each aggregating to Rs. 13,996 Lakhs, on a private placement basis to Marubeni Corporation, Japan. Unless redeemed earlier, NCDs shall be for a period of 120 months. The NCDs are secured by way of a registered mortgage over right, title and interest possessed in the Project Land and/or the earmarked units identified in respective Debenture Trust Deed ('DTD') and hypothecation on the receivables/ cash-flows arising from the earmarked units identified in respective DTD, as stated in the respective information memorandum/key information document, as applicable. The NCDs shall be redeemed at premium which is linked to collections made from sale of the earmarked units. These NCDs along with above redemption premium will be redeemed as and when the revenues are collected by the company in accordance with the debenture trust deed, as amended from time to time.
(b) On December 05, 2025, the Debenture Allotment Committee allotted 10,994 Series 4 fully, secured, listed, rated, zero coupon, non-convertible debentures of par value Rs. 1,00,000/- each aggregating to Rs. 10,994 Lakhs, on a private placement basis to Marubeni Corporation, Japan. Unless redeemed earlier, NCDs shall be for a period of 120 months. The NCDs are secured by way of a registered mortgage over right, title and interest possessed in the Project Land and/or the earmarked units identified in respective Debenture Trust Deed ('DTD') and hypothecation on the receivables/ cash-flows arising from the earmarked units identified in respective DTD, as stated in the respective information memorandum/key information document, as applicable. The NCDs shall be redeemed at premium which is linked to collections made from sale of the earmarked units. These NCDs along with above redemption premium will be redeemed as and when the revenues are collected by the company in accordance with the debenture trust deed, as amended from time to time.
- The total listed secured Non-Convertible Debentures (NCDs), outstanding as on March 31, 2026 are as follows:
(a) 20,650 Senior, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 100,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 9,327 lakhs towards the outstanding principal amount and has paid Rs. 4,695 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 11,323 lakhs with a reduced face value of Rs. 54,831 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.33 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(b) 11,090 Senior, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 5,244 lakhs towards the outstanding principal amount and has paid Rs. 639 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 5,846 lakhs with a reduced face value of Rs. 52,718 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 2.14 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(c) 13,377 Series 3 Fully, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 6,058 lakhs towards the outstanding principal amount and has paid Rs. 1,608 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 7,319 lakhs with a reduced face value of Rs. 54,715 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.18 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(d) 13,996 Series 4 Fully, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 447 lakhs towards the outstanding principal amount and has paid Rs. 118 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 13,549 lakhs with a reduced face value of Rs. 96,808 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.08 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
(e) 10,994 Series 4 Fully, Secured, Listed, Rated, Redeemable, Zero coupon NCDs of face value Rs. 1,00,000 each.
As at, March 31, 2026, the Company has redeemed debentures amounting to Rs. 327 lakhs towards the outstanding principal amount and has paid Rs. 95 lakhs towards the redemption premium payable on such debentures. The outstanding principal amount of these debentures is Rs. 10,667 lakhs with a reduced face value of Rs. 97,026 per debenture. The security cover in respect of these outstanding Non-Convertible Debentures as on March 31, 2026 is 1.03 times principal amount outstanding as at period end which has been calculated on the basis of valuation of underlying project as at March 31, 2026.
The NCDs are secured by way of a registered mortgage over right, title and interest possessed by the Company in the Project Land and/or the earmarked units identified in respective Debenture Trust Deed ('DTD') and hypothecation on the receivables/ cash-flows arising from the earmarked units identified in respective DTD, as stated in the respective information memorandum/key information document, as applicable.
- The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Codes viz Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as 'the New Labour Codes'). The New Labour Codes have been made effective from November 21, 2025.
Based on the Group's assessment, the New Labour Codes do not have material impact on the consolidated financial results for the year ended March 31, 2026. The Group continues to monitor the finalisation of Central/State rules and clarifications from the Government on other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments as needed.
