**1. Business Performance:** Kolte-Patil Developers reported strong Q3 FY26 collections, hitting a record Rs. 709 Cr, and a 9-month high of Rs. 1,855 Cr.

Pre-sales for Q3 stood at Rs. 605 Cr, with average price realization improving to Rs. 8,726/Sq.

Ft. and operating cash flow rising to Rs. 205 Cr.

Pune projects, especially Life Republic, continue to be key revenue drivers. **2. Growth Drivers or Strategy:** The company is strategically focused on partnerships, notably with Blackstone (which now holds a 40% stake), to accelerate expansion.

KPDL aims for operational excellence through faster sales, approvals, and construction.

It is also diversifying its project portfolio across Pune, Mumbai, and Bengaluru, holding a potential of 37.2 Mn.

Sq.

Ft. **3. Recent Developments:** KPDL launched 2.19 Mn.

Sq.

Ft. in Q3 FY26 and 3.71 Mn.

Sq.

Ft. in 9M FY26. Recent business development includes acquiring ~7.5 acres in Bhugaon, Pune (estimated GDV Rs. 1,400 Cr), and a joint development agreement for another ~5 acres there (estimated GDV Rs. 850 Cr). **4. Key Financial Metrics:** For Q3 FY26, total income was Rs. 281.8 Cr, adjusted EBITDA Rs. 24.7 Cr, and PAT Rs. 4.5 Cr. **5. Management Commentary / Outlook:** Management anticipates sustained housing demand due to softer interest rates and pro-growth policies, with mid-premium and luxury segments driving growth.

KPDL expects to benefit from the industry's ongoing shift towards organized players, with a focus on enhancing liquidity and project turnover.