Reported Earnings • Jul 07
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: ₹4.51 loss per share (down from ₹14.02 profit in FY 2025). Revenue: ₹7.35b (down 57% from FY 2025). Net loss: ₹386.7m (down 136% from profit in FY 2025). Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jul 06
Kolte-Patil Developers Limited, Annual General Meeting, Jul 27, 2026 Kolte-Patil Developers Limited, Annual General Meeting, Jul 27, 2026, at 15:00 Indian Standard Time. Reported Earnings • May 23
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: ₹4.51 loss per share (down from ₹14.02 profit in FY 2025). Revenue: ₹8.03b (down 53% from FY 2025). Net loss: ₹386.7m (down 136% from profit in FY 2025). Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • May 18
Kolte-Patil Developers Limited to Report Q4, 2026 Results on May 22, 2026 Kolte-Patil Developers Limited announced that they will report Q4, 2026 results on May 22, 2026 Reported Earnings • Feb 06
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹0.51 (down from ₹3.33 in 3Q 2025). Revenue: ₹2.82b (down 19% from 3Q 2025). Net income: ₹45.0m (down 82% from 3Q 2025). Profit margin: 1.6% (down from 7.2% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 61%. Earnings per share (EPS) also missed analyst estimates by 93%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jan 29
Kolte-Patil Developers Limited to Report Q3, 2026 Results on Feb 05, 2026 Kolte-Patil Developers Limited announced that they will report Q3, 2026 results at 4:00 PM, Indian Standard Time on Feb 05, 2026 Buy Or Sell Opportunity • Jan 10
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to ₹376. The fair value is estimated to be ₹479, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to grow by 323% in the next 2 years. Buy Or Sell Opportunity • Dec 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₹391. The fair value is estimated to be ₹494, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 111% in 2 years. Earnings are forecast to grow by 563% in the next 2 years. Reported Earnings • Dec 18
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: ₹1.18 loss per share (down from ₹1.28 profit in 2Q 2025). Revenue: ₹1.39b (down 55% from 2Q 2025). Net loss: ₹104.3m (down 207% from profit in 2Q 2025). Revenue missed analyst estimates by 77%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Nov 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.0% to ₹393. The fair value is estimated to be ₹501, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 79% in 2 years. Earnings are forecast to grow by 365% in the next 2 years. Reported Earnings • Nov 12
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: ₹1.18 loss per share (down from ₹1.28 profit in 2Q 2025). Revenue: ₹1.62b (down 48% from 2Q 2025). Net loss: ₹104.3m (down 207% from profit in 2Q 2025). Revenue missed analyst estimates by 77%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Oct 31
Kolte-Patil Developers Limited to Report Q2, 2026 Results on Nov 11, 2025 Kolte-Patil Developers Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Announcement • Sep 01
Kolte-Patil Developers Limited, Annual General Meeting, Sep 22, 2025 Kolte-Patil Developers Limited, Annual General Meeting, Sep 22, 2025, at 12:30 Indian Standard Time. New Risk • Aug 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (79% net debt to equity). Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Aug 07
Anisha Family Ventures LLP entered into an agreement for sale to acquire Kolte-Patil Realtors Estate Private Limited from Kolte-Patil Developers Limited (NSEI:KOLTEPATIL) for INR 0.10 million. Anisha Family Ventures LLP entered into an agreement for sale to acquire Kolte-Patil Realtors Estate Private Limited from Kolte-Patil Developers Limited (NSEI:KOLTEPATIL) for INR 0.10 million on August 6, 2025. A cash consideration of INR 0.1 million will be paid by Anisha Family Ventures LLP. As part of consideration, INR 0.1 million is paid towards common equity of Kolte-Patil Realtors Estate Private Limited.
For the period ending March 31, 2025, Kolte-Patil Realtors Estate Private Limited reported total revenue of INR 0. As of March 31, 2025, Kolte-Patil Realtors Estate Private Limited reported total common equity of INR 0.13 million.