8 On March 13, 2025, the Company had entered into Share Subscription Agreement ("SSA") between the Company, BREP Asia III India Holding Co VII Pte. Ltd. ("Acquirer") and Mr. Rajesh Anirudha Patil, Late Mr. Naresh Anirudha Patil, Mr. Milind Digambar Kolte, Mr. Yashvardhan Rajesh Patil and Mr. Harshavardhan Naresh Patil, in relation to the Preferential Issue of the Subscription Shares to the Acquirer on the terms and conditions contained therein. Pursuant to such SSA, the Preferential Issue Shares Allotment Committee of the Board of Directors of the Company at its meeting held on June 23, 2025, approved the allotment of 1,26,75,685 equity shares having face value of INR 10/- each, at a premium of Rs. 319 per equity share (total Rs. 329 per equity share), aggregating to Rs. 41,703 lakhs by way of a preferential allotment on a private placement basis to Acquirer. These equity shares were issued on June 23, 2025 and rank pari-passu with the existing issued equity shares of the Company in all respects including the payment of dividend and voting rights, if any. The corresponding costs pertaining to such preferential issue amounting to Rs. 200 lakhs have been included in other expenses for the year ended March 31, 2026.
9 Further, on March 13, 2025, the Company had entered into Share Purchase Agreement ("SPA") between the Acquirer, the Company, Mr. Rajesh Anirudha Patil, Late Mr. Naresh Anirudha Patil, Mr. Milind Digambar Kolte, Ms. Sunita Rajesh Patil, Ms. Vandana Naresh Patil, Ms. Sunita Milind Kolte, Mr. Yashvardhan Rajesh Patil, Ms. Ankita Rajesh Patil, Mr. Harshavardhan Naresh Patil and Ms. Priyanjali Naresh Patil ("Sellers") for the Acquirer to acquire from the Sellers equity shares constituting 25.70% of the paid-up post-proposed preferential issue equity share capital of the Company on the terms and conditions contained therein. Consequently, the Acquirer acquired such 2,27,96,353 equity shares from the Sellers on August 11, 2025. Subsequent to the above preferential issue and acquisition of shares, Acquirer holds 40% equity stake in the Company.
10 During the year ended March 31, 2026, the Company and/or its subsidiary have sold it's stake and hence ceases to be shareholder/partner from Kolte-Patil Realtors Private Limited (vide Share Purchase Agreement dated August 06, 2025), Regenesis Project Management LLP (vide Reconstituted LLP Agreement dated August 06, 2025), Amco Landmark Realty (vide Deed of Retirement dated August 07, 2025) and Ayaan Vihan Land Development (vide Deed of Retirement dated August 06, 2025). Accordingly, resulting gain of Rs. 71 lakhs has been recognised in the statement of profit and loss account for the year ended March 31, 2026. Additionally, Ankit Enterprises (subsidiary) and Kolte-Patil Nivasti Developers & Builders LLP (joint venture) have been converted from partnership firm/LLP into company w.e.f July 06, 2025 and July 03, 2025 respectively.
11 The figures for the quarter ended March 31, 2026 and March 31, 2025 are the derived figures between audited figures in respect of full financial year and the unaudited published year to date figures up to the third quarter of the respective financial year which were subjected to limited review.
12 The Board of Directors of the Company at its meeting dated May 22, 2026 have approved the draft scheme of amalgamation involving amalgamation of Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited, wholly-owned subsidiaries of the Company with the Company under Section 230 to 232 of the Companies Act, 2013 read with applicable rules made thereunder. The Scheme is conditional and subject to necessary statutory and regulatory approvals/permissions including approval of National Company Law Tribunal, Mumbai and Members and consent from the creditors of the wholly owned subsidiaries/ the Company, as applicable.
13 During the year, the subsidiary of the Company has ceased to be partner from Suncity N&N Infrastructures LLP vide Deed of Retirement dated April 01, 2026 (with effective date as March 31, 2026).
14 The financial results will be posted on the website of the Company www.koltepatil.com and will be available on website of the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).
