Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a Pune-based real estate company, announced updates on its real estate operations during the quarter and full year ended 31st March 2025.
In FY25, the company reported new area sales of Rs 2,791 crore, showing a slight decline of 1% year-on-year (YoY) compared to Rs 2,822 crore in FY24. Volume sold also dropped 8% YoY to 3.60 million sq. ft. from 3.92 million sq. ft. Despite the drop in volume, realisation improved by 8% YoY to Rs 7,758 per sq. ft., indicating better pricing or a more premium product mix. In Q4FY25, new sales stood at Rs 631 crore, reflecting a 7% quarter-on-quarter (QoQ) decline and a sharper 15% drop YoY. Volume for the quarter was 0.80 million sq. ft., down 1% QoQ and 23% YoY. However, realisations remained strong at Rs 7,904 per sq. ft., improving 9% YoY despite a 6% sequential dip. Collections were a bright spot, rising 18% YoY to Rs 2,432 crore for the full year, with Q4FY25 collections up 24% QoQ and 19% YoY to Rs 704 crore, signaling strong execution and customer confidence.
In H2FY25, the company recorded new area sales of Rs 1,311 crore, marking a 12% decline compared to 1,481 crore in H1FY25 and also a 12% drop year-on-year (YoY) from Rs 1,489 crore in H2FY24. Sales volume followed a similar trend, falling 19% half-on-half (HoH) to 1.61 million sq. ft. from 1.99 million sq. ft. in H1FY25 and down 20% YoY from 2.01 million sq. ft. However, realisations showed strong growth, improving 10% both HoH and YoY to Rs 8,151 per sq. ft., indicating better pricing or a higher-quality product mix. Collections during H2FY25 were Rs 1,270 crore, up 9% HoH and 17% YoY, reflecting sustained customer payments and operational execution despite softer sales metrics.
Kolte-Patil Developers Ltd. (KPDL) achieved annual sales of Rs 2,791 crore in FY25, supported by the launch of projects with a total Gross Development Value (GDV) of Rs 4,000 crore. Notably, around 42% of the total pre-sales value for the year was driven by these new launches, underlining the success of the company's launch strategy. Sustaining strong sales momentum, KPDL's flagship project, Life Republic (LR), alone contributed 1.9 million sq. ft. in sales volume during the year. The company also recorded milestone collections of Rs 2,432 crore in FY25, reflecting an 18% year-on-year growth, indicative of robust execution and strong customer confidence. Average realisations for the year stood at Rs 7,758 per sq. ft., marking an 8% YoY increase, driven by premium pricing across projects, demonstrating KPDL's strong brand positioning and focus on quality and timely delivery.
Atul Bohra, Group CEO of Kolte-Patil Developers Limited, said, "During FY25, we recorded milestone collections of Rs 2,432 crore, reinforced by operating efficiency, strong registrations, sales, construction and customer engagement. Sales at Rs 2,791 crore remained muted, impacted by delay in the planned project launches. New launches contributed ~42% to overall sales, reaffirming the optimistic demand scenario for our projects. Our flagship Life Republic township continued to perform well reflecting sustained homebuyer confidence in our offerings and execution. On the business development front, we added a project in Wadgaon (Pune) with the GDV of Rs 4,000 crore during the year, further enhancing our future growth pipeline.
Looking ahead, we are excited about the next chapter of accelerated growth and value unlocking for all stakeholders. With strong operational delivery, a healthy balance sheet, and deep understanding of our core markets, we are well-positioned to tap into emerging opportunities and continue delivering consistent, high-quality performance across key metrics in the years ahead."
