KOLTE-PATIL DEVELOPERS LTD. Q4 FY26 Results

FY26 has been a defining year for Kolte-Patil, marked by the onboarding of Blackstone as a 40% strategic partner. This partnership represents far more than an equity transaction - it is a strong endorsement of our platform, governance standards, and long-term growth potential. Over the course of the year, we undertook several meaningful structural initiatives, including strengthening the Board, reshaping the leadership team, and embedding a sharper framework for capital allocation, execution discipline, and operational accountability. Operationally, FY26 was a year of transition and recalibration for the business. Sales at Rs. 2,605 crore, moderated year-on-year, as significant volume of our new launches of 4.6 Mn. Sq. Ft. was toward the latter part of the year. We continued to demonstrate strong execution on the ground, reflected in record annual collections of Rs. 2,689 crore, up 11% year-on-year. Collections is a metric we track closely, as it reflects construction progress, customer confidence, and cash flow discipline. Over the last four years, our collections have grown at a CAGR of 14%, underscoring the consistency of our operating performance. Price realization remained another key highlight. In Q4 FY26, realizations reached a record Rs. 9,601 per sq. ft., representing a robust 21% year-on-year increase. This reflects both disciplined pricing across our portfolio and the increasing contribution from our Mumbai projects. For the full year, realizations grew 7% year-on-year to Rs. 8,314 per sq. ft. Life Republic, our flagship integrated township, continued to anchor our volume performance, contributing approximately 1.78 Mn. Sq. Ft. of sales during the year. On the business development front, we continued to deploy capital with discipline and conviction. The acquisition of two complementary land parcels in Bhugaon, with an estimated GDV of approximately Rs. 2,250 crore across nearly 3 Mn. Sq. Ft., reflects our confidence in Pune’s emerging growth corridors. Bhugaon sits at the intersection of improving infrastructure, strong connectivity to employment hubs, and rising demand for low-density, nature- integrated living - characteristics that align closely with our positioning. With these additions, our total portfolio now stands at approximately 37 Mn. Sq. Ft. Talking about the P&L performance, it is important to note we follow CCM based accounting and the recognition of revenue and profits are dependent on the timing of project completion based on statutory accounting guidelines. As a result, the reported profitability remained muted owing to lower revenue recognition. As we look ahead to FY27, we do so with clarity of purpose and a significantly strengthened platform. Backed by a strong balance sheet, a robust launch calendar, and the institutional partnership, Kolte-Patil is well-positioned to navigate near-term volatility while continuing to create long-term stakeholder value. We remain steadfast in our commitment to the principles that define Kolte-Patil - delivering thoughtfully designed, high-quality developments, maintaining disciplined capital stewardship, and creating homes and communities that meaningfully enhance the way people live, connect, and thrive.