The expected completion of the transaction is August 6, 2025. Reported Earnings • Jul 30
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: ₹2.21 loss per share (down from ₹0.82 profit in 1Q 2025). Revenue: ₹968.1m (down 72% from 1Q 2025). Net loss: ₹169.9m (down 373% from profit in 1Q 2025). Revenue missed analyst estimates by 86%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Jul 23
Kolte-Patil Developers Limited to Report Q1, 2026 Results on Jul 29, 2025 Kolte-Patil Developers Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Announcement • Jun 24
Kolte-Patil Developers Limited announced that it has received INR 4.170300365 billion in funding from Brep Asia III India Holding Co VII Pte. Ltd. On June 23, 2025, the Kolte-Patil Developers Limited closed the transaction. The transaction is approved by board of directors. Price Target Changed • May 27
Price target increased by 12% to ₹519 Up from ₹462, the current price target is an average from 4 analysts. New target price is 27% above last closing price of ₹408. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₹22.60 for next year compared to ₹14.02 last year. Reported Earnings • May 25
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹14.02 (up from ₹9.13 loss in FY 2024). Revenue: ₹17.6b (up 29% from FY 2024). Net income: ₹1.07b (up ₹1.76b from FY 2024). Profit margin: 6.0% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 17
Kolte-Patil Developers Limited to Report Q4, 2025 Results on May 24, 2025 Kolte-Patil Developers Limited announced that they will report Q4, 2025 results on May 24, 2025 Price Target Changed • Apr 09
Price target decreased by 7.1% to ₹462 Down from ₹497, the current price target is an average from 4 analysts. New target price is 41% above last closing price of ₹328. Stock is down 41% over the past year. The company is forecast to post earnings per share of ₹15.20 next year compared to a net loss per share of ₹9.13 last year. Announcement • Mar 18
Blackstone Floats Open Offer to Acquire Up to 26% in Kolte-Patil Developers Global investment firm Blackstone Inc. (NYSE:BX) has launched an open offer to acquire up to 26% stake in Pune-based realty firm Kolte-Patil Developers Ltd. from public shareholders for INR 7.5856 billion. Last week, Kolte-Patil Developers announced that Blackstone would acquire a 40% stake in the company for INR 11.5 billion, entering into Indian residential market after having a significant exposure in office, shopping mall, warehousing and date centre verticals of real estate. In a regulatory filing on Monday, Kolte-Patil Developers informed that Blackstone Group affiliated firm BREP Asia III India Holding Co VII Pte Ltd. together with Blackstone Real Estate Partners Asia III L P and Blackstone Real Estate Partners (Offshore) X.TE-F (AIV) L P have launched an open offer for acquisition of up to 0.023 billion shares of Kolte-Patil Developers, representing 26% of the emerging voting capital, from the public shareholders. Announcement • Mar 13
Kolte-Patil Developers Limited announced that it expects to receive INR 4.170300365 billion in funding from Brep Asia Ii Indian Holding Co Vii (Nq) Pte. Ltd. Kolte-Patil Developers Limited announced a private placement by way of preferential allotment an aggregate of 1,26,75,685 equity shares of the Company at a price of INR 329 for aggregate proceeds of INR 417,03,00,365 to BREP Asia III India Holding Co VII Pte on March 13, 2025. Price Target Changed • Feb 15
Price target decreased by 7.8% to ₹530 Down from ₹575, the current price target is an average from 5 analysts. New target price is 93% above last closing price of ₹274. Stock is down 44% over the past year. The company is forecast to post earnings per share of ₹15.20 next year compared to a net loss per share of ₹9.13 last year. Reported Earnings • Feb 12
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹3.33 (up from ₹8.27 loss in 3Q 2024). Revenue: ₹3.69b (up 387% from 3Q 2024). Net income: ₹253.0m (up ₹881.9m from 3Q 2024). Profit margin: 6.9% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Feb 05
Kolte-Patil Developers Limited to Report Q3, 2025 Results on Feb 11, 2025 Kolte-Patil Developers Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹1.28 (up from ₹3.33 loss in 2Q 2024). Revenue: ₹3.21b (up 62% from 2Q 2024). Net income: ₹97.4m (up ₹350.5m from 2Q 2024). Profit margin: 3.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 57%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Nov 05
Kolte-Patil Developers Limited to Report Q2, 2025 Results on Nov 12, 2024 Kolte-Patil Developers Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Announcement • Sep 12
