Kolte Patil Q1 FY27 Sales at ₹617 Cr; Collections Up 30% YoY to ₹715 Cr
Kolte-Patil Developers reported Q1 FY27 operational performance with sales at ₹617 crore, broadly stable YoY. Collections surged 30% YoY to ₹715 crore. Average realisations increased 29% YoY to ₹9,442 per sq. ft. The company also launched its organization-wide transformation journey named ASCEND.
The announcement provides a positive operational update with improved collections and realizations, which are key performance indicators for a real estate company. The launch of a transformation program also signals future growth initiatives.
The operational update shows positive year-on-year growth in collections and average realizations, alongside stable sales, indicating a strong performance and positive outlook.
Kolte-Patil Developers Limited announced its operational performance for the quarter ended June 30, 2026. The company reported a sales value of ₹617 crore for Q1 FY27, which remained broadly stable year-on-year. Collections for the quarter stood at ₹715 crore, marking a significant 30% increase year-on-year, reflecting sustained execution momentum. Average realizations improved by 29% year-on-year to ₹9,442 per sq. ft., driven by strategic price revisions and a higher contribution from Mumbai projects.
During the quarter, Kolte-Patil launched approximately 0.78 million sq. ft. Its flagship project in Pune, Life Republic, recorded strong sales of around ₹212 crore. The Mumbai market continued to be a significant contributor, accounting for approximately 30% of the total sales value.
Mr. Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, commented on the performance, stating, "We are encouraged by our performance in the first quarter, which marks a strong start to FY27. Sales remained steady at ₹617 crore, with Mumbai contributing ~30% to sales. Collections grew 30% year-on-year, reflecting strong execution, sustained construction progress, and continued customer confidence. Average realizations increased 29% year-on-year, underscoring the strength of our product portfolio and continued customer preference for our offerings."
He further added, "FY27 also marks the launch of ASCEND —our organization-wide transformation journey to build a faster, sharper, more agile, and performance-driven Kolte-Patil. Through ASCEND, we are enhancing our systems, processes, and ways of working to build a resilient, future-ready organization that is equipped to capitalize on emerging opportunities."
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