Kolte-Patil Developers had a strong Q1 FY27. Total income reached Rs. 937 Cr and profit (PAT) was Rs. 146 Cr, a significant turnaround from a loss last year.

Pre-sales stood at Rs. 617 Cr, while collections surged 30% YoY to Rs. 715 Cr.

Average realization per square foot jumped 29% YoY to Rs. 9,442, driven by Mumbai projects and price revisions.

Mumbai accounted for ~30% of sales value.

The company ended the quarter in a net cash position of Rs. 417 Cr.

Strategically, the company plans to expand its portfolio into premium segments and deepen its presence in key micro-markets across Pune, Mumbai, and Bengaluru.

Recent developments include launching 0.78 Mn.

Sq.

Ft. of new projects in Pune.

A major highlight was securing 6 society redevelopment projects in Mumbai with an estimated ~Rs. 6,000 Cr Gross Development Value, reinforcing Mumbai as a priority market.

Management is focused on building an institutionally-led real estate platform, aiming for industry leadership through quality and customer centricity.