Kolte Patil Q2 FY26 Earnings Results

Company is in real estate business (Residential & Commercial) with dominant presence in the Pune and growing presence in Mumbai and Bengaluru.

 

Q2 FY26 Earnings Results

• Revenue from Operations: ₹139 crore, up 67.1% QoQ from ₹96.81 crore, but down 54.8% YoY from ₹320.96 crore in Q2 FY25, continuing a volatile trend in quarterly revenue recognition.​

• Profit After Tax (PAT): ₹-11.14 crore, which is a narrowed loss from ₹-16.88 crore in Q1 FY26, but a sharp decline from a profit of ₹10.34 crore YoY.​

• Earnings Per Share (EPS): ₹-1.18, an improvement from ₹-2.21 in Q1 FY26, but down significantly YoY from ₹1.28.​

• Operating margin (excluding other income): -26.85%, down from +5.25% YoY, reflecting severe fixed cost absorption issues and pressured execution.​

• Gross margin: -12.56%, with PAT margin at -8.03%, both unsustainable and marking significant operational challenges.​

• Q2 pre-sales improved 9% QoQ to ₹670 crore, and collections rose 8% QoQ to ₹596 crore, indicating reasonable demand in the underlying business, albeit with delayed revenue conversion.​

 

Management Commentary & Strategic Insights

• Management emphasized healthy QoQ improvement in pre-sales and collections, but acknowledged severe project execution delays and conversion shocks causing the collapse in recognized revenue.​

• The company remains optimistic regarding long-term demand in core markets, particularly Pune and Bengaluru, and intends to recover margins through operational restructuring, improved project delivery discipline, and cost optimization.​

• A new CEO search is underway to drive strategic turnaround, while negative net debt provides some financial cushion.​

• The board approved a merger of select subsidiaries and a review of underperforming assets to improve return on capital.​

 

 

Q1 FY26 Earnings Results

• Revenue from Operations: ₹96.81 crore, down 72.4% YoY, but profit after tax improved sequentially to a loss of ₹-16.88 crore versus a loss of ₹-26.18 crore in Q4 FY25.​

• Earnings per share (EPS): ₹-2.21 in Q1 FY26, down from ₹1.28 YoY.​

• Pre-sales value for Q1: ₹616 crore; collections: ₹552 crore, reflecting underlying housing demand even as project completions lagged.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.