Kolte - Patil Developers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
KOLTEPATIL · price
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Awaiting price reaction for this filing.
Kolte-Patil Developers reported a weak Q1 FY26 with consolidated revenue from operations falling sharply to Rs. 82.4 crore from Rs. 340.8 crore in Q1 FY25, a drop of about 76% year-on-year. The company slipped into a consolidated net loss of Rs. 16.9 crore, compared to a profit of Rs. 6.4 crore in the same quarter last year. Total expenses remained high at Rs. 119.3 crore, pushing the company to a loss before tax of Rs. 22.2 crore. The operating margin turned deeply negative at -31.5% versus +1.8% in Q1 FY25. The auditor (S R B C & CO LLP) issued a clean limited review report with no qualifications. The company highlighted that real estate results are not evenly spread across quarters, so Q1 may not reflect full-year performance.
Q1 results are disappointing and likely to put short-term pressure on the stock. However, the company recently raised Rs. 417 crore through a preferential allotment to Blackstone (BREP Asia III) and saw a change in control arrangement, which strengthens the balance sheet and brings a marquee investor on board. Shareholders should note both the weak quarterly performance and the longer-term capital and ownership changes.