Real estate firm Kolte-Patil Developers Ltd (KPDL) reported its Q2 update on Wednesday, showing strong growth in sales value despite a slight drop in collections. The company recorded ₹550 crore in collections, a 10% decline quarter-on-quarter but a 16% increase year-on-year.
Sales value for the quarter surged to ₹770 crore, marking an 8% increase quarter-on-quarter and a 22% increase year-on-year, reaching KPDL’s highest-ever quarterly sales value.
A key driver of this performance was the 24K segment, which contributed 30% of total sales. The company’s flagship project, Life Republic, also performed well, achieving 0.57 million square feet of sales volumes out of the total 1.03 million square feet sold during the quarter.
As of today, Kolte Patil shares surged over 11%, reflecting the positive market response to the strong Q2 results.
