Kolte Patil Developers Ltd Share Price – NSE /  BSE

Realty, Small Cap

Net profit of Kolte Patil Developers reported to Rs 25.30 crore in the quarter ended December 2024 as against net loss of Rs 62.89 crore during the previous quarter ended December 2023. Sales rose 361.37% to Rs 349.67 crore in the quarter ended December 2024 as against Rs 75.79 crore during the previous quarter ended December 2023.

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Kolte Patil Developers has signed a joint development deal for a residential /mixed used project located at Wadgaon Khurd, on Sinhagad road, Pune. The project with the total potential saleable area of ~5 million square feet has an expected Gross Developable Value (GDV) of ~Rs. 4,000 crore.

Spread over ~22 acres within Pune Municipal Corporation Limit, this land is strategically located in South-West part of Pune and boasts scenic surroundings and seamless connectivity to CBD Pune and West-Pune zone. It offers breathtaking views of the Mutha River to the north, a serene garden reservation to the south ensuring an unobstructed view, and a 90-meter proposed ring road alongside park reservations to the west. The project has well-established access to social infrastructure, with schools, hospitals, shopping malls and entertainment hubs conveniently located within a 2-kilometer radius.

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The project with the total potential saleable area of nearly 5 million square feet has an expected gross developable value (GDV) of approximately Rs 4,000 crore.

The GDV of these projects is nearly 1.72 times the company’s current market capitalization of Rs 2,325.35 crore.

Spread over approximately 22 acres within Pune Municipal Corporation Limit, this land is strategically located in South-West part of Pune and boasts scenic surroundings and seamless connectivity to CBD Pune and West-Pune zone.

It offers breathtaking views of the Mutha River to the north, a serene garden reservation to the south ensuring an unobstructed view, and a 90-meter proposed ring road alongside park reservations to the west.

The project has well-established access to social infrastructure, with schools, hospitals, shopping malls and entertainment hubs conveniently located within a 2-kilometer radius.

Atul Bohra, Group CEO, Kolte-Patil Developers, said: We are excited to add this large-scale development of ~5 million square feet, strategically located in South-West Pune, reinforcing our leadership in the city’s dynamic real estate market.

This project is a significant milestone for Kolte Patil, further strengthening our presence in a high-potential micro-market.

The Kolte-Patil Developers group is one of the largest residential real estate developers in Pune. The company has a healthy project portfolio of affordable, mid-income, and luxury residential segments through its brands, Kolte-Patil and 24K, respectively, and is expanding its presence in Bengaluru and Mumbai.

The company’s consolidated net profit surged 138.5% to Rs 9.74 crore on 55.6% rises in net sales to Rs 308.29 crore in Q2 FY25 over Q2 FY24.

The scrip shed 0.13% to currently trade at Rs 305.95.

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Kolte Patil Developers will hold a meeting of the Board of Directors of the Company on 11 February 2025.

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