Updates

Kolte-Patil Developers Reports Q4 & FY26 Audited Results: Record Collections of ₹2,689 Cr, Net Loss of ₹15.8 Cr in Q4

Kolte-Patil Developers announced audited Q4 & FY26 results on May 22, 2026, posting record annual collections of ₹2,689 crore (up 11% YoY) and a record price realisation of ₹8,314 per sq. ft. for FY26, though the company reported a net loss of ₹15.8 crore in Q4 FY26 due to timing differences under the Completed Contract Method of accounting.

Kolte-Patil Developers Receives ₹58.22 Crore GST Demand Order from Maharashtra Tax Authorities

Kolte-Patil Developers received a GST demand order of ₹58.22 crore from the Maharashtra Assistant Commissioner of State Tax on April 6, 2026, relating to a redevelopment project for the period FY2019-20. The company considers the order arbitrary and plans to contest it legally, stating no expected material impact on financials.

CRISIL Reaffirms AA-/Stable Credit Rating for Kolte-Patil Developers' Bank Facilities and Debentures

CRISIL reaffirmed its AA-/Stable credit rating for Kolte-Patil Developers' bank facilities and debentures in March 2026, signalling continued confidence in the company's creditworthiness amid its ongoing expansion and Blackstone partnership.

Kolte-Patil Signs ₹850 Crore Joint Development Agreement for Residential Project in Bhugaon, Pune

Kolte-Patil signed a joint development agreement in January 2026 for a ~5-acre residential project in Bhugaon (Sector 1B), Pune, with an estimated saleable area of ~1.1 million sq. ft. and a gross development value of approximately ₹850 crore.