Kolte-Patil logs steady Q1 sales; Life Republic drives bulk of volumes

On a year-on-year basis, the company reported a 12.5 percent decline in sales volume and a 10.1 percent drop in collections.

Pune-based realty firm Kolte-Patil Developers on Saturday said it clocked sales of 0.84 million square feet in the first quarter of FY26, registering a 5.2 percent sequential growth. The sales value for the quarter stood at Rs 616 crore, while collections came in at Rs 550 crore, as per the company’s operational update for the April–June period.

Kolte-Patil said its Life Republic Integrated Township remained the key contributor, accounting for 0.53 million square feet, or over 63 percent of total sales volume. The company added that sustenance inventory played a significant role in driving overall performance.

The average realisation during the quarter stood at Rs 7,337 per sq ft, down 7.2 percent from Rs 7,904 in Q4 FY25, though broadly stable compared to the same period last year.

On a year-on-year basis, the company reported a 12.5 percent decline in sales volume and a 10.1 percent drop in collections. However, management said collections remained aligned with contracted schedules, including those from its DMA (Development Management Agreement) projects.

BREP Asia III India Holding Co VII Pte. Ltd., an affiliate of Blackstone, acquired a 14.3 percent stake in Kolte-Patil through a preferential allotment of equity shares on June 23, 2025.

“We have a robust pipeline of launches across Pune and Mumbai in the coming quarters,” said Atul Bohra, Group CEO, Kolte-Patil Developers, adding that the new launches, combined with sustenance inventory, are expected to drive growth through FY26.

Shares of Kolte-Patil Developers closed at Rs 455.35 on the BSE, down Rs 13.85 or 2.95 percent for the day.