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Kolte-Patil Developers Q2 FY27 results: net profit ₹5.70 crore vs ₹11.14 crore loss, revenue up 141.1%
Kolte-Patil Developers Limited reported consolidated revenue of ₹334.37 crore in Q2 FY27, up 141.1% from Q2 FY26. Profit before tax was ₹8.72 crore and net profit was ₹5.70 crore, versus losses in the year-ago quarter, while basic EPS was ₹0.59.
Key points
- Consolidated revenue was ₹334.37 crore in Q2 FY27, up 141.1% from ₹138.66 crore in Q2 FY26.
- EBITDA was a loss of ₹0.31 crore in Q2 FY27, with a margin of -0.1%, compared with a loss of ₹37.23 crore and a margin of -26.8% in Q2 FY26.
- Profit before tax was ₹8.72 crore in Q2 FY27, compared with a loss of ₹21.63 crore in Q2 FY26.
- Net profit was ₹5.70 crore in Q2 FY27, compared with a loss of ₹11.14 crore in Q2 FY26; basic EPS was ₹0.59.
- For H1 FY27, revenue was ₹1,253.91 crore, up 467.3% from ₹221.02 crore in H1 FY26, and net profit was ₹152.36 crore versus a loss of ₹28.02 crore.
How did Kolte-Patil Developers perform in Q2 FY27?
Kolte-Patil Developers reported consolidated revenue of ₹334.37 crore in Q2 FY27, up 141.1% from ₹138.66 crore in Q2 FY26. Total income was ₹351.51 crore, up 117.3% from ₹161.75 crore. EBITDA was a loss of ₹0.31 crore, compared with a loss of ₹37.23 crore, while the EBITDA margin improved to -0.1% from -26.8%.
Profit before tax was ₹8.72 crore in Q2 FY27, compared with a loss of ₹21.63 crore in Q2 FY26, and net profit was ₹5.70 crore versus a loss of ₹11.14 crore. Basic EPS was ₹0.59 against a loss of ₹1.18. On a standalone basis, revenue was ₹314.93 crore and net profit was ₹14.69 crore, compared with a loss of ₹7.46 crore in the year-ago quarter.
Against Q1 FY27, consolidated revenue fell 63.6% to ₹334.37 crore from ₹919.54 crore. EBITDA moved to a loss of ₹0.31 crore from ₹189.51 crore, and the margin fell 20.7 percentage points to -0.1% from 20.6%. Profit before tax fell 95.6% to ₹8.72 crore, net profit fell 96.1% to ₹5.70 crore, and basic EPS fell 96.4% to ₹0.59 from ₹16.49.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 334.37 | 919.54 | 138.66 | +141.1% | −63.6% |
| Other income | 17.14 | 17.08 | 23.09 | −25.8% | +0.4% |
| Total expenses | 342.79 | 736.87 | 183.38 | +86.9% | −53.5% |
| EBITDA | −0.31 | 189.51 | −37.23 | turned to loss | |
| EBITDA margin | -0.1% | 20.6% | -26.8% | +26.7 pp | −20.7 pp |
| Profit before tax | 8.72 | 199.75 | −21.63 | turned to profit | −95.6% |
| Tax | 3.28 | 52.83 | −2.89 | −93.8% | |
| Net profit | 5.70 | 146.66 | −11.14 | turned to profit | −96.1% |
| EPS (₹) | 0.59 | 16.49 | −1.18 | turned to profit | −96.4% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Kolte-Patil Developers' costs and profit?
Total expenses rose ₹159.41 crore, or 86.9%, to ₹342.79 crore in Q2 FY27 from ₹183.38 crore in Q2 FY26. Cost of materials increased ₹72.12 crore, or 12.2%, to ₹661.66 crore; employee cost increased ₹7.52 crore, or 27.5%, to ₹34.87 crore; finance costs increased ₹0.05 crore, or 1.5%, to ₹3.32 crore; depreciation increased ₹0.57 crore, or 13.5%, to ₹4.79 crore; and other expenses increased ₹3.47 crore, or 7.3%, to ₹50.87 crore.
