Kolte-Patil Developers Ltd announced on Tuesday that its sales bookings grew by 52 percent during the July-September quarter, reaching a record total of ₹1,019 crore, which was attributed to stronger demand for its housing developments.
This figure contrasts with the sales bookings of ₹670 crore recorded in the corresponding period of the previous year. In a formal regulatory submission, the company disclosed its highest quarterly sales ever for the July-September period of the 2026-27 fiscal year, marking a 52 percent increase year-over-year.
Furthermore, for the first half of the current fiscal year, sales bookings achieved a record high of ₹1,636 crore, representing a 27 percent rise compared to the ₹1,286 crore seen in the prior year.
Слушать эту статью
Hrishikesh Parandekar, the Chief Executive Officer of Kolte-Patil Developers, commented that the company's strong performance in both Q2 and the first half of FY27, characterized by record quarterly and semi-annual sales alongside solid collections, demonstrates the resilience of their business operations. He noted that the company maintained robust sales not only in newly launched projects but also across its existing ones.
Parandekar added that despite a recent softening of demand in the wider market, especially within Pune, the company has managed to sustain significant business momentum. He further observed that the fundamental aspects of India's residential real estate market remain positive, supported by factors such as urbanization, growing aspirations, and an increasing consumer preference for quality housing.
Kolte-Patil, which is based in Pune, has been responsible for developing and constructing over 82 various projects. These include residential complexes, integrated townships, commercial complexes, and IT Parks, collectively covering a saleable area exceeding 34 million square feet across the cities of Pune, Mumbai, and Bengaluru. The global investment firm Blackstone holds a 40 percent ownership stake in the company.
