Kolte - Patil Developers Limited has informed the Exchange regarding a press release dated April 16, 2026, titled "Operational Update for Q4 & FY26".
KOLTEPATIL · price
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Kolte-Patil Developers reported strong Q4 FY26 sales of Rs. 714 crore (up 13% YoY) and record quarterly collections of Rs. 834 crore (up 18% YoY). Full year FY26 sales stood at Rs. 2,605 crore with record annual collections of Rs. 2,689 crore, up 11% YoY. Average price realization hit a record Rs. 9,601 per sq. ft. in Q4, up 21% YoY, while FY26 realization was Rs. 8,314 per sq. ft., up 7% YoY. Sales volume declined 13% YoY to 3.13 million sq. ft., but higher realizations helped maintain value. The company acquired new projects in Bhugaon with GDV of ~Rs. 2,250 crore (~3 million sq. ft.) and saw Blackstone acquire a 40% stake as a strategic partner.
Strong collections growth and Blackstone partnership provide confidence in execution capability. Higher realization prices offset volume decline, suggesting pricing power and product mix improvement. The strategic Blackstone investment signals institutional backing for future growth.