Kolte-Patil Developers Q3 Report: Sales Reach ₹605 Crore, Quarterly Collections Total ₹709 Crore

Kolte-Patil Developers Q3 Report: Sales Reach ₹605 Crore, Quarterly Collections Total ₹709 Crore
Realty company Kolte-Patil Developers Ltd announced on Wednesday (January 14) that its sales value for the third quarter of FY26 reached ₹605 crore, while collections for the quarter totaled ₹709 crore, representing the highest quarterly collections and a 19% increase quarter-on-quarter.

For the nine months ending December 31, 2025, the company reported a sales value of ₹1,891 crore and collections of ₹1,855 crore, the highest level in its history, reflecting a 7% year-on-year growth.

The firm noted that Q3FY26 sales were primarily fueled by existing inventory from ongoing projects. The launches of 2.19 million square feet in the latter part of Q3FY26 are anticipated to contribute significantly to sales in Q4FY26. Throughout the nine-month period ending FY26, Kolte-Patil launched a total of 3.71 million square feet.
Also Read: Blackstone fund to invest ₹1,800 crore in Kolte-Patil; its first bet on residential real estate

Life Republic, the company’s flagship integrated township, was key to overall performance. The project achieved sales of 0.38 million square feet in Q3FY26 and 1.41 million square feet during the nine months ending FY26, significantly supporting sales volumes.

Collections for the quarter rose by 25% year-on-year to ₹709 crore, bringing cumulative collections for 9MFY26 to ₹1,855 crore. The company noted that these collections included contributions from DMA projects.

Realizations in Q3FY26 were ₹8,726 per square foot, reflecting a 12% increase quarter-on-quarter and the highest level ever achieved. This improvement in realizations was credited to strong pricing power in key markets, consistent demand, and a higher contribution from Mumbai.

In terms of business development, Kolte-Patil Developers entered a joint development agreement in January 2026 for a residential project in Bhugaon, Pune. This project covers approximately five acres with a saleable area of about 1.1 million square feet and an estimated gross development value (GDV) of around ₹850 crore.

During the nine months ending FY26, the company acquired projects with a total GDV of about ₹2,250 crore, encompassing roughly three million square feet of saleable area.

Rajesh Patil, Managing Director of Kolte-Patil Developers Ltd, stated, “Over the nine months of FY26, we maintained solid performance with sales of 1,891 crore and record collections of 1,855 crore, along with an all-time high realization of 8,726 per sq ft, reflecting ongoing positive momentum across our portfolio and the sector.”

“Fundamentals in our markets have remained stable, along with a continued preference for projects by reputable developers with a proven track record. We are committed to pursuing strategic acquisitions by selectively targeting appealing opportunities in prime locations across key markets to bolster long-term business prospects,” he added.

On January 14, shares of Kolte-Patil Developers Ltd closed at ₹377, rising by ₹5.85, or 1.58%, on the BSE.

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