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Realty firm Kolte-Patil Q3 sales bookings jump 77% to Rs 561 cr

 Pune-based Kolte-Patil Developers Ltd on Wednesday reported a 77 per cent jump in its sales bookings to Rs 561 crore for the quarter ended December. Its sales bookings stood at Rs 317 crore in the year-ago period. In a statement, the company said its sales bookings rose 83 per cent to Rs 1,238 crore during the April-December period of the 2021-22 fiscal year from Rs 676 crore in the year-ago period. Commenting on the update, Rahul Talele, Group CEO of Kolte-Patil Developers Ltd, said, "Sales traction remains promising across our key markets and product categories..." Going forward, he said the company is geared up to scale its operations while maintaining financial discipline. "We are set to expand our portfolio of projects with several launches lined up across key micro-markets in Pune, Mumbai and Bengaluru," Talele said. The company continues to evaluate several business development opportunities to expand its market share. The company has developed and constructed over 50 pr
12-01-2022
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KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Operational Update for Q3 and 9M FY22
12-01-2022
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KOLTE-PATIL DEVELOPERS LTD. - 532924 - Statement Of Investor Complaints For The Quarter Ended December 2021

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 0000 Name of the Signatory :- Vinod PatilDesignation :- Company Secretary and Compliance Officer
10-01-2022
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KOLTE-PATIL DEVELOPERS LTD. - 532924 - Closure of Trading Window

 Closure of Trading Window for purpose of financial results for the quarter and nine months ended on 31 December 2021
30-12-2021
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KOLTE-PATIL DEVELOPERS LTD. - 532924 - Disclosure Under Regulation 30 Of SEBI LODR - New Investment By Planet Holding Ltd., UK In SPV Of The Company

 Disclosure under Regulation 30 of SEBI LODR - New investment by Planet Holding Ltd., UK in SPV of the Company
28-12-2021
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KOLTE-PATIL DEVELOPERS LTD. - 532924 - Board Meeting Outcome for Merger Of Two Wholly Owned Subsidiaries Namely Tuscan Real Estate Private Limited And PNP Agrotech Private Limited Into The Company And Demerger Of The Retail Business Of Its Wholly Owned Subsidiary Kolte-Patil Properties Private Limited

 Merger of two wholly owned subsidiaries namely Tuscan Real Estate Private Limited and PNP Agrotech Private Limited into the Company and demerger of the Retail business of its wholly owned subsidiary Kolte-Patil Properties Private Limited
22-12-2021

Earnings Call for Q2FY22 of Kolte-Patil Developers

 Conference Call with Kolte-Patil Developers Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
01-11-2021
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KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Investor Presentation

 Q2 & H1 FY 22 Results Presentation
30-10-2021
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KOLTE-PATIL DEVELOPERS LTD. - 532924 - Dividend Distribution Policy

 Dividend Distribution Policy
29-10-2021
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Q2FY22 Quarterly Result Announced for Kolte-Patil Developers Ltd.

 Financial Highlights: H1 FY22 Sales Value at Rs. 678 crore, up 89% YoY H1 FY22 Collections at Rs. 653 crore, up 114% YoY Net Debt reduction of Rs. 96 crore during H1 FY22 Q2 FY22 Sales Value at Rs. 429 crore, up 121% YoY and 73% QoQ Q2 FY22 Collections at Rs. 374 crore, up 86% YoY and 34% QoQ Commenting on the performance for Q2 & H2 FY22, Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said, “We are pleased to report that in the first half of FY22, our sales grew 89% by value to Rs. 678 crore and 60% by volume to 1.07 msf. During the same period, collections increased by 114% YoY to Rs. 653 crore and realisations expanded by 17% to Rs. 6,312 per square foot. Q2 FY22 saw further acceleration across key parameters with sales value up 121% YoY and 73% QoQ to Rs. 429 crore and sales volume up 92% YoY and 68% QoQ to 0.67 msf. Demand remains strong across product segments and through the three geographies of Pune, Bengaluru and Mumbai. Our diversification story continues to play out well, with Mumbai portfolio contribution up to 26% of total sales value. Mumbai region reported sales value of Rs. 113 crore, as against Rs. 15.5 crore in Q2 FY21, on the back of an uptick in traction at Verve (Goregaon) and sustained momentum at Vaayu (Dahisar). As a result, within first half itself, we have matched the last full year’s Mumbai sales value number of Rs. 180 crore. Bengaluru also recorded sales value Rs. 35 crore in Q2, taking the contribution from projects outside Pune to 35% during the quarter. Construction continued at a healthy pace. An improved momentum in sales, registrations, construction and CRM drove Q2 FY22 collections up 86% YoY and 34% QoQ to Rs. 374 crore. The liquidity in our business operations remains strong, resulting in further reduction of Rs. 67 crore in net debt. We have reduced our net debt by Rs.96 crore in the first half of this year. Our net debt to equity stands at 0.23 as on September 30, 2021. Residential sector performance continues to witness an improvement on the back of India’s resilient economic performance coming out of the second wave and we now see the structural theme around the value of owning a home being reinforced. Historically, we have delivered improved performance in the second half of the financial year, compared to the first half, and we expect a similar trend once again to end FY22 on a strong note. We have a comprehensive project portfolio across the three cities of our presence and are gearing up to leverage our improved brand salience, strong operating ecosystem and balance sheet to grow sustainably in the coming years.” Result PDF
29-10-2021
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