Kolte-Patil Developers Limited (KPDL), a prominent real estate developer, has reported a consolidated net loss for the second quarter of fiscal year 2026, reflecting challenges in the real estate sector.

Financial Performance

For the quarter ended September 30, 2025, KPDL reported:

The company's revenue from operations saw a significant decline of 55.00% year-over-year, dropping to ₹13,866.00 lakhs from ₹30,829.00 lakhs in the same quarter of the previous fiscal year.

Loss and Profitability

KPDL reported a consolidated net loss of ₹1,114.00 lakhs for Q2 FY2026, compared to a profit of ₹1,034.00 lakhs in Q2 FY2025. This shift from profit to loss indicates a challenging quarter for the company.

Operational Highlights

The company's expenses, particularly in cost of services, construction, and land, increased substantially to ₹58,954.00 lakhs in Q2 FY2026 from ₹31,231.00 lakhs in Q2 FY2025. This increase in costs, coupled with the revenue decline, contributed to the quarterly loss.

Balance Sheet and Liquidity

As of September 30, 2025, KPDL's balance sheet showed:

• Total assets of ₹6,44,419.00 lakhs
• Total equity (including non-controlling interests) of ₹1,21,893.00 lakhs
• Current assets of ₹5,66,120.00 lakhs, indicating a strong liquidity position

Strategic Developments

During the quarter, KPDL completed a preferential allotment of 1,26,75,685 equity shares at ₹329.00 per share to BREP Asia III India Holding Co VII Pte. Ltd., raising ₹41,703.00 lakhs. This strategic move has strengthened the company's equity base and brought in a significant investor.

Market Position

Despite the quarterly loss, KPDL maintains a presence in the real estate sector. The company's inventory levels and ongoing projects suggest potential for future revenue generation, subject to market conditions and project execution.

Outlook

While the Q2 FY2026 results show a challenging period for Kolte-Patil Developers, the recent equity infusion and the company's established market presence provide a foundation for potential recovery. Investors and stakeholders will be watching closely to see how the company navigates the current market conditions and leverages its strengths in the coming quarters.

Kolte Patil Developers Limited, a prominent real estate company, has announced revised disclosures for share acquisitions within its promoter group. The revisions, submitted on November 6, 2025, pertain to inter-family transfers by way of gift between immediate relatives, originally scheduled for November 14, 2025.

Key Details of the Share Transfers

Revised Disclosure Background

The company initially submitted disclosures on October 28, 2025, under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. However, due to technical reasons, the acquisitions were not completed on November 4, 2025, as originally planned. This prompted the submission of revised filings on November 6, 2025.

Regulatory Compliance

The share transfers are exempt from open offer requirements under SEBI regulations as they involve immediate relatives within the promoter group. Both acquirers have declared compliance with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.

Post-Transaction Shareholding

Following the proposed transactions:

• Harshavardhan Naresh Patil's shareholding is expected to increase to 2,902,145 shares (3.27% stake).
• Priyanjali Naresh Patil's shareholding is also set to rise to 2,902,145 shares (3.27% stake).
• Vandana Naresh Patil's shareholding is anticipated to decrease to 2,902,146 shares (3.28% stake), considering all inter-se transfers of shares.

These revised disclosures underscore the importance of transparency in promoter group transactions and adherence to regulatory requirements in the Indian stock market. Investors and market participants should note that these are inter-family transfers and do not represent open market transactions.