Kolte-Patil reports record quarterly sales and strongest launch

what happened

Shares of Kolte-Patil Developers rose on Tuesday, October 13, after the company released its second-quarter business update, cnbctv18.com reported. The stock later surrendered most of its early advance. Sales value for the quarter ended in September climbed 52% from a year earlier, reaching a record ₹1,019 crore versus ₹670 crore in the comparable period.

Quarterly realisations were ₹7,829 per square foot, almost unchanged from ₹7,823 per square foot a year ago. Collections increased 33% to ₹795 crore from ₹596 crore in the previous fiscal year. Kolte-Patil also described its launch activity as the strongest on record after introducing approximately 1 million square feet at “Vyana at The Reserve” in Vadgaon, Pune. The project generated ₹616 crore in sales.

CEO Hrishikesh Parandekar said near-term demand had moderated across the wider market, particularly in Pune, while the company continued to show strong momentum. He said India’s residential real estate market retained favourable long-term fundamentals, supported by urbanisation, rising aspirations and stronger demand for quality housing. Sector consolidation, he added, could benefit established developers.

why it matters

After reaching an intraday high of ₹445.4, Kolte-Patil Developers shares were up only 1% at ₹430 on Tuesday. The stock has gained 10% so far this year. The update points to stronger sales and collections with broadly stable realisations, while management’s comments highlight softer near-term demand in Pune.

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