Kolte - Patil Developers Limited has informed the Exchange regarding a press release dated July 29, 2025, titled "Q1 FY26 Financial Results".
KOLTEPATIL · price
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Awaiting price reaction for this filing.
Kolte-Patil Developers reported its Q1 FY26 (quarter ended June 30, 2025) results, showing a mixed picture. Sales volume rose 5% quarter-on-quarter to 0.84 million sq. ft., but sales value fell 2.3% to Rs. 616 crore and collections dropped 21.8% to Rs. 550 crore. Realisation per sq. ft. declined 7.2% QoQ to Rs. 7,337. The company swung to a loss this quarter, posting a negative Adjusted EBITDA of Rs. 11.2 crore and an Adjusted Net Loss of Rs. 17 crore, compared to a profit of Rs. 65.3 crore in Q4 FY25. On the positive side, Blackstone Funds acquired a 14.3% equity stake in the company on June 23, 2025, infusing Rs. 417 crore earmarked as growth capital.
Short-term sentiment may be negative due to the quarterly loss, weaker collections, and lower realisation. However, the Rs. 417 crore investment from Blackstone strengthens the balance sheet and provides growth capital, which could support future expansion and is a significant long-term positive for shareholders.