Other income fell ₹5.95 crore, or 25.8%, to ₹17.14 crore from ₹23.09 crore. Tax was ₹3.28 crore, against a tax credit of ₹2.89 crore in Q2 FY26. Despite the higher expenses and lower other income, EBITDA improved by ₹36.92 crore, profit before tax improved by ₹30.35 crore and net profit improved by ₹16.84 crore. There was no exceptional item in either quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 661.66 | 589.54 | +72.12 | +12.2% |
| Employee cost | 34.87 | 27.35 | +7.52 | +27.5% |
| Finance costs | 3.32 | 3.27 | +0.05 | +1.5% |
| Depreciation | 4.79 | 4.22 | +0.57 | +13.5% |
| Other expenses | 50.87 | 47.40 | +3.47 | +7.3% |
| Total expenses | 342.79 | 183.38 | +159.41 | +86.9% |
| Other income | 17.14 | 23.09 | −5.95 | −25.8% |
| Tax | 3.28 | −2.89 | +6.17 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Kolte-Patil Developers reported consolidated revenue of ₹1,253.91 crore, up 467.3% from ₹221.02 crore in H1 FY26. Total income rose 398.2% to ₹1,288.13 crore from ₹258.56 crore. Profit before tax was ₹208.47 crore, compared with a loss of ₹44.09 crore, and net profit was ₹152.36 crore versus a loss of ₹28.02 crore.
Basic EPS for H1 FY27 was ₹17.09, compared with a loss of ₹3.31 in H1 FY26. The filing also reported standalone H1 cash from operating activities of ₹32,124 lakh, compared with ₹18,388 lakh in the year-ago period.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1,254 | 221.02 | +467.3% |
| Profit before tax | 208.47 | −44.09 | turned to profit |
| Net profit | 152.36 | −28.02 | turned to profit |
| EPS (₹) | 17.09 | −3.31 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, consolidated total assets were ₹8,234.93 crore, compared with ₹7,557.43 crore at 31 March 2026. Total equity was ₹1,357.90 crore against ₹1,204.61 crore, while borrowings fell to ₹908.82 crore from ₹1,142.15 crore. Cash was ₹186.11 crore against ₹201.57 crore.
Inventories increased to ₹5,798.51 crore from ₹5,275.00 crore, trade receivables to ₹101.46 crore from ₹63.41 crore, and trade payables to ₹1,177.91 crore from ₹659.59 crore. For H1 FY27, consolidated operating cash flow was ₹322.40 crore, compared with ₹163.55 crore in H1 FY26; investing cash flow was negative ₹34.54 crore against negative ₹485.20 crore, and financing cash flow was negative ₹303.32 crore against positive ₹256.20 crore.
Capital expenditure for H1 FY27 was ₹41.04 crore, compared with ₹22.87 crore in H1 FY26. The standalone cash-flow statement showed closing cash and cash equivalents of ₹12,820 lakh at 30 September 2026, against an opening balance of ₹16,469 lakh and a net cash decrease of ₹3,649 lakh.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 8,235 | 7,557 |
| Total equity | 1,358 | 1,205 |
| Borrowings | 908.82 | 1,142 |
| Cash and equivalents | 186.11 | 201.57 |
| Inventories | 5,799 | 5,275 |
| Trade receivables | 101.46 | 63.41 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 322.40 | 163.55 |
| Cash from investing | −34.54 | −485.20 |
| Cash from financing | −303.32 | 256.20 |
| Capital expenditure | 41.04 | 22.87 |
Source: Company's results filing (XBRL).
How has Kolte-Patil Developers done over the last 8 quarters?
Revenue reached its highest level in the supplied series in Q1 FY27 at ₹919.54 crore, before falling to ₹334.37 crore in Q2 FY27. Q2 FY26 was the lowest at ₹138.66 crore. Revenue has risen year on year in each of the last two quarters, according to the supplied trend data.
Profit peaked at ₹146.66 crore in Q1 FY27 and fell to ₹5.70 crore in Q2 FY27. The lowest profit in the series was a loss of ₹16.88 crore in Q1 FY26, while Q2 FY27 recorded positive profit. The EBITDA margin was 20.6% in Q1 FY27 and -0.1% in Q2 FY27; its lowest point was -31.5% in Q1 FY26.