Kolte-Patil Developers Limited Announces Cessation of Jayant Pendse as Independent Director Kolte-Patil Developers Limited announced that Mr. Jayant Pendse, has completed his second and final term of five years as an Independent Director and consequently ceased to be a Director of the Company with effect from the close of business hours on 12 September 2024. Reason for change is Cessation due to completion of second and final term of five years as an Independent Director. Announcement • Aug 17
Kolte-Patil Developers Limited Announces Resignation of Khiroda Jena as Chief Financial Officer Kolte-Patil Developers Limited announced that Mr. Khiroda Jena - Chief Financial Officer and Senior Management Personnel (SMP) of the Company as per Regulation 16(1) (d) of SEBI Listing Regulations, has resigned on 17 August 2024. Mr. Khiroda Jena has resigned to pursue professional opportunities outside the organization. Price Target Changed • Aug 13
Price target decreased by 10% to ₹622 Down from ₹693, the current price target is an average from 5 analysts. New target price is 76% above last closing price of ₹353. Stock is down 21% over the past year. The company is forecast to post earnings per share of ₹13.60 next year compared to a net loss per share of ₹9.13 last year. Announcement • Aug 10
Kolte-Patil Developers Limited Announces Cessation of Prakash Gurav as Independent Director, Effective August 12, 2024 Kolte-Patil Developers Limited informed that Mr. Prakash Gurav will be completing his second and final term of five years as an Independent Director and consequently will cease to be a Director of the Company with effect from the close of business hours on August 12, 2024. The Board of Directors of the Company in their meeting held on August 9, 2024 took a note of the above and expressed appreciation for his contribution during his tenure as an independent Director. Announcement • Aug 02
Kolte-Patil Developers Limited to Report Q1, 2025 Results on Aug 09, 2024 Kolte-Patil Developers Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • Jul 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: ₹9.13 loss per share (down from ₹13.69 profit in FY 2023). Revenue: ₹13.7b (down 7.9% from FY 2023). Net loss: ₹693.5m (down 167% from profit in FY 2023). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Declared Dividend • Jul 27
Dividend of ₹4.00 announced Dividend of ₹4.00 is the same as last year. Ex-date: 9th August 2024 Payment date: 16th September 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. Announcement • Jul 26
Kolte-Patil Developers Limited, Annual General Meeting, Aug 17, 2024 Kolte-Patil Developers Limited, Annual General Meeting, Aug 17, 2024, at 11:30 Indian Standard Time. Announcement • Jul 25
Kolte-patil Planet Real Estate Private Limited agreed to acquire 20% stake in Snowflower Properties Private Limited from Kolte-Patil Developers Limited (NSEI:KOLTEPATIL) for INR 83.8 million. Kolte-patil Planet Real Estate Private Limited agreed to acquire 20% stake in Snowflower Properties Private Limited from Kolte-Patil Developers Limited (NSEI:KOLTEPATIL) for INR 83.8 million on July 24, 2024. Snowflower Properties Private Limited reported common equity of INR
The expected completion of the transaction is July 25, 2024. New Risk • Jun 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • May 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: ₹9.12 loss per share (down from ₹13.48 profit in FY 2023). Revenue: ₹13.9b (down 6.3% from FY 2023). Net loss: ₹693.5m (down 168% from profit in FY 2023). Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 25
Kolte-Patil Developers Limited Recommends Final Dividend for the Financial Year 2023-2024 Kolte-Patil Developers Limited announced that at the board meeting held on 24 May 2024 recommended Final Dividend of INR 4/- (Rupees Four only) per equity share of INR 10 each for the financial year 2023-2024, subject to the taxes and approval of the Members in the ensuing 33rd Annual General Meeting. The Company will intimate the record date and date of payment separately. Announcement • May 18
Kolte-Patil Developers Limited to Report Q4, 2024 Results on May 24, 2024 Kolte-Patil Developers Limited announced that they will report Q4, 2024 results on May 24, 2024 Price Target Changed • Apr 16
Price target increased by 9.3% to ₹718 Up from ₹657, the current price target is an average from 4 analysts. New target price is 33% above last closing price of ₹540. Stock is up 112% over the past year. The company is forecast to post earnings per share of ₹8.20 for next year compared to ₹13.48 last year. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹559, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 44x in the Real Estate industry in India. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,070 per share. Announcement • Feb 29
