Shares of Kolte-Patil Developers Ltd traded nearly 2% lower at ₹448.20 apiece on Monday, July 14, after the company reported a decline in its first-quarter sales bookings. The stock fell from its previous close of ₹455.55 and touched a day’s range of ₹442.00–₹453.00 during early trade.
For the April–June quarter of FY26, Kolte-Patil’s sales bookings stood at ₹616 crore, down 13% from ₹711 crore in the same period last year. The company attributed the drop to lower volumes and a marginal dip in realisations. Sales volume fell 12.5% year-on-year to 0.84 million square feet, compared to 0.96 million square feet in the corresponding quarter of the previous year.
Realisation per square foot also slipped slightly to ₹7,337 from ₹7,407 a year ago.
In June, global investment firm Blackstone acquired a 14.3% equity stake in the real estate developer, underscoring its long-term confidence in Kolte-Patil.
Founded in 1991, Kolte-Patil has delivered over 68 projects including residential complexes, townships, commercial spaces, and IT Parks, covering more than 30 million square feet across Pune, Mumbai, and Bengaluru.
At the current price, the company’s market capitalisation stands at approximately ₹34.07 billion, with a P/E ratio of 32.04 and a dividend yield of 0.89%.
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