What else did the company announce?
On 3 November 2026, the board approved the unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2026, together with other business under the meeting agenda. The meeting began at 06:30 PM and concluded at 07:45 PM. A limited review report from S R B C & CO LLP was also filed.
The company submitted its Q2 and H1 FY27 investor presentation to the NSE and posted it on its website. It said it would not host a post-results conference call, citing a phase of integration and leadership transition and internal restructuring intended to strengthen governance, enhance operational efficiency and align with long-term strategic priorities. The same-day filings did not state a dividend or fund raise.
How did Kolte-Patil Developers shares react?
After the filing appeared, the stock was up 1.5% after five minutes, 2.6% after 15 minutes and 2.4% after 30 minutes. From the previous close of ₹445.00, it closed the first tradable session up 5.6% and was up 6.7% by the next day's close. The stock's first-session move exceeded the Residential Commercial Projects median by 4.0 percentage points; the next-day excess move was 3.2 percentage points.
Earlier reaction-day moves were mixed: the stock rose 10.4% on 10 August 2026, fell 1.6% on 22 May 2026, fell 0.7% on 5 February 2026, fell 2.0% on 11 November 2025 and fell 7.6% on 29 July 2025. Earlier moves also included gains of 3.5% on 24 May 2025 and 4.0% on 11 February 2024, followed by a 0.1% rise on 12 November 2024.
| After the filing | Stock | Residential Commercial Projects median |
|---|---|---|
| 5 minutes | +1.5% | |
| 15 minutes | +2.6% | |
| 30 minutes | +2.4% | |
| Reaction day | +5.6% | +1.6% |
| Next day | +6.7% | +3.5% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 10 August 2026 | +10.4% |
| 22 May 2026 | −1.6% |
| 5 February 2026 | −0.7% |
| 11 November 2025 | −2.0% |
| 29 July 2025 | −7.6% |
| 24 May 2025 | +3.5% |
| 11 February 2025 | +4.0% |
| 12 November 2024 | +0.1% |
Source: MarketPing price-reaction measurement.
How did other Residential Commercial Projects companies do?
Among 42 Residential Commercial Projects companies that had filed for the quarter as of 6 November 2026, the median revenue growth was 15.7%. Kolte-Patil Developers' revenue growth of 141.1% was higher than the peer median; 5 companies grew faster than Kolte-Patil Developers and 37 grew more slowly.
Of the 42 peers compared for profit, 23 reported higher profit. Kolte-Patil Developers reported consolidated net profit of ₹5.70 crore in Q2 FY27, compared with a loss of ₹11.14 crore in Q2 FY26, while its EBITDA margin was -0.1%.
| Kolte-Patil Developers revenue growth (YoY) | +141.1% |
|---|---|
| Median of 42 other Residential Commercial Projects companies | +15.7% |
| Companies with slower revenue growth than Kolte-Patil Developers | 37 of 42 |
| Companies with faster revenue growth than Kolte-Patil Developers | 5 of 42 |
| Companies whose net profit rose | 23 of 42 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Kolte-Patil Developers' revenue in Q2 FY27?
Revenue from operations was ₹334.37 crore, up 141.1% from ₹138.66 crore in Q2 FY26 (consolidated).
Did Kolte-Patil Developers make a profit in Q2 FY27?
Yes. Net profit was ₹5.70 crore, against a net loss of ₹11.14 crore in Q2 FY26.
What was Kolte-Patil Developers' EPS in Q2 FY27?
Basic earnings per share were ₹0.59, against a loss of ₹1.18 in Q2 FY26.
How did Kolte-Patil Developers shares react to the Q2 FY27 results?
On the reaction day the stock moved +5.6% from the previous close; the median Residential Commercial Projects stock moved +1.6%.
When did Kolte-Patil Developers announce its Q2 FY27 results?
On 3 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Intimation Of Date Of Board Meeting Of The Company (BSE, 27 October 2026) · PDF
- Outcome of Board Meeting (NSE, 3 November 2026) · PDF
- General Updates (NSE, 3 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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