For and on behalf of the Board of Directors of
Kolte-Patil Developers Limited
RAJESH
Digitally signed by
RAJESH
SERVICESHIPPING OFFICE
ANIRUDD
Date: 06/06/2012
HA PATIL
© 2012 KOLTE-PATIL
Rajesh Patil
Managing Director
(DIN- 00381866)
Place: Pune
Date: May 22, 2026
EOLTE-PATIL DEVELOPERS LIMITED
Additional information pursuant to Regulation S2(4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended for Consolidated financial results as at and for the quarter and year ended March 31, 2026:
| Sr. No. | Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|---|
| March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | ||
| (Audited) (Refer note 11) | (Unaudited) | (Audited) (Refer note 11) | (Audited) | (Audited) | ||
| 1 | Debt equity ratio (Debt/Equity) Debt = Borrowing + Lease liabilities (Non-Current and Current) Equity = Equity share capital + Other equity + Non-controlling interests | 0.98 | 1.04 | 1.36 | 0.98 | 1.36 |
| 2 | Debt service coverage ratio (Earnings available for Debt Service/Debt Service) Earnings available for Debt Service = Profit before taxes + finance cost (net)^ + depreciation and amortisation expenses + Provision for doubtful debts/advances Debt Service = Finance cost (Gross)* + Lease Payments + Principal Repayments | 0.03 | 0.14 | 1.11 | 0.02 | 0.38 |
| 3 | Interest service coverage ratio (Earning available for Finance cost/Finance cost) Earnings available for Finance cost = Profit before taxes + finance cost (net)^ + depreciation and amortisation expenses + Provision for doubtful debts/advances Finance cost (Gross)* = Interest on loan borrowed + interest on lease liabilities and other finance charges | 0.16 | 0.74 | 4.92 | 0.11 | 1.47 |
| 4 | Current ratio# (Current assets/Current liabilities) | 1.09 | 1.11 | 1.03 | 1.09 | 1.03 |
| 5 | Long term debt to working capital ratio# (Long term debt)/(Working capital) Long term debt = Non current borrowings + Non current Lease Liabilities + Current maturities of long term debt Working capital = Current Assets - Current liabilities excluding Current maturities of long term debt | 0.68 | 0.68 | 0.92 | 0.68 | 0.92 |
| 6 | Bad debts to net account receivable ratio (Bad debts/Average net trade receivables) Bad debts = Provision for doubtful debts Average net trade receivables = Average of opening and closing balance of net trade receivables | 0.01 | 0.06 | 0.00 | 0.15 | 0.00 |
| 7 | Current liability ratio# (Current liabilities/Total liabilities) | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 |
| 8 | Total debts to total assets ratio# (Debt/Total assets) Debt = Borrowing + Lease liabilities (Non-Current and Current) | 0.16 | 0.18 | 0.21 | 0.16 | 0.21 |
| 9 | Debtors turnover ratio (Turnover/Average net trade receivables) Turnover = Revenue from operations Average net trade receivables = Average of opening and closing balance of net trade receivables | 3.82 | 3.80 | 12.94 | 11.71 | 29.16 |
| 10 | Inventory turnover ratio [(Cost of services, construction and land+Change in inventories of finished goods and work-in-progress)/Average inventory] Average inventory = Average of opening and closing balance of inventory | 0.04 | 0.04 | 0.15 | 0.12 | 0.37 |
| 11 | Operating margin(%) (EBITDA /Turnover) EBITDA = Earning before interest, taxes, depreciation, amortisation expenses, other income and share of profit/(loss) of joint ventures and associates for the period Turnover = Revenue from operations | -2.43% | 3.05% | 14.80% | -8.32% | 10.24% |
| 12 | Net profit margin (%) (Net profit after tax/Total income) | -5.45% | 1.50% | 9.17% | -4.75% | 6.20% |
| 13 | Capital redemption reserve (Rs. in Lakhs) | 3,944 | 3,944 | 3,944 | 3,944 | 3,944 |
| 14 | Net worth (Rs. in Lakhs) (excluding NCI) (Equity share capital + Other equity) | 1,20,685 | 1,22,287 | 83,012 | 1,20,686 | 83,012 |
| 15 | Net profit/(loss) after tax (Rs. in Lakhs) | (1,429) | 423 | 6,629 | (3,808) | 10,933 |
| 16 | Earnings Per Share (EPS) (Face value of Rs. 10/- each) not annualised Basic (Rs) Diluted (Rs) | (1.78) (1.78) | 0.51 0.51 | 8.59 8.57 | (4.51) (4.51) | 14.02 13.99 |
Note: The above ratios are not annualised for the year, except for the year ended March 31, 2026 and March 31, 2025.
