{"id":130204,"date":"2022-05-26T10:08:58","date_gmt":"2022-05-26T14:08:58","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130204"},"modified":"2022-10-06T03:19:48","modified_gmt":"2022-10-06T07:19:48","slug":"kolte-patil-developers-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/kolte-patil-developers-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Kolte-Patil Developers Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Kolte Patil Developers Ltd Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/n0Sb6DkeQ3c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Kolte-Patil Developers Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/KOLTEPATIL\/\">KOLTEPATIL<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>KOLTEPATIL said that further from a new business development perspective, the company is focusing on newer micro markets in Pune.<\/li>\n<\/ul>\n<ul>\n<li>KOLTEPATIL\u2019s objective will be to deliver 25-30% sales value growth in FY23. The company is also targeting 3 million sq. ft. plus customer handovers during FY23.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Prithvi Raj with Unifi Capital asked about what kind of price hikes the company has taken across projects and geographies. Rahul Talele Group CEO said wherever the company got the opportunity of price rise, it has taken the price rise. KOLTEPATIL has improved price in the range of 5-8% in Pune, Mumbai and Bangalore areas.<\/li>\n<\/ul>\n<ul>\n<li>Prithvi Raj with Unifi Capital also asked if the company is looking for new launches in FY23. Rahul Talele Group CEO replied that in FY23, the company is confident of launches of more than INR4,000 crores, which was INR1,000 in FY22.<\/li>\n<\/ul>\n<ul>\n<li>Pritesh Sheth of Motilal Oswal enquired about the INR7,000 crore target of signing new projects and where these are located and if it will be outright or JDA purchase. Rahul Talele Group CEO said that the company has signed 7 non-binging townships, which are located in Pune and Mumbai and are in advance stage of discussion in Bangalore. Around 60-70% will come from Pune and around 30% from Mumbai and Bangalore. Of the 7 transactions, 2 are outright and 5 are JDA transactions.<\/li>\n<\/ul>\n<ul>\n<li>Pritesh Sheth of Motilal Oswal asked that after the rate hike, if there is any change in customer buying patterns. Rahul Talele Group CEO said there is no impact in the near future but if the rate hike is beyond 100 basis points the buying pattern can get impacted.<\/li>\n<\/ul>\n<ul>\n<li>Alkesh Thakkar with Antique Stock Broking asked about Bangalore portfolio as the company is not able to get deals there. Rahul Talele Group CEO said that the company is serious about Bangalore region and have moved one of its senior resource to take care of Bangalore region. So in FY23, the company expect good amount of growth in Bangalore also.<\/li>\n<\/ul>\n<ul>\n<li>Alkesh Thakkar with Antique Stock Broking asked about the dependency on the Life Republic in last 3-5 years and how it\u2019s moving going forward. Rahul Talele Group CEO said the dependency was close to 40%. In FY22, it got reduced to 31% and in FY23, KOLTEPATIL is confident it will be closer to 24-25%.<\/li>\n<\/ul>\n<ul>\n<li>Manoj Dua of Geometric Securities asked about company\u2019s plan in the plotting sector. Rahul Talele Group CEO clarified that the company is evaluating couple of plotting proposals in Pune and are at the advance stage of discussion. In fact KOLTEPATIL said it has executed and delivered its first plotting project in Township and has a got a good response.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Balakrishnan of iThought PMS asked about the outlook for Mumbai in FY23. Rahul Talele Group CEO replied that in Mumbai the company has taken a target of crossing INR650 crore in FY23. In terms of margins, KOLTEPATIL envisage an IRR of more than 25% for Mumbai, particularly a redevelopment portfolio.<\/li>\n<\/ul>\n<ul>\n<li>Rohit Balakrishnan of iThought PMS also asked about the timelines of the Mumbai portfolio, the projects sold in FY22, when are these expected to deliver and get reflected in P&amp;L. Rahul Talele Group CEO answered that it\u2019s expected in the next 18-36 months.<\/li>\n<\/ul>\n<ul>\n<li>Himanshu Upadhyay with O3 Capital asked about the pending collection in sold inventory of launched projects and construction spend remaining. Pawan Lohiya\u00a0 AVP &amp; Head of Finance answered that total receivables from sold would be around INR1,500 crore and the balance construction spend would be about INR1,400-1,500 crore.<\/li>\n<\/ul>\n<ul>\n<li>Himanshu Upadhyay with O3 Capital also asked about the value of pending inventory to be sold in the launched projects and the value of it. Pawan Lohiya\u00a0 AVP &amp; Head of Finance said the pending inventory in the launched projects would be around 1.8 million sq. ft., with an [ATR] of approx. INR6,000.<\/li>\n<\/ul>\n<ul>\n<li>Darshan Zaveri from Crown Capital asked about the revenue expectation for FY23 and the expected EBITDA PAT margin expectation. Rahul Talele Group CEO answered that the revenue number will be close to INR1,800 crore plus. And EBITDA margin is expected close to 25%.