KOLTEPATILKolte-Patil Developers Ltd.
Kolte-Patil Developers Q2 FY27 Results: Consolidated Net Profit ₹5.70 Crore on Total Income of ₹352 Crore
- Earnings
- Real estate
Reviewed byKeshav SehgalBlacklitt Research
Kolte-Patil Developers (NSE: KOLTEPATIL) reported consolidated total income of ₹351.51 crore and net profit of ₹5.70 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹345.31 crore and net profit of ₹14.69 crore, it said in a filing on 03 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹351.51 crore, up 117.3% YoY and down 62.5% QoQ
- Net profit: ₹5.70 crore against a loss of ₹11.14 crore a year earlier; down 96.1% QoQ
- EPS: ₹0.59 basic, against a loss of ₹1.18 a year earlier
- Finance costs: ₹3.32 crore, 0.9% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹345.31 crore, up 135.0% YoY and down 62.1% QoQ
- Net profit: ₹14.69 crore against a loss of ₹7.46 crore a year earlier; down 90.8% QoQ
- EPS: ₹1.66 basic, against a loss of ₹0.84 a year earlier
- Finance costs: ₹3.26 crore, 0.9% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 352 | 162 | +117.3% | 937 | -62.5% | |
| Revenue from operations | 334 | 139 | +141.1% | 920 | -63.6% |
| Other income | 17 | 23 | -25.8% | 17 | +0.4% |
| 6 | -11 | n/a | 147 | -96.1% | |
| Profit before tax | 9 | -14 | n/a | 199 | -95.5% |
| Finance costs | 3 | 3 | +1.5% | 2 | +47.6% |
| Depreciation | 5 | 4 | +13.5% | 5 | +4.4% |
| Tax expense | 3 | -3 | n/a | 53 | -93.8% |
| Net profit margin | 1.62% | -6.89% | +8.51 pp | 15.66% | -14.04 pp |
| EPS, basic (₹) | 0.59 | -1.18 | n/a | 16.49 | -96.4% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 117.3% year on year, and revenue from operations rose 141.1% to ₹334.37 crore. Other income is 4.8% of total income this quarter.
Net profit of ₹5.70 crore is well below the ₹146.66 crore of the June quarter, although total income was down 62.5% from that quarter. Net profit fell 96.1% quarter on quarter, more than income did. Profit before tax was ₹8.98 crore and tax expense ₹3.28 crore, a tax charge equal to 36.5% of profit before tax. Net profit attributable to owners is ₹5.25 crore, after non-controlling interests.
The filing does not give the reason for the year-ago consolidated loss of ₹11.14 crore, or the reason revenue from operations rose so sharply.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 345 | 147 | +135.0% | 911 | -62.1% | |
| Revenue from operations | 315 | 117 | +169.6% | 882 | -64.3% |
| Other income | 30 | 30 | +0.8% | 29 | +3.3% |
| 15 | -7 | n/a | 159 | -90.8% | |
| Profit before tax | 21 | -10 | n/a | 212 | -90.1% |
| Finance costs | 3 | 3 | +10.5% | 2 | +50.2% |
| Depreciation | 4 | 4 | +11.4% | 4 | +4.3% |
| Tax expense | 6 | -2 | n/a | 53 | -87.9% |
| Net profit margin | 4.25% | -5.08% | +9.33 pp | 17.44% | -13.19 pp |
| EPS, basic (₹) | 1.66 | -0.84 | n/a | 17.93 | -90.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone revenue from operations rose 169.6% year on year to ₹314.93 crore, faster than other income, which was up 0.8% at ₹30.38 crore. Other income is 8.7% of standalone total income, and at ₹30.38 crore it equals 143.9% of profit before tax of ₹21.11 crore.
Standalone profit before tax of ₹21.11 crore came after finance costs of ₹3.26 crore, and the statement shows no exceptional item. Tax expense was ₹6.42 crore, 30.4% of profit before tax.
For the six months ended 30 Sep 2026, standalone total income was ₹1,256.67 crore and net profit ₹173.66 crore, with EPS of ₹19.58. Consolidated total income for the six months was ₹1,288.13 crore and net profit attributable to owners ₹151.51 crore.
Standalone net worth stood at ₹1,400.76 crore and the standalone debt equity ratio at 0.68 times. Consolidated net worth excluding non-controlling interests was ₹1,359.33 crore. The company's listed secured NCDs outstanding total ₹341.13 crore in principal across four ISINs, with security cover between 1.04 and 1.86 times.
Inference
The filing reports that the company fully redeemed two NCD issues in the previous quarter, Marubeni Corporation's ₹110.90 crore listed NCDs and India Realty Excellence IV's ₹140.00 crore unlisted NCDs, with redemption premium paid. Four listed secured NCD ISINs remain outstanding at ₹341.13 crore.
The filing says the board approved a draft Scheme of Amalgamation on 22 May 2026 for merging two wholly owned subsidiaries into the company, with an appointed date of 1 Apr 2026, subject to NCLT Mumbai approval, member approval and creditor consent. It does not give a timeline for the NCLT approval. A reader would want to know when the scheme is expected to take effect, and the filing does not say.
The filing does not state a dividend or the share count, so no payout can be worked out from it.
Filed with BSE on . Reference: Original filing (PDF)
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