Kolte - Patil Developers Limited — Important, 21-01-2025: Updates

9M FY25 sales value reached ₹2,161 crore, with collections totaling ₹1,729 crore, marking a 17% increase year-on-year. Pre-sales in Q3 FY25 amounted to ₹680 crore, with new launches contributing approximately 32% to this figure. Average realizations improved to ₹8,394 per square foot, a rise of 11% year-on-year and 12% sequentially, benefiting from higher sales in premium projects like 'Canvas' at Life Republic and the 24K range. The Life Republic township saw significant activity with sales volumes of 1.5 million sq. ft. over the nine-month period. CEO Atul Bohra highlighted that despite extended timelines for project launches, the strong demand for both premium and mid-segment housing is fostering a positive outlook for sustained growth. Investors should watch closely for further developments as the company's robust pipeline indicates potential for continued success in the real estate market.