Kolte-Patil Reports Record Total Income of Rs 937 Crore in Q1 FY27; Paves Way for Mumbai Expansion

Kolte-Patil Reports Record Total Income of Rs 937 Crore in Q1 FY27; Paves Way for Mumbai Expansion​

Kolte-Patil Developers Limited, a real estate player with a presence across Pune, Mumbai, and Bengaluru, announced its un-audited results for the first quarter of fiscal year 2027, ending June 30, 2026. The company reported record total income and significant operational achievements, alongside a major strategic push into the Mumbai Metropolitan Region (MMR).

The firm’s Q1 FY27 performance reflected strong project execution and portfolio strength, culminating in a robust EBITDA margin of 22%.

Financial Performance Snapshot​

Kolte-Patil Developers recorded the following key financial metrics for the quarter:


Operational metrics showed substantial movement in sales and collections. Pre-Sales Value stood at Rs 617 crore, while Collections reached Rs 715 crore, marking a 30% increase year over year. The average realization across projects was Rs 9,442 per square foot, which is up 29% year on year.

Operational Highlights and Strategic Growth​

The record total income was driven by the completion of approximately 1.27 million sq. ft. of projects in Pune and Mumbai. The company launched a new phase of its ongoing project Little Earth and launched 'The Winds' project in Bhugaon, Pune, resulting in a total launch of about 0.78 million sq. ft. during the quarter.

A major defining milestone for Kolte-Patil Developers was the expansion into the MMR portfolio. The company signed six redevelopment projects within Mumbai’s Western and Central suburbs and Navi Mumbai. These projects have an estimated Gross Developed Value (GDV) totaling approximately Rs 6,000 crore and represent the largest annual business development addition in Mumbai to date.

Management Commentary on Performance​

Rajesh Patil, Managing Director of Kolte-Patil Developers Limited, provided commentary on the results, noting that the firm began FY27 in a residential market where premium housing continued to perform well among customers who favoured established developers with proven execution track records.

He stated that the higher contribution from their Mumbai portfolio and calibrated price revisions across projects resulted in a 29% year-on-year increase in average realization, underscoring the strength of the company's offerings. Sustained execution led to collections of Rs 715 crore, driving record total income.

Regarding future growth, Patil highlighted that the addition of the six MMR projects significantly strengthens the development pipeline and reinforces the commitment to a scaled presence in the region. He noted that all six projects are expected to be launched over the next 6 to 12 months, subject to requisite approvals. The company is focused on scaling the business through larger project opportunities and maintaining disciplined growth guided by strong fundamentals of the residential real estate sector.

KOLTEPATIL Stock Price Movement​

Kolte - Patil Developers Limited rallied on Monday, posting a solid gain of 4.81% after closing at ₹462.20. The stock saw heavy activity during the session, with a total traded volume reaching 479,812 shares.