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. On an EBITDA basis, Q4 FY26 recorded a loss of 60m Rupees, compared to a gain of 1.1b Rupees in the same quarter 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 Q4 FY26 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 Q4 FY26, 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.

Kolte-Patil Developers Ltd. has informed the stock exchanges that it will not host a conference call following the announcement of its financial results for the fourth quarter and fiscal year ended March 31, 2026. The disclosure was made via a regulatory filing on May 22, 2026.

The company stated that the decision to forgo the conference call is due to an ongoing phase of integration and leadership transition. During this period, the firm is undertaking internal restructuring measures. These initiatives are intended to further strengthen governance, enhance operational efficiency, and align the organization with its long-term strategic priorities.

Despite the absence of a live conference call, the company has ensured that stakeholders and investors have access to necessary financial information. The Q4FY26 results release and the investor presentation have been made available for public viewing.

Investors can access the documents using the following links:

The filing was signed by Vinod Patil, Company Secretary and Compliance Officer of Kolte-Patil Developers Ltd. . For further information, investors have been directed to contact Dipti Rajput, VP – Investor Relations.