Kolte-Patil Developers Limited Announces Resignation of Mukesh Jaitley as Group Chief Operating Officer Kolte-Patil Developers Limited announced that Mukesh Jaitley, Group Chief Operating Officer (COO) and Senior Management Personnel (SMP) of the Company, as per Regulation 16(1) (d) of SEBI Listing Regulations, has resigned from the services of the Company on 26 February 2024. The Company will relieve him from the services effective from close of business hours of 29 February 2024. Date of Resignation: Mr. Mukesh Jaitley has resigned from the services of the Company on 26 February 2024, to pursue opportunities outside of Kolte-Patil Group. The Company will relieve him from the services effective from close of business hours of 29 February 2024. Price Target Changed • Jan 30
Price target increased by 8.7% to ₹657 Up from ₹604, the current price target is an average from 3 analysts. New target price is 26% above last closing price of ₹520. Stock is up 84% over the past year. The company is forecast to post earnings per share of ₹8.20 for next year compared to ₹13.48 last year. Reported Earnings • Jan 26
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: ₹8.27 loss per share (further deteriorated from ₹3.54 loss in 3Q 2023). Revenue: ₹837.0m (down 78% from 3Q 2023). Net loss: ₹628.9m (loss widened 134% from 3Q 2023). Revenue missed analyst estimates by 79%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Jan 16
Kolte-Patil Developers Limited to Report Q3, 2024 Results on Jan 24, 2024 Kolte-Patil Developers Limited announced that they will report Q3, 2024 results on Jan 24, 2024 New Risk • Nov 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.3% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Nov 07
Second quarter 2024 earnings released: ₹3.33 loss per share (vs ₹1.15 loss in 2Q 2023) Second quarter 2024 results: ₹3.33 loss per share (further deteriorated from ₹1.15 loss in 2Q 2023). Revenue: ₹2.05b (up 49% from 2Q 2023). Net loss: ₹253.1m (loss widened 188% from 2Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Kolte-Patil Developers Limited to Report Q2, 2024 Results on Nov 06, 2023 Kolte-Patil Developers Limited announced that they will report Q2, 2024 results on Nov 06, 2023 Announcement • Aug 22
Kolte-Patil Developers Limited Approves Final Dividend for the Financial Year 2022-23 Kolte-Patil Developers Limited approved final dividend of INR 4 per share on Equity Share of INR 10/- each for the financial year 2022-23 at its AGM held on August 19, 2023. Upcoming Dividend • Aug 04
Upcoming dividend of ₹4.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 18 September 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 31
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹13.48 (up from ₹10.45 in FY 2022). Revenue: ₹14.9b (up 33% from FY 2022). Net income: ₹1.02b (up 29% from FY 2022). Profit margin: 6.9% (down from 7.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Kolte-Patil Developers Limited to Report Q1, 2024 Results on Aug 04, 2023 Kolte-Patil Developers Limited announced that they will report Q1, 2024 results on Aug 04, 2023 Price Target Changed • Jul 16
Price target increased by 10% to ₹411 Up from ₹374, the current price target is an average from 2 analysts. New target price is 9.0% above last closing price of ₹377. Stock is up 47% over the past year. The company is forecast to post earnings per share of ₹23.00 for next year compared to ₹13.48 last year. Price Target Changed • May 30
Price target increased by 11% to ₹389 Up from ₹350, the current price target is an average from 2 analysts. New target price is 25% above last closing price of ₹310. Stock is up 24% over the past year. The company is forecast to post earnings per share of ₹23.00 for next year compared to ₹13.48 last year. Reported Earnings • May 26
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹13.48 (up from ₹10.45 in FY 2022). Revenue: ₹15.2b (up 35% from FY 2022). Net income: ₹1.02b (up 29% from FY 2022). Profit margin: 6.7% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • May 26
Kolte-Patil Developers Limited Recommends Final Dividend Kolte-Patil Developers Limited recommended Final Dividend of INR 4 per equity share of INR 10 each for the financial year 2022-23, subject to the taxes and approval of the Members in the upcoming 32nd Annual General Meeting. The Company will intimate the record date and date of payment separately. Announcement • May 17
Kolte-Patil Developers Limited to Report Q4, 2023 Results on May 25, 2023 Kolte-Patil Developers Limited announced that they will report Q4, 2023 results on May 25, 2023 Announcement • Feb 08