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Kolte-Patil Developers Ltd (KOLTEPATIL) Q4 FY22 Earnings Concall Management Update: KOLTEPATIL said that further from a new business development perspective, the company is focusing on newer micro markets in Pune. KOLTEPATIL\u2019s objective will be to deliver 25-30% sales value growth in FY23. The company is also targeting 3 million sq. ft. plus [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[1703],"class_list":["post-130204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-construction"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":148593,"url":"https:\/\/alphastreet.com\/india\/kolte-patil-developers-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130204,"position":0},"title":"Kolte-Patil Developers Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"June 12, 2023","format":false,"excerpt":"Key highlights from Kolte-Patil Developers Ltd (KOLTEPATIL) Q4 FY23 Earnings Concall Management Update: [00:03:58] KOLTEPATIL said the company achieved its highest ever pre-sales number of INR2,232 crores in FY23 and looks forward to maintaining the momentum going ahead. Sales also has nearly doubled from INR1,200 crores in FY21 to INR2,232\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143363,"url":"https:\/\/alphastreet.com\/india\/kolte-patil-developers-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130204,"position":1},"title":"Kolte-Patil Developers Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 22, 2023","format":false,"excerpt":"Key highlights from Kolte-Patil Developers Ltd (KOLTEPATIL) Q3 FY23 Earnings Concall Management Update: [00:03:33] KOLTEPATIL said it achieved its highest-ever quarterly sales value and sales volume during 3Q23, backed by 6 new project launches in Pune and Mumbai. [00:04:49] Profitability during 3Q23 was impacted by two low-margin projects in Pune,\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143043,"url":"https:\/\/alphastreet.com\/india\/earnings-summary-of-kolte-patil-developers-limited-for-q3-fy23\/","url_meta":{"origin":130204,"position":2},"title":"Earnings Summary Of Kolte Patil Developers Limited For Q3 FY23","author":"Hardik Bhandare","date":"February 28, 2023","format":false,"excerpt":"Kolte Patil Developers Limited (NSE: KOLTEPATIL) is a Pune-based real estate development company that operates in residential, commercial, and retail sectors. The company was established in 1991 and has completed more than 50 projects across Pune, Mumbai, Bengaluru, and Goa. Kolte Patil has a strong focus on sustainability, innovation, and\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140238,"url":"https:\/\/alphastreet.com\/india\/kolte-patil-developers-q3-fy23-company-posted-loss-of-%e2%82%b928-crore\/","url_meta":{"origin":130204,"position":3},"title":"Kolte Patil Developers Q3 FY23; Company Posted Loss Of \u20b928 Crore","author":"Hardik Bhandare","date":"February 6, 2023","format":false,"excerpt":"Kolte Patil Developers Limited (NSE: KOLTEPATIL) reported a Revenue from Operations of \u20b9368.08 Crores, a boost of 53% growth year on year.\u00a0 However, the company posted a loss of \u20b928.10 from a profit of \u20b97.11 Crore same quarter from the previous year. The Earnings per Share is -\u20b93.54 for this\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/96130e52-49bd-4940-b795-4afdcaf62af5-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/96130e52-49bd-4940-b795-4afdcaf62af5-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/96130e52-49bd-4940-b795-4afdcaf62af5-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/96130e52-49bd-4940-b795-4afdcaf62af5-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/96130e52-49bd-4940-b795-4afdcaf62af5-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/96130e52-49bd-4940-b795-4afdcaf62af5-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":137015,"url":"https:\/\/alphastreet.com\/india\/kolte-patil-developers-limited-q2-fy23-reported-a-loss-of-%e2%82%b96-88-crore\/","url_meta":{"origin":130204,"position":4},"title":"Kolte Patil Developers Limited Q2 FY23; Reported A Loss Of \u20b96.88 Crore","author":"Hardik Bhandare","date":"November 22, 2022","format":false,"excerpt":"Kolte Patil Developers Limited (NSE: KOLTEPATIL) reported Revenue from Operations for Q2 FY23 of \u20b9123.31 Crore down from \u20b9303.78 Crore year on year, a decline of 59.4%. Consolidated Net Loss of \u20b96.88 Crore compared to the profit of \u20b920.25 Crore in the same quarter of the previous year. The Earnings\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/2b4c4b33-4a12-45ee-84af-733cabd82e5e-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/2b4c4b33-4a12-45ee-84af-733cabd82e5e-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/2b4c4b33-4a12-45ee-84af-733cabd82e5e-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/2b4c4b33-4a12-45ee-84af-733cabd82e5e-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/2b4c4b33-4a12-45ee-84af-733cabd82e5e-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/2b4c4b33-4a12-45ee-84af-733cabd82e5e-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":130214,"url":"https:\/\/alphastreet.com\/india\/kolte-patil-developers-ltd-research-tear-sheet-q4-fy2022\/","url_meta":{"origin":130204,"position":5},"title":"Kolte Patil Developers Ltd Research Tear Sheet Q4 FY2022","author":"sreerupa","date":"May 26, 2022","format":false,"excerpt":"Kolte Patil Developers Ltd is an Indian real estate company. It was incorporated in 1991. The headquarter is located in Pune. The company focuses on high quality standards, design uniqueness and transparency. It is listed both on BSE and NSE. The projects include residential complexes, integrated townships, commercial complexes and\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"Research Summary","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/04\/Research-summary.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=130204"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=130204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=130204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=130204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}