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Kolte Patil Developers Ltd share Price

Company details

6M Return 90.54%
1Y Return 36.11%
Mkt Cap.(Cr) 3,529.25
Volume 269,094
Div Yield 0.86%
OI Chg %
Volume 269,094

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Realty company Kolte-Patil Developers announced Q1FY24 results:

  • Q1FY24 sales value at Rs 701 crore, up 58% YoY
  • Q1FY24 sales volumes at 0.93 million sq. ft., up 52% YoY
  • Third consecutive quarter with a sales value of over Rs 700 crore
  • Q1FY24 revenues at Rs 571 crore; up 185% YoY
  • Q1FY24 EBITDA at Rs 91 crore; up 94% YoY
  • Q1FY24 net profit at Rs 46 crore; up 116% YoY
  • Net debt to equity as on June 30, 2023, stands at 0.02x

Commenting on the performance for Q1FY24, Rahul Talele, Group CEO, Kolte-Patil Developers said, “I am pleased to report that in the first quarter of the current financial year, we have continued to build on the record performance delivered in FY23. We have seen a deeper customer engagement across projects, resulting in the key operating metrics showing solid expansion.

New area sales at 0.93 million square feet were up 52% YoY and sales value expanded by 58% YoY to Rs 701 crore, supported by an increase of 4% in average realizations to Rs 7,545 per square foot. Robust execution and deliveries resulted in strong collections at Rs 513 crore in Q1, up 8% YoY, and firm revenues at Rs 571 crore. We reported EBITDA margins of 16% for Q1FY24. Our project launches are on track. We have already launched 2.73 million square feet in the current financial year including 1.52 million square feet across three projects in Baner, Pimple Nilakh, and Life Republic under the 24K brand that addresses the premium luxury segment. Business development traction has been strong. So far, in FY24 we have acquired projects with top-line potential of ~ Rs 3,450 crore. These include four projects in diverse micro-markets across the Mumbai Metropolitan Region (MMR) and two projects in Pune. We continue to assess business development opportunities in our targeted markets and look to expand further on the back of innovative and capital-efficient growth engagements.

The country’s economic prospects, improving lifestyles, and hybrid work formats now prevalent in corporate India, have been driving residential demand, especially for larger homes. Going forward, we continue to see the several macro initiatives undertaken by the government translating into improved affordability parameters for the increasingly discerning homebuyer. We believe that Kolte-Patil is well positioned to benefit from these transitions with its strong brand deeply associated with trust and customer connection across the three geographies of Pune, Mumbai, and Bengaluru. With the trend of consolidation and formalization, buyers are turning to quality developers and we look forward to delivering value across the entire ecosystem of stakeholders.”


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Kolte Patil Developers Ltd Stocks COMPARISION


