Kolte - Patil Developers Limited has informed the Exchange regarding 'Operational Update for Q1 FY26'.
KOLTEPATIL · price
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Awaiting price reaction for this filing.
Kolte-Patil Developers reported Q1 FY26 sales value of Rs. 616 crore on volumes of 0.84 million sq. ft., marking a 5% sequential rise in volume but a 2.3% dip in value. Collections stood at Rs. 550 crore, down 21.8% from the previous quarter and 10.1% lower year-on-year. Average realisation fell 7.2% QoQ to Rs. 7,337 per sq. ft. The flagship Life Republic Integrated Township contributed 0.53 million sq. ft. of the quarterly volume. In a major development, Blackstone Funds (BREP Asia III) picked up a 14.3% stake via preferential allotment on June 23, 2025, becoming a strategic shareholder.
The Blackstone entry is a clear vote of confidence from a marquee global investor and could support the stock sentiment, but the YoY decline in sales value (-13.3%), volumes (-12.5%) and collections signals near-term demand softness that investors should track closely.