Kolte-Patil Developers Limited – Operational Update for Q1 FY23


Sales Value of Rs. 445 crore recorded during Q1 FY23, up 79% YoY
Collections of Rs. 474 crore during Q1 FY23, up 70% YoY
APR of Rs.7,260 during Q1 FY23, up 16% YoY and 13% QoQ

Mumbai, July 19, 2022: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a
leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has
announced key updates on its real estate operations during the quarter ended 30th June 2022.
Particulars Q1FY23 Q4FY22 Q1FY22 QoQ YoY
Volume (million sq. ft.) 0.61 0.78 0.40 -22% 53%
Value (Rs. crore) 445 501 249 -11% 79%
Realization (Rs./sq. ft.) 7,260 6,418 6,261 13% 16%
Collections (Rs. crore) 474 500 279 -5% 70%
*Collections include contribution from DMA projects

 Achieved Sales Value of Rs. 445 crore during Q1 FY23, up 79% YoY:
o Strong improvement in Q1 FY23 over Q1 FY22, in terms of both volume and value
o Mumbai portfolio has reported a sales value of Rs. 116 crore during Q1 FY23 as against Rs. 64
crore during Q1 FY22
 Sales Volumes of 0.61 million sq. ft. during Q1 FY23 saw significant uptick compared to Q1 FY22
(0.40 million sq. ft.)
 Substantial improvement in Collections during Q1 FY23 – Rs.474 crore, compared to 279 crore
during Q1 FY22, up YoY 70%:
o Strong focus on sales, registrations, construction and CRM has enabled strong
collections on an ongoing basis

 Contribution from projects outside Pune was at 30% of Sales Value, allowing business
diversification in line with the strategic plan

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Commenting on the update, Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said, “We
have started the year on a strong note, continuing the momentum achieved in the last financial year
into the first quarter of FY23. With positive traction in volumes and substantial contributions from a
range of projects across locations in Pune, Mumbai and Bengaluru, we are well poised to deliver solid
growth during the current year. This will be supported by sustenance sales traction in current projects
as well as several new launches that are planned over the next few months.
Our eyes are set on achieving several performance milestones in FY23 on business development,
launches and deliveries front. From a conducive framework of a strong brand, customer visibility,
execution track record and a robust financial position, we are confident of delivering on our growth
objectives to create sustained value for all stakeholders.”