Equity Capital: 1,046.36 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Kolte Patil Developers Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Kolte-Patil Developers Limited was incorporated on November 25, 1991 as a Private Limited Company led by the Promoters, Rajesh Patil and Milind Kolte. The Company subsequently converted into a Public Limited Company and the name of Company was changed to Regenesis Developers Limited on December 4, 2006 and subsequently the name was changed to Kolte-Patil Developers Limited on December 12, 2006. The Company is primarily engaged in business of construction of residential, commercial; IT Parks along with renting of immovable properties and providing project management services for managing and developing real estate projects. The company has developed and constructed properties mainly in Pune and Bangalore. After completing number of residential properties, KPDL ventured in to development of commercial properties in 1995 by creating one of the largest commercial complexes in Pune, namely, Patil Plaza (80,000 sq. ft.). Later KPDL developed City Mall (76,485 sq. ft.), City Point and City Tower (187,562 sq. ft.) as purely commercial properties housing offices of many Indian and Multinational companies. As of September 30, 2007, the company has developed and constructed 25 projects, including 22 in Pune and 3 in Bangalore, covering a total of approximately 4.01 million square feet of Saleable Area. Of these 25 projects, 16 residential complexes, 4 commercial complexes, 3 complexes designed for mixed residential & commercial use, and 2 information technology parks. As of September 30, 2007, the company has developing 28 projects, including 24 in Pune, and 4 in Bangalore. These projects are being developed with the aim of generating over 17.80 million square feet of Saleable Area on 21.61 million square feet of land area, and to include 5 IT parks, 11 commercial complexes, 10 residential complexes, 1 serviced apartment building and 1 integrated township. Also, as of September 30, 2007, the company has owned, held development rights for or had signed memoranda of understanding to acquire or develop 21.58 million square feet of Saleable Area on 32.88 million square feet of Land Area. During the year 2007-08, Company set-up branch office at Dubai exclusively for marketing activities and planning under Free Trade Zone (FTZ) to develop some residential projects in Dubai. It got into Joint Venture Agreement with UK based hotelier group to develop and operate five star and four star hotels in Pune and Bangalore respectively through SPV`s namely, Oakwoods Hospitality Private Limited and Jasmine Hospitality Private Limited. It got into Joint Development Agreement with Vibhu Developers Private Limited to set-up an IT-SEZ on total area of 70 acres, near Rajiv Gandhi Infotech Park, Hinjewadi, Pune. It got into Joint Venture Agreement with Kolte-Patil Real Estate Private Limited, K2A Residential Limited, Mr. Rajesh Patil and Regenesis Project Management Company Private Limited for the development of real estate projects including the residential project proposed to be constructed at Pune. Corolla Realty Pvt. Ltd; a joint venture between the Company; India Advantage Fund of ICICI Venture Funds Management Co. Ltd; and Mr. Ishwar Chand Goyal, launched its Lush County Project in July 2008. The Company launched its 390 acre township Life Republic near Hinjewadi, Pune in 2011. During the year 2013-14, the company completed the construction of 19 Lakhs sq. ft. saleable area in 1st phase and developed the substantial infrastructure for IVY estate project. It launched the Phase II of the project named as "Florence" comprising saleable area of approx. 540,000 sq. ft. The Company launched the phase 1 of the project "Raaga". "Mar Esmeralda" was launched in June 2014, which commenced the construction. The projects namely Life Republic, Ivy Estates, Tuscan Estates, Down Town, Florence and Three Jewels are developed under Special Purpose Vehicle and rest of the Projects are developed by the Company. The Company added three projects to its redevelopment portfolio during 2014-15, taking the total saleable area (KPDL share) to 0.6 million square feet. In 2015-16, four Wholly Owned Subsidiaries namely Olive Realty Private Limited, Yashowardhan Promoters and Developers Private Limited, Corolla Realty Limited and Jasmine Hospitality Private Limited (Transferor Companies) were merged with the Company through draft Scheme of Amalgamation. The appointed date of draft scheme of amalgamation was fixed at 1st January, 2016, which became effective on 2nd April, 2016. The Company increased its stake from 50% to 100% in Bellflower Properties Private Limited and accordingly, Bellflower Properties Private Limited became 100% Wholly Owned Subsidiary of the Company in 2017. During year 2019-20, the Company increased its stake from 45% to 95% in Kolte-Patil I-Ven Townships (Pune) Limited and in November, 2019 Bellflower Properties Private Limited, a wholly owned subsidiary of the Company was merged with Company through Scheme of amalgamation with the appointed date, April 1, 2017. During the year 2020-21, the Company increased its shareholding from 51% to 100% in Tuscan Real Estate Private Limited and acquired 100% stake in KPE Private Limited and resultantly, both companies became Wholly Owned Subsidiaries of the Company. Further, the Company has reduced its stake to 20% in Snowflower Properties Private Limited, hence Snowflower Properties Private Limited ceased as Subsidiary of the Company during the year 2021-22. During 2021-22, the Board of Directors in their meeting held on 22 December 2021 considered and approved merger of two wholly owned subsidiaries namely Tuscan Real Estate Private Limited and PNP Agrotech private Limited into the Company, demerger of the Retail business of its wholly owned subsidiary Kolte-Patil Properties Private Limited (Formerly known as KoltePatil Redevelopment private Limited) and TO merge the retail business into the Company.

Registered Address

2nd Floor City Point, Dhole Patel Road, Pune, Maharashtra, 411001

Tel : 91-20-66226500
Email : investorrelation:koltepatil.com
Website : http://www.koltepatil.com

Bigshare Services Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532924
Book Closure Date (Month) :
BSE Group : B
ISIN : INE094I01018

FAQ’s on Kolte Patil Developers Ltd Shares

You can buy Kolte Patil Developers Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kolte Patil Developers Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:59 PM the closing price of Kolte Patil Developers Ltd was ₹ 464.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:59 PM, the market cap of Kolte Patil Developers Ltd stood at ₹ 3,529.25.

The latest PE ratio of Kolte Patil Developers Ltd as of Oct 03, 2023 03:59 PM is 27.76

The latest PB ratio of Kolte Patil Developers Ltd as of Oct 03, 2023 03:59 PM is 0.30

The 52-week high of Kolte Patil Developers Ltd is ₹ 506.45 while the 52-week low is ₹ 231.00

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