Shares of Kolte-Patil Developers Ltd declined 3.22% to Rs 401.50 on Wednesday after the real estate firm reported a consolidated net loss of Rs 11.14 crore in the September quarter (Q2 FY26) and announced the resignation of its Group CEO, Atul Bohra.
In the same quarter last year, the company had posted a net profit of Rs 10.34 crore, marking a significant reversal in performance. According to the regulatory filing, total income fell sharply by 50% YoY to Rs 161.75 crore, compared to Rs 320.96 crore in the corresponding quarter of the previous fiscal.
The decline in income reflects slower project execution and weak sales momentum during the quarter. The management changes have also added uncertainty to the company’s near-term outlook.
Kolte-Patil, known for its residential and commercial projects across Pune, Mumbai, and Bengaluru, has been working to strengthen its pipeline amid a competitive real estate market, but the latest financials indicate pressure on margins and execution pace.
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