Kolte-Patil Reports 52% Q2 Sales Growth Despite Market Headwinds

Pune-based Kolte-Patil Developers Limited reported a 52% year-on-year rise in Q2 FY27 sales, reaching Rs 1,019 crore. The growth was bolstered by the successful launch of 'Vyana at The Reserve' in Pune, which contributed Rs 616 crore in sales, alongside a 33% increase in collections to Rs 795 crore.

Despite softening near-term demand in broader markets, the company expanded its Mumbai Metropolitan Region portfolio by adding six redevelopment projects with an estimated gross development value of Rs 6,000 crore. Management noted that strategic price revisions and a higher contribution from Mumbai projects improved average realization to approximately Rs 8,368 per sq. ft. during the first half of the fiscal year.

Editor's note: The brief accurately captures the key financial data and strategic developments from the source material.