Kolte-Patil Developers Ltd. Q3 & 9M FY25 Financial Results
Kolte-Patil Developers Ltd., a leading Pune-based real estate player, with growing presence in Mumbai and Bengaluru, announced its un-audited results for the third quarter and nine months ended 31 December 2024.
City Air News
Feb 12, 2025 06:54
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Bengaluru, February 12, 2025: Kolte-Patil Developers Ltd., a leading Pune-based real estate player, with growing presence in Mumbai and Bengaluru, announced its un-audited results for the third quarter and nine months ended 31 December 2024.
Commenting on the performance for Q3 & 9M FY25, Atul Bohra, Group CEO, Kolte-Patil Developers Limited said, “Our 9M performance has been marked by milestone sales and collections of Rs. 2,161 crore and Rs. 1,729 crore respectively. Revenues improved 18% YoY to Rs. 999 crore, while EBITDA increased 20% YoY to Rs. 70 crore. Our commitment, to redefining living, enhancing the customer’s price-value proposition, and strong execution capabilities, enables sustained long-term performance. Healthy operations cycle resulted in strong operating cash flows of Rs. 641 crore during the nine months. Our premium luxury offerings continue to gain momentum. Homeownership trends, especially in the premium and mid-premium, continue to strengthen, and we are well positioned to leverage these opportunities.
To further enhance our portfolio, we are actively building our business development pipeline that aligns with evolving market preferences in our target markets. Recently, we signed ~22 acres joint development project in Pune with the expected GDV of ~Rs. 4,000 crore.
The broader economic environment remains supportive. A robust portfolio of upcoming launches, capital-efficiency, strong brand equity, well-defined diversification across high potential markets, will enable us to to deliver sustainable value for all our stakeholders."
