Company is in real estate business (Residential & Commercial) with dominant presence in the Pune and growing presence in Mumbai and Bengaluru. Company markets its projects under two brands:
‘Kolte Patil’ (addressing the mid-income segment) and ‘24K’ (addressing the premium luxury segment).
- Revenue from Operations: ₹265.3 cr (₹2,653 lakh), -24.1% YoY vs Q3 FY25 (₹349.7 cr).
- EBITDA: ₹26.2 cr, with EBITDA margin 9.3% vs 12.98% YoY, indicating operating margin compression.
- PAT: ₹4.50 cr, -82% YoY vs ₹25.3 cr in Q3 FY25; PAT margin 1.6%, significant decline in profitability.
- EPS (Diluted): ₹0.51 per share, down sharply from prior year.
- 9M FY26 YTD: Sales ₹486.35 cr, Revenue ₹540.34 cr, Net loss ₹22.9 cr compared with profit last year, reflecting weak cumulative performance.
Management Commentary & Strategic Decisions
- Operational performance: Company reported record quarterly sales collections of ₹709 cr with quarterly sales value of ₹605 cr, indicating strong cash flows from project deliveries.
- Management noted robust pre-sales of 2.19 mn sq ft during Q3, though large part of the sales from late launches will likely be recognized in Q4 FY26, tempering Q3 financials.
- Leadership has been pursuing business development with project GDV additions of ₹2,250 cr (3 mn sq ft) driven by acquisitions and expansion in Pune market, reinforcing future revenue visibility.
- Profitability compression reflects operational challenges, margin squeeze and lower revenue recognition, even as the company reinforces project pipeline & collections growth; management has not issued detailed forward guidance in the earnings releases yet.
- The consolidated profit recovery (positive PAT) after losses highlights restructuring efforts, but 82% YoY decline underscores persistent margin pressures.
Q2 FY26 Earnings Results
- Revenue from Operations: Data from Q2 FY26 indicates sales growth (₹670 cr) and pre-sales/collections improvement. Operationally, the company saw sales rise QoQ.
- Profitability: Prior Q2 commentary and performance suggested weakened earnings metrics (with stand-alone results including losses), and Q2 profit figures were not as robust as typical industry peers.
- Other key metrics: Q2 saw 9% QoQ sales growth (₹670 cr) with elevated pre-sales and collections, although EPS and margin details were muted compared with Q3 growth metrics.
Management Commentary Q2
- Management highlighted sequential improvement in collections and pre-sales, indicative of underlying demand, and land acquisitions/expansion plans in Pune and key micro-markets to support long-term pipeline.
- Commentary noted margin pressures and revenue recognition timing across project deliveries, with emphasis on strategic asset additions and sales execution to improve future earnings recognitions.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.