Kolte-Patil Developers has announced its operational update for Q3 and 9M FY26, delivering record quarterly collections of ₹709 crore and maintaining steady sales performance across its diversified portfolio in Pune, Mumbai, and Bengaluru.

Q3 FY26 Operational Performance

The company reported sales value of ₹605 crore for Q3 FY26, driven by sustenance inventory across ongoing projects. The quarter's performance was influenced by new launches of 2.19 million sq. ft. coming towards the latter part of the quarter, with significant sales from these launches expected to be recorded in Q4 FY26.

Record Collections and Realizations

The standout performance came from collections, which reached the highest ever quarterly level of ₹709 crore, representing a 25% year-over-year increase and 19% quarter-over-quarter growth. This exceptional collections performance demonstrates the company's strong project execution and cash flow generation capabilities.

Realizations for Q3 FY26 reached ₹8,726 per sq. ft., marking a 12% quarter-over-quarter increase and achieving the highest level historically. The growth in realizations reflects continued pricing power in key markets, sustained demand for offerings, and increasing contribution from Mumbai projects.

Nine-Month FY26 Performance

For the nine months ended December 31, 2025, Kolte-Patil achieved record collections of ₹1,855 crore, up 7% year-over-year, representing the highest level achieved historically. Sales value for 9M FY26 stood at ₹1,891 crore with volume of 2.39 million sq. ft.

Business Development and Project Updates

Life Republic, the company's flagship integrated township, continued driving sales volumes by contributing 0.38 million sq. ft. of sales in Q3 FY26 and 1.41 million sq. ft. for 9M FY26. The company launched 3.71 million sq. ft. during the nine-month period.

In January 2026, Kolte-Patil signed a joint development agreement for a residential project in Bhugaon, Pune, spanning approximately 5 acres with 1.1 million sq. ft. saleable area and estimated Gross Developable Value of ₹850 crore. For 9M FY26, the company acquired projects with aggregate GDV of ₹2,250 crore across 3 million sq. ft. saleable area.

Stock Performance and Management Commentary

Shares of Kolte-Patil Developers ended at ₹377, up by ₹5.85, or 1.58%, on the BSE on January 14, reflecting positive investor sentiment following the quarterly results announcement.

Rajesh Patil, Managing Director, commented on the performance: "Over the nine months of FY26, we delivered steady performance with sales of ₹1,891 crore and record collections of ₹1,855 crore as well as all-time high realization of ₹8,726 per sq. ft., reflecting sustained positive momentum across our portfolio and in the sector. We continue to undertake accretive acquisitions by selectively pursuing attractive opportunities in good locations across key markets to enhance long-term business prospects."

Kolte Patil Developers has signed a joint development deal for a residential project in Pune's Bhugaon area, marking a significant expansion in its development portfolio. The project represents a substantial investment in the growing Pune real estate market and aligns with the company's strategy to strengthen its presence in high-potential micro-markets.

Project Overview

The joint development initiative encompasses approximately 1.1 million square feet in Bhugaon, Pune. This strategic location positions the project within one of Pune's emerging residential corridors, offering potential for significant market impact.

Strategic Location and Connectivity

Bhugaon represents an emerging residential area surrounded by established premium markets like Bavdhan and Kothrud. The location offers strategic advantages with its proximity to the Mumbai-Pune Expressway and Shivaji Nagar railway station, ensuring excellent connectivity for residents.

The project will benefit from being in close proximity to large employment hubs as well as access to advanced social infrastructure comprising schools, hospitals, shopping malls, and entertainment hubs.

Management Perspective

Rajesh Patil, Managing Director of Kolte-Patil Developers, commented on the development: "The Bhugaon project marks an important step in expanding our residential portfolio and reflects our commitment to delivering thoughtfully designed, amenity-rich developments that address evolving homebuyer aspirations while supporting Pune's urban growth."

Company Background and Investment

Based in Pune, Kolte-Patil Developers maintains a presence across Mumbai and Bengaluru. The company notably became Blackstone Group's first residential investment in India when Blackstone invested ₹1,800.00 crores in March 2025, acquiring a 14.30% stake through a preferential allotment route.

This joint development project adds to Kolte-Patil Developers' growing presence in the Pune real estate market, demonstrating the company's commitment to expanding its development footprint in key metropolitan areas.