^Net of finance cost capitalised.
*Finance cost charged to P&L and finance cost capitalised.
Restated (refer note 4)
SRBC & COLLP
Chartered Accountants
Ground floor, Tower C Unit 1,
Panchshil Tech Park One, Loop road,
Near Don Bosco School, Yerwada
Pune - 411 006, India
Tel: +91 20 6603 6000
Independent Auditor’s Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
The Board of Directors of
Kolte-Patil Developers Limited
Report on the audit of the Consolidated Financial Results
Opinion
We have audited the accompanying statement of quarterly and year to date consolidated financial results of Kolte-Patil Developers Limited (“Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associates and joint ventures for the quarter and year ended March 31, 2026 (the “Statement”), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”)
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements/ financial results/financial information of the subsidiaries / associates / joint ventures, the Statement:
i. includes the results of the following entities
Subsidiaries
| Kolte-Patil Real Estate Private Limited |
|---|
| Sylvan Acres Realty Private Limited |
| Regenesis Facility Management Company Private Limited |
| Kolte-Patil Properties Private Limited |
| Kolte-Patil Lifespaces Private Limited |
| Kolte-Patil Integrated Townships Limited (merged with the Holding Company – refer note 4 of the Statement) |
| KPE Private Limited |
| Kolte-Patil Services Private Limited |
| Kolte-Patil Realtors Estate Private Limited (till August 06, 2025) |
| Kolte-Patil Smart Spaces Private Limited (Formerly known as Kolte-Patil Columbia Pacific Senior Living Private Limited) |
| Custard Real Estate Private Limited |
| Kolte-Patil Housing Mumbai Private Limited (Formerly known as Vistacon Projects Private Limited) |
| Kolte Patil Foundation |
| Suncity N&N infrastructures LLP (till March 31, 2026) |
| Ankit Landmarks Private Limited (Formerly known as “Ankit Enterprises”) (Converted into company w.e.f. July 06, 2025) |
| KP-Rachana Real Estate LLP |
| Bouvardia Developers LLP |
| KP-SK Project Management LLP |
| Carnation Landmarks LLP |
SRBC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318
Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
| Regenesis Project Management LLP (till August 06, 2025) |
|---|
| Bluebell Township Facility Management LLP |
| Kolte-Patil Infratech DMCC |
| Kolte-Patil Nivasti Projects LLP (Formerly known as Castle Avenues Realty LLP) |
| Kolte-Patil Mumbai Projects LLP |
| Kolte-Patil Developers (Pune) LLP |
Joint Ventures
| Amco Landmarks Realty (till August 07, 2025) |
|---|
| Kolte-Patil Nivasti Developers and Builders Private Limited (Formerly known as “Kolte-Patil Nivasti Developers and Builders LLP”) (Converted into company w.e.f July 03, 2025) |
| Aayan Vihan Land Development (till August 06, 2025) |
Associates (together referred as ‘Associate Group’)
| Kolte-Patil Planet Kiwale Project Private Limited (Formerly known as Kolte-Patil Kiwale Project Private Limited) |
|---|
| Snowflower Properties Private Limited |
| Kolte-Patil Planet Real Estate Private Limited |
ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net loss and other comprehensive loss and other financial information of the Group, its associates and joint ventures for the quarter and year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143(10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Consolidated Financial Results” section of our report. We are independent of the Group, its associates and joint ventures in accordance with the ‘Code of Ethics’ issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in “Other Matters” paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Management’s Responsibilities for the Consolidated Financial Results
The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company’s Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net loss and other comprehensive loss and other financial information of the Group including its associates and joint ventures in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of their respective companies and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.
