Kolte-Patil Developers, a prominent real estate player headquartered in Pune with an expanding presence in Mumbai and Bengaluru, shared its operational performance for the quarter ending December 31, 2024 (Q3 FY25) and the nine-month period ending December 31, 2024 (9M FY25).
Key Highlights:
- Pre-Sales Value:
- 9M FY25: ₹2,161 crore, a 4% YoY growth compared to ₹2,079 crore in 9M FY24.
- Q3 FY25: ₹680 crore, reflecting a 12% decline QoQ from ₹770 crore and a 9% YoY decline from ₹746 crore in Q3 FY24.
- Collections:
- 9M FY25: ₹1,729 crore, up 17% YoY compared to ₹1,478 crore in 9M FY24.
- Q3 FY25: ₹567 crore, a 3% QoQ increase from ₹550 crore and a 15% YoY increase from ₹493 crore in Q3 FY24.
- Sales Volume:
- 9M FY25: 2.80 million sq. ft., down 3% YoY from 2.89 million sq. ft. in 9M FY24.
- Q3 FY25: 0.81 million sq. ft., marking a 21% decline QoQ and an 18% YoY decrease.
- Average Realization:
- Q3 FY25: ₹8,394 per sq. ft., representing an 11% YoY and 12% QoQ increase, driven by premium projects such as ‘Canvas’ at Life Republic and 24K projects in Baner and Pimple Nilakh.
Strategic Focus:
- Continued strong performance at Life Republic Township, which contributed 0.43 million sq. ft. in Q3 FY25 and 1.5 million sq. ft. in 9M FY25.
- Premium and 24K luxury projects maintained robust traction, driving higher realizations.
Management Commentary:
Mr. Atul Bohra, Group CEO of Kolte-Patil Developers, stated:
“The milestone collections of ₹1,729 crore in 9M FY25 were driven by disciplined execution and customer satisfaction. While sales growth has been modest, the increasing traction in premium segments and the robust pipeline of project launches position us for sustained growth.”
About Kolte-Patil Developers:
With a legacy spanning over three decades, Kolte-Patil Developers has delivered more than 64 projects across Pune, Mumbai, and Bengaluru, covering a saleable area exceeding 28 million sq. ft. The company is recognized for its high-quality standards, design excellence, and timely project delivery. It markets projects under the ‘Kolte-Patil’ and ‘24K’ brands, catering to mid-income and premium luxury segments, respectively.
Kolte-Patil’s Life Republic Township and premium luxury offerings continue to be key growth drivers, supported by a robust pipeline of launches and strong customer demand in both the premium and mid-income segments.
