Kolte Patil Q4 FY26 Sales Up 13% YoY to ₹714 Crore; FY26 Sales ₹2,605 Crore
Kolte - Patil Developers reported Q4 FY26 sales of ₹714 crore (up 13% YoY) and FY26 sales of ₹2,605 crore. Record Q4 collections reached ₹834 crore (up 18% YoY), with FY26 collections at ₹2,689 crore (up 11% YoY). Average price realization in Q4 FY26 was ₹9,601/sq. ft. (up 21% YoY). The company acquired Bhugaon projects worth ₹2,250 crore GDV. Blackstone acquired a 40% stake in the company.
The announcement details significant improvements in sales and collections, strategic project acquisitions, and a major equity investment from a prominent firm like Blackstone, which is expected to significantly influence the company's future growth and financial standing.
The company reported record sales and collections, year-on-year growth in key financial metrics, successful project launches, and a strategic investment from Blackstone, all indicating positive operational and financial performance.
Kolte - Patil Developers Limited has announced its operational performance for the fourth quarter and full fiscal year ended March 31, 2026. The company reported Q4 FY26 sales of ₹714 crore, marking a 13% year-on-year increase, driven by strong responses to new launches and sustained sales across its portfolio. Life Republic, its flagship integrated township, contributed significantly with 0.37 million sq. ft. of sales in Q4 FY26 and 1.78 million sq. ft. for the full fiscal year. The company launched approximately 1 million sq. ft. in Q4 FY26 and around 4.6 million sq. ft. for FY26.
Average price realization in Q4 FY26 reached a record ₹9,601 per sq. ft., a 21% year-on-year increase, reflecting steady demand and a higher contribution from the Mumbai portfolio. For the full year FY26, the average price realization stood at ₹8,314 per sq. ft., up 7% year-on-year. Collections for the quarter were a record ₹834 crore, a 18% year-on-year rise, and annual collections also hit a record ₹2,689 crore, an 11% increase year-on-year, demonstrating robust collection momentum with a 5-year CAGR of 19%.
In terms of business development, Kolte-Patil acquired projects in Bhugaon during FY26 with an aggregate Gross Development Value (GDV) of approximately ₹2,250 crore (around 3 million sq. ft.). A significant strategic development during the year was the acquisition of a 40% stake in the company by funds affiliated with Blackstone, which is expected to drive future performance. Mr. Rajesh Patil, Managing Director, highlighted FY26 as a defining year with Blackstone's onboarding, laying a foundation for future growth and improved efficiencies. He emphasized the resilience of the residential real estate sector and the company's strong pipeline, execution capabilities, and focus on delivery and capital discipline.
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Kolte - Patil Developers Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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