Financial Results presentation Q4 & FY26
KOLTEPATIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kolte-Patil Developers (KPDL) reported FY26 pre-sales of Rs.2,605 Cr, collections of Rs.2,689 Cr (highest-ever annually), and operating cash flow of Rs.791 Cr. Q4 FY26 saw pre-sales of Rs.714 Cr and record quarterly collections of Rs.834 Cr. However, EBITDA collapsed to Rs.14.7 Cr (1.8%) vs Rs.227.3 Cr (12.9%) in FY25, and the company posted a net loss of Rs.38.7 Cr for FY26, driven by construction cost inflation and project mix. Blackstone holds a 40% stake following a phased equity investment. The project portfolio stands at ~37 Mn. Sq. Ft. with a top-line potential of ~Rs.29,300 Cr. KPDL maintains a 'CRISIL AA-/Stable' rating with gross debt of Rs.1,142 Cr, partially offset by cash of Rs.669 Cr.
The sharp EBITDA margin compression to 1.8% and net loss are concerning, though the company has strong collections and cash generation. Blackstone's strategic partnership (40% stake) adds credibility, but the near-term profitability weakness may weigh on the stock until margins recover.