In preparing the Statement, the respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for assessing the ability of their respective companies to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are also responsible for overseeing the financial reporting process of their respective companies.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and joint ventures to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associates and joint ventures of which we are the independent auditors to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the Master Circular issued by the Securities Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
Other Matters
The accompanying Statement includes the audited financial results/statements and other financial information, in respect of:
-
23 subsidiaries whose financial statements/results reflect total assets of Rs. 97,623 lakhs as at March 31, 2026, total revenues of Rs. 519 lakhs and Rs. 7,991 lakhs, total net profit/(loss) after tax of Rs. 594 lakhs and Rs. (708) lakhs and total comprehensive profit/(loss) of Rs. 628 lakhs and Rs. (689) lakhs for the quarter and year ended on that date respectively, and net cash outflow of Rs. 2,371 lakhs for the year ended March 31, 2026 as considered in the respective standalone audited financial statements/results of the entities included in the Group which have been audited by their respective independent auditors.
-
3 joint ventures, whose financial statements/results include Group's share in net loss of Rs. 19 Lakhs and Rs. 16 Lakhs and total comprehensive income of Rs. 19 Lakhs and Rs. 16 Lakhs for the quarter and for the year ended March 31, 2026 respectively as considered in the Statement whose financial statements/results and other financial information have been audited by their respective independent auditors.
The independent auditor’s report on the financial statements/financial results/financial information of these entities have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint ventures is based solely on the reports of such auditors and the procedures performed by us as stated in paragraph above.
The accompanying Statement includes unaudited financial statements/results and other unaudited financial information in respect of:
- 3 associates, whose financial statements/results include Group’s share in net profit of Rs. 78 Lakhs and Rs. 495 Lakhs and total comprehensive income of Rs. 78 Lakhs and Rs. 495 Lakhs for the quarter and for the year ended March 31, 2026 respectively as considered in the Statement whose financial statements/results and other financial information have not been audited by any auditor.
These unaudited financial statements/financial information/financial results have been approved and furnished to us by the management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these associates, is based solely on such unaudited financial statements/financial information/financial results. In our opinion and according to the information and explanations given to us by the Management, these financial statements/financial information/financial results are not material to the Group.
Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Management.
The Statement includes the results for the quarter ended March 31, 2026 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For SRBC & CO LLP
Chartered Accountants
ICAI Firm Registration Number: 324982E/E300003
Mustafa M Saleem
Digitally signed by Mustafa M Saleem
Date: 2026.05.22
17:29:15 +05'30'
per Mustafa Saleem
Partner
Membership No.: 136969
UDIN: 26136969NFRUNH2455
Place: Pune
Date: May 22, 2026
KOLTE PATIL
Creation, not Construction
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,
1st floor, Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
Date: 22 May 2026
Sub: Declaration with respect to unmodified opinion in the Auditor's Report on the Annual Audited Financial Results (Standalone & Consolidated) for the Financial Year ended 31 March 2026
ISIN: Equity: INE094I01018 and Debt: INE094I07049, INE094I07064, INE094I07072, INE094I07080 and INE094I07098.
Ref: BSE Code and Scrip Code - Equity: 9624 and 532924
- BSE Security Code and Security Name – Debt: 974771 and KPDLZC33
- BSE Security Code and Security Name – Debt: 975276 and KPDL221223
- BSE Security Code and Security Name – Debt: 976030 and 0KPDL34
- BSE Security Code and Security Name – Debt: 977231 and KPDL161025
- BSE Security Code and Security Name – Debt: 977351 and 0KPDL35
Ref: Regulation 33(3)(d) and 52(3)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with para 4.1 of the Circular No. CIR/CFD/CMD/56/2016 dated 27 May 2016.
Dear Sir/Madam,
We hereby declare that the Statutory Auditors of the Company M/s. S R B C & CO LLP, Chartered Accountants (FRN: 324982E/E-300003) have issued an Audit Report with unmodified opinion on Audited Financial Results (Standalone & Consolidated) for the Financial Year ended 31 March 2026.
Kindly take this declaration on record.
For Kolte-Patil Developers Limited
Vinod
Eknath Patil
Digitally signed by
Vinod Eknath Patil
Date: 2026.05.22
18:12:02 +00'00'
Vinod Patil
Company Secretary and Compliance Officer
Membership No. A13258
KOLTE-PATIL DEVELOPERS LTD.
CIN: L45200PN1991PLC129428
Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune - 411001, Maharashtra, India. Tel.: +91 20 6742 9200
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]