Kolte-Patil Developers Limited (BSE:532924) completed the acquisition of 49% stake in Tuscan Real Estate Pvt. Ltd. Kolte-Patil Developers Limited (BSE:532924) agreed to acquire 49% stake in Tuscan Real Estate Pvt. Ltd. for approximately INR 120 million on December 21, 2020. The consideration includes a payment of INR 115 million in terms of cash. As per the transaction, Kolte-Patil Developers Limited will acquire 49000 shares of Tuscan Real Estate Pvt. Ltd. which contributes to 49% stake. Pre-acquisition, Kolte-Patil Developers Limited holds 51% stake in Tuscan Real Estate Pvt. Ltd. and Post acquisition, Tuscan Real Estate Pvt. Ltd. will become a wholly owned subsidiary to Kolte-Patil Developers Limited. For the year ending March 31, 2020, Tuscan Real Estate Pvt. Ltd. reported revenues of INR 39 million. The transaction has been approved by the Board of Kolte-Patil Developers Limited. As of November 28, 2022, the board of directors of Tuscan Real Estate Pvt. Ltd approved the transaction.
Kolte-Patil Developers Limited (BSE:532924) completed the acquisition of 49% stake in Tuscan Real Estate Pvt. Ltd. for approximately INR 120 million on February 6, 2023. Reported Earnings • Feb 08
Third quarter 2023 earnings released: ₹3.54 loss per share (vs ₹0.71 profit in 3Q 2022) Third quarter 2023 results: ₹3.54 loss per share (down from ₹0.71 profit in 3Q 2022). Revenue: ₹3.74b (up 53% from 3Q 2022). Net loss: ₹268.9m (down ₹322.6m from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 27
Kolte-Patil Developers Limited to Report Q3, 2023 Results on Feb 06, 2023 Kolte-Patil Developers Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Feb 06, 2023 Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 16% share price gain to ₹308, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 16% over the past three years. Announcement • Nov 29
Kolte-Patil Developers Limited Announces Executive Changes Kolte-Patil Developers Limited announced resignation of Mr. Gopal Laddha as Chief Financial Officer of the Company with effect from close of business hours on 28 November 2022, Appointment of Mr. Khiroda Chandra Jena as Chief Financial Officer of the Company with effect from 29 November 2022, based on the recommendation of Nomination and Remuneration Committee and Audit Committee of the Board. A brief profile of Mr. Khiroda Chandra Jena and the disclosure pursuant to Regulation 30 of (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed herewith as Annexure A. Mr. Khiroda Chandra Jena is a successful finance professional with fast track career growth within the Tata group. He is highly effective business oriented finance leader with 22+ years of proven track record across industries i.e. ITES, Telecom, Energy and Real Estate. He has successfully turned around multiple projects and is accustomed to managing multiple projects in dynamic environments and growth driven teams. His areas of expertise include strategy, planning, business development, fund raising, and investor & partner relations. Prior to joining the Company, Mr. Khiroda Jena was working with Tata Housing Development Company Limited, Mumbai for around 10 years, He has also worked with Welspun Energy Limited, Reliance Communications Limited, Hewlett Packard, Chennai, and Aithent Technologies Private Limited, Chennai. Mr. Khiroda Chandra Jena is a qualified Chartered Accountant and holds a Bachelor's Degree in Commerce from Berhampur University. He has also completed Group Executive Leadership Course from Ross School of Business, Michigan University in 2021. Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹1.15 loss per share (vs ₹2.33 profit in 2Q 2022) Second quarter 2023 results: ₹1.15 loss per share (down from ₹2.33 profit in 2Q 2022). Revenue: ₹1.38b (down 55% from 2Q 2022). Net loss: ₹87.9m (down 150% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Second quarter 2023 earnings released: ₹1.15 loss per share (vs ₹2.33 profit in 2Q 2022) Second quarter 2023 results: ₹1.15 loss per share (down from ₹2.33 profit in 2Q 2022). Revenue: ₹1.38b (down 55% from 2Q 2022). Net loss: ₹87.9m (down 150% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
Kolte-Patil Developers Limited to Report Q2, 2023 Results on Nov 10, 2022 Kolte-Patil Developers Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Nov 10, 2022 Announcement • Aug 31
Kolte-Patil Developers Limited (BSE:532924) acquired remaining 15.63% stake in Sampada Realties Private Limited. Kolte-Patil Developers Limited (BSE:532924) acquired remaining 15.63% stake in Sampada Realties Private Limited for INR 90 million on August 30, 2022. Sampada became 100% wholly owned subsidiary of Kolte-Patil Developers. Sampada Realties has reported revenue of INR 499 million on March 31, 2022.
