KOLTE-PATIL DEVELOPERS LTD. - 532924 - Closure of Trading Window
Closure of trading window for the purpose of financial results for the quarter ended 30 June 202229-06-2022
29-06-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyKOLTE-PATIL DEVELOPERS LTD. 2CIN NO.L45200PN1991PLC129428 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 234.00 4Highest Credit Rating during the previous FY Aplus 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkNSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: VInod Patil Designation: Company Secretary EmailId: vinod.patil@koltepatil.com Name of the Chief Financial Officer: Gopal Laddha Designation: Chief Financial Officer EmailId: gopal.laddha@koltepatil.com Date: 15/06/2022 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.15-06-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Period Ended 31 March 2022
Disclosure of Related Party Transactions pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the period ended 31 March 202208-06-2022
Kolte Patil Developers, Tata Power partner to ease EV adoption, drive sustainability
Through the partnership, Kolte Patil Developers and Tata Power aim to push wider green mobility adoption, EVs, and charging infrastructure for mitigating climate change challenges in the urban mobility space, the companies said06-06-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - Kolte-Patil Developers and Tata Power partner to ease EV adoption, drive sustainability.06-06-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Q4 FY22 Earnings Conference Call held on 26 May 202201-06-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report under Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the year ended 31 March 202227-05-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Submission Of Audio Recording Of 'Q4 FY22 Earnings Conference Call' Held On 26 May 2022
Submission of Audio Recording of 'Q4 FY22 Earnings Conference Call' held on 26 May 202226-05-2022
Q4FY22 Quarterly Result Announced for Kolte-Patil Developers Ltd.
Realty firm Kolte-Patil Developers declares Q4FY22 result: Highest Ever Sales Value of Rs. 1,739 crore recorded in FY22, up 45% YoY Highest Ever Mumbai Sales Value of Rs. 450 crore in FY22, up 150% YoY Highest Ever Collections of Rs. 1,574 crore in FY22, up 40% YoY Highest Ever Quarterly Collections of Rs. 500 crore in Q4 FY22, up 13% YoY Second consecutive quarter with Sales Value of over Rs. 500 crore Net Debt reduction of Rs. 179 crore during FY22 and Rs. 41 crore during Q4 FY22 FY22 sales bookings of 2.71 msf, up 30% YoY The Board has recommended a final dividend of Rs. 2 per share of the face value of Rs. 10 each for FY22 Commenting on the performance for Q4 & year ended FY22, Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said, “FY22 marked a year of demand revival, even as intermittent disruptions were seen almost throughout the period. With sales volume of 2.71 million square feet, we closed the year in line with our stated guidance. From a sales value perspective, we recorded our best ever year - Sales Value was up 45% YoY to Rs. 1,739 crore in FY22. We have now entered FY23 on the back of the strong momentum achieved in the second half FY22. Q4 FY22 was the second consecutive quarter with sales value of over Rs. 500 crore. Compared to H1, our H2 sales value was up 57% to Rs. 1,062 crore, H2 sales volume was up 53% to 1.64 msf and H2 collections were up 41% to Rs. 921 crore. In addition to the growth in business, we are seeing higher diversification that has resulted in almost 32% of sales by value coming from Mumbai and Bengaluru. Our Mumbai portfolio has reported its best ever performance with a sales value of ~Rs. 450 crore, up 150% YoY. Verve and Vaayu have performed well and witnessed improved realisations. Mumbai portfolio is moving as per plan, and will continue to scale in the coming years with increased launches and business development activity. Pursuing our objective of risk diversification in the business, within the Pune portfolio as well, several projects are lined up for launches in the coming quarters resulting in decreasing reliance on specific locations even as Life Republic remained the top selling projects in Pune during 2021. Further, from a new business development perspective we are focussing on newer micro markets in Pune. We reduced Net Debt by Rs. 179 crore during FY22 and by Rs. 41 crore during Q4FY22. This was the third consecutive year of Net Debt reduction, with Rs. 386 crore being reduced in last three years. As on March 31, 2022 Net Debt/Equity stood at 0.14x. Further, collections were the highest ever in the Company’s three-decade history for both Q4 FY22 and FY22. Strong collections enabled us to deliver strong OCF of over Rs. 508 crore in FY22. We now look forward to expand on the platform of these achievements; our objective would be to deliver 25-30% sales value growth in FY23. We have a solid balance sheet position and remain well placed to aggressively pursue business development initiatives in FY23 and expect to conclude deals with a cumulative top line of Rs. 7,000. Further, in FY23 we are looking to launch projects in the pipeline that currently include saleable area of 5.4 million square feet with aggregate top line potential of Rs. 4,600 crore. We see a strong drive on the deliveries front and, expect more than 3 million square feet of customer handovers during FY23. Linked to project completion and deliveries would be higher revenue recognition. To sum up, we are geared up to capitalize on the industry consolidation and create newer growth records in the coming years while maintaining our financial discipline.” Result PDF26-05-2022
Kolte-Patil developers report robust growth in FY22
Witnesses highest-ever sales value of 1,739 crore recorded in FY22, up 45 per cent y-o-y26-05-2022