Kolte - Patil Developers Limited — Updates, 12-11-2024: Press Release

Kolte-Patil Developers Ltd. reported strong performance in Q2 and H1 FY25, achieving the highest half-yearly collections at ₹1,162 crore, up 18% YoY, and a sales value growth of 11% YoY to ₹1,481 crore. Sales volumes reached 1.99 million sq. ft. for H1 FY25, with revenues at ₹649 crore. The company’s EBITDA was ₹43.9 crore, and net profit stood at ₹16 crore.

CEO Atul Bohra highlighted a record quarterly pre-sales of ₹770 crore, showcasing demand for premium living in urban locations. The robust collections in Q2 reached ₹550 crore, further asserting the company's growth trajectory. Kolte-Patil is optimistic about its diverse launch pipeline for the second half, aiming to leverage favorable market conditions and softening interest rates. With a strong project portfolio and positive market trends, the company is well-positioned to deliver sustainable value for stakeholders moving forward.