Kolte-Patil Developers Limited (BSE:532924) completed the acquisition of remaining 15.63% stake in Sampada Realties Private Limited on August 30, 2022. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 17% share price gain to ₹331, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 50% over the past three years. Announcement • Aug 06
Kolte-Patil Developers Limited to Report Q1, 2023 Results on Aug 12, 2022 Kolte-Patil Developers Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Upcoming Dividend • Jul 28
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 12 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.8%). In line with average of industry peers (0.7%). Reported Earnings • Jul 27
Full year 2022 earnings released: EPS: ₹10.45 (vs ₹0.73 loss in FY 2021) Full year 2022 results: EPS: ₹10.45 (up from ₹0.73 loss in FY 2021). Revenue: ₹11.3b (up 61% from FY 2021). Net income: ₹794.1m (up ₹849.3m from FY 2021). Profit margin: 7.0% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 23
Kolte-Patil Developers Limited, Annual General Meeting, Aug 13, 2022 Kolte-Patil Developers Limited, Annual General Meeting, Aug 13, 2022, at 11:45 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statement of the Company for the year ended 31 March 2022 and the Report of the Board of Directors' and Auditors' thereon; to consider the Audited Consolidated Financial Statement of the Company for the financial year ended 31 March 2022 and the Report of Auditors' thereon; to consider dividend; to consider directorate reelections; and to consider other matters. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₹255, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 3.1% over the past three years. Reported Earnings • May 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹10.45 (up from ₹0.73 loss in FY 2021). Revenue: ₹11.2b (up 60% from FY 2021). Net income: ₹794.1m (up ₹849.3m from FY 2021). Profit margin: 7.1% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 26
Kolte-Patil Developers Limited Recommends Final Dividend for Year Ended 31 March 2022 Kolte-Patil Developers Limited at board meeting held on 25 May 2022 recommended Final Dividend of INR 2 per equity share for the financial year 2021-22 to,the taxes and approval of shareholders in the ensuing 31 AGM, the record date and payment date will be communicated-separately. Announcement • May 19
Kolte-Patil Developers Limited to Report Q4, 2022 Results on May 25, 2022 Kolte-Patil Developers Limited announced that they will report Q4, 2022 results on May 25, 2022 Announcement • Apr 04
Kolte-Patil Developers Limited Announces Executive Changes Kolte-Patil Developers Limited at the board of directors meeting held on April 2, 2022 approved resignation of Mr. K N Swaminathan as Chief Financial Officer with immediate effect; and appointment of Mr. Gopal Laddha as Chief Financial Officer with immediate effect. Prior to the current assignment, Gopal Laddha has worked as a Managing Partner with Vighnesh International Trading and Advisory LLP for 7 months. He has also served as Director-Finance for 13 years with Famy Care Pvt. Ltd. and as CFO with Suashish Daamonds Ltd. for 3 years. Reported Earnings • Feb 09
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹0.71 (down from ₹2.96 in 3Q 2021). Revenue: ₹2.45b (up 26% from 3Q 2021). Net income: ₹53.7m (down 76% from 3Q 2021). Profit margin: 2.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Feb 01
Kolte-Patil Developers Limited to Report Q3, 2022 Results on Feb 08, 2022 Kolte-Patil Developers Limited announced that they will report Q3, 2022 results on Feb 08, 2022 Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹2.33 (vs ₹2.88 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹3.09b (up 379% from 2Q 2021). Net income: ₹177.0m (up ₹395.7m from 2Q 2021). Profit margin: 5.7% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 19% share price gain to ₹282, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 7.4% over the past three years. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS ₹3.88 (vs ₹3.56 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹2.01b (up 43% from 1Q 2021). Net income: ₹295.0m (up ₹564.8m from 1Q 2021). Profit margin: 15% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Executive Departure • Aug 04
