Kolte-Patil Developers Limited announced its audited financial results for the fourth quarter and full year ended 31 March 2026. The Pune-based real estate player reported a consolidated net loss of ₹380.8 crore for FY26, compared to a net profit of ₹1,093.3 crore in the previous year. Revenue from operations for the year stood at ₹734.96 crore, down from ₹1,717.38 crore in FY25. The company attributed the decline to the Percentage of Completion Method (CCM) based accounting and moderated revenue recognition.

Q4 Financial Performance

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹142.9 crore, compared to a net profit of ₹662.9 crore in the same quarter last year. Revenue for Q4 FY26 was ₹248.61 crore, against ₹718.67 crore in the corresponding period of the previous year. The board approved the results at its meeting held on May 22, 2026.

Operational and Collections Performance

Despite the muted profitability, the company achieved record annual collections of ₹2,689 crore in FY26, representing an 11% increase year-on-year. In Q4 alone, collections stood at ₹834 crore, up 18% compared to the same period last year. Sales value for FY26 reached ₹2,605 crore, while Q4FY26 sales were recorded at ₹714 crore.

Price realization emerged as a key highlight, with the company achieving its highest historical realization of ₹9,601 per sq. ft. in Q4FY26, a 21% year-on-year rise. For the full year, realization grew 7% to ₹8,314 per sq. ft.

Strategic Outlook and Updates

During the year, the company focused on capital deployment with discipline, acquiring projects with an aggregate Gross Development Value (GDV) of approximately ₹2,250 crore spanning 3 million sq. ft. The company noted that FY26 was a year of transition, marked by the onboarding of Blackstone as a 40% strategic partner. The board also approved a draft scheme of amalgamation for two wholly-owned subsidiaries, Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited, subject to necessary approvals. Additionally, the board approved the re-appointment of Mr. Girish Vanvari as an Independent Director for a second term of five years from July 29, 2026, subject to shareholder approval.

The Board of Directors of Kolte-Patil Developers Limited approved the re-appointment of Mr. Girish Vanvari as an Independent Director (Non-Executive) for a second term of five consecutive years. The term is set to commence on July 29, 2026, pending approval from the shareholders in the upcoming annual general meeting. Mr. Vanvari, who holds a DIN of 07376482, brings over 27 years of consulting experience, including a significant tenure as the National Leader for Tax at KPMG.

Senior Management Appointments

Simultaneously, the Board designated four individuals as Senior Management Personnel of the company, effective May 22, 2026. These appointments are aimed at strengthening the company's leadership across key operational and strategic functions.

Leadership Profiles

Mr. Anil Dwivedi, appointed as Chief Development Officer, brings over 30 years of experience in real estate and construction. He will lead delivery excellence, project governance, and the company's development agenda. Mr. Vishal Mariya takes on the role of Chief Human Resources Officer, reporting to the Managing Director. With 19 years of experience across FMCG, Real Estate, and EPC sectors, he will lead the Group's people and administrative functions.

Mr. Pranav Mehta has been named Chief Business Officer – Pune. He is responsible for the region's growth and profitability, leveraging 19 years of real estate experience. Mr. Mahendra Kumar Chauhan assumes the position of Business Head – Mumbai, spearheading operations and large-scale redevelopment initiatives with nearly two decades of industry experience.