Kolte-Patil posts strong FY25 results, partners with Blackstone

Kolte-Patil Developers Limited reported impressive financial performance for FY 2024-25, with total income reaching a highest-ever 1,764 crore rupees, a 27% year-on-year increase. EBITDA surged by 252% to 227 crore rupees, demonstrating strong execution and operating leverage. Sales value for the year stood at 2,791 crore rupees with a sales volume of 3.60 Mn sq. ft. Collections also hit a record high of 2,432 crore rupees, an 18% YoY growth.

The company continued its strategic expansion, signing a approximately 22-acre joint development project in Pune with an expected Gross Development Value (GDV) of approximately 4,000 crore rupees and a potential saleable area of approximately 5 Mn. sq. ft. This expansion reinforces Kolte-Patil's leadership in the Pune market and its growing footprint in Mumbai and Bengaluru.

A significant highlight was the strategic partnership with