Shares of Kolte-Patil Developers Ltd slipped 1.74% to Rs 409.30 on Tuesday following the company’s Q2 FY26 operational update, which showed a year-on-year decline in sales value but steady growth in collections and realisations.
The Blackstone-backed realty developer reported housing sales worth Rs 670 crore in the September quarter (Q2 FY26), marking a 13% decline YoY, though sales grew 9% sequentially (QoQ), supported by sustained demand in existing projects.
The company sold 0.86 million square feet (msf) of area during the quarter, down 17% YoY, but slightly higher than the previous quarter by 2%. Its average realisation improved by 5% YoY and 7% QoQ to Rs 7,823 per sq. ft. Collections also rose 8% both annually and sequentially to Rs 596 crore, reflecting better cash flow from project execution.
In the first half of FY26, sales stood at Rs 1,286 crore, down 13% YoY, with 1.7 msf of area sold — a 15% drop compared to H1 FY25. Despite slower volume growth, realisations improved 2% YoY to Rs 7,582 per sq. ft., while total collections were marginally lower at Rs 1,146 crore.
Rajesh Patil, Managing Director of Kolte-Patil Developers, expressed optimism, citing “economic growth, stable interest rates, and easing inflation” as positive indicators for the housing sector.
At 9:24 AM, the stock was trading at Rs 409.30, down Rs 7.25 or 1.74%, after closing at Rs 416.55 in the previous session.
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