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Kolte-Patil Developers Posts Record H1 Pre-Sales of ₹1,636 Crore, Up 27%
Sentiment: PositiveHigh Priority
What Happened?
Kolte-Patil Developers Ltd reported record half-yearly pre-sales of ₹1,636 crore for H1FY27, a 27% increase year-on-year. Quarterly pre-sales also rose by 52% to ₹1,019 crore.
Key points
- Total income for H1FY27 reached ₹1,288 crore, the highest for a half-year period.
- Earnings before interest, tax, depreciation, and amortization (Ebitda) was ₹223 crore with a margin of 17%.
- Collections increased by 32% year-on-year to ₹1,509 crore in H1FY27.
- The company launched around 1 million sq ft at Vyana at The Reserve in Pune, generating pre-sales of ₹616 crore.
- Kolte-Patil added six redevelopment projects in the Mumbai Metropolitan Region with a combined gross development value of ₹6,000 crore.
Key insights
- The strong pre-sales performance may attract further investment in Kolte-Patil's future projects.
- Increased collections suggest improved cash flow, which could enhance operational capabilities.
- The launch of new projects indicates Kolte-Patil's strategic expansion in the competitive real estate market.
Why it matters
The record pre-sales indicate strong demand in the real estate market, which could benefit investors and stakeholders.
Entities
Kolte-Patil Developers Ltd· CompanyMumbai· CityPune· City
Source
Business Standard