Independent Non Executive Director Manasa Vishwanath has left the company On the 29th of July, Manasa Vishwanath's tenure as Independent Non Executive Director ended after 9.5 years in the role. We don't have any record of a personal shareholding under Manasa's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Aug 04
Independent Non Executive Director G. Vishwanath has left the company On the 29th of July, G. Vishwanath's tenure as Independent Non Executive Director ended after 14.6 years in the role. We don't have any record of a personal shareholding under Vishwanath's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 08
Non-Independent Non-Executive Director Sunita Kolte has left the company On the 31st of May, Sunita Kolte's tenure as Non-Independent Non-Executive Director ended after 26.1 years in the role. As of March 2021, Sunita still personally held 5.54m shares (₹1.3b worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years. Reported Earnings • Jun 01
Full year 2021 earnings released: ₹0.73 loss per share (vs ₹9.55 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: ₹7.08b (down 38% from FY 2020). Net loss: ₹55.2m (down 108% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Kolte-Patil Developers Limited Announces Executive Appointments Kolte-Patil Developers Limited announced the appointment of Mr. Yashvardhan Patil as Additional Director (Non-Executive) and Mr. Achyut Watve as Additional Director - Independent Director (Non-Executive), at the board meeting held on February 5, 2021. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS ₹2.96 (vs ₹1.72 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.95b (up 50% from 3Q 2020). Net income: ₹224.7m (up ₹367.9m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
Kolte-Patil Developers Limited Signs Three New Projects in Pune Under Various Capital Light Models Kolte-Patil Developers Limited announced the signing of three new projects in Pune under various capital light models. Kolte-Patil has established itself as one of the most preferred and trusted brand for customers and channel partners in Pune with continued success across micro markets under various economic cycles. These new projects will further strengthen the Company's market position in Pune market. All the three locations of the new projects are established micro-markets within Pune and are strategically located with multiple schools, hospitals, retail and residential spaces in close proximity. Announcement • Jan 26
Kolte-Patil Developers Limited to Report Q3, 2021 Results on Feb 05, 2021 Kolte-Patil Developers Limited announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Jan 05
New 90-day high: ₹254 The company is up 49% from its price of ₹171 on 07 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 42% over the same period. Announcement • Dec 23
Kolte-Patil Developers Limited (BSE:532924) agreed to acquire 49% stake in Tuscan Real Estate Pvt. Ltd. for approximately INR 120 million. Kolte-Patil Developers Limited (BSE:532924) agreed to acquire 49% stake in Tuscan Real Estate Pvt. Ltd. for approximately INR 120 million on December 21, 2020. The consideration includes a payment of INR 115 million in terms of cash. As per the transaction, Kolte-Patil Developers Limited will acquire 49000 shares of Tuscan Real Estate Pvt. Ltd. which contributes to 49% stake. Pre-acquisition, Kolte-Patil Developers Limited holds 51% stake in Tuscan Real Estate Pvt. Ltd. and Post acquisition, Tuscan Real Estate Pvt. Ltd. will become a wholly owned subsidiary to Kolte-Patil Developers Limited. For the year ending March 31, 2020, Tuscan Real Estate Pvt. Ltd. reported revenues of INR 39 million. The transaction has been approved by the Board of Kolte-Patil Developers Limited. Is New 90 Day High Low • Dec 16
New 90-day high: ₹222 The company is up 34% from its price of ₹166 on 17 September 2020. The Indian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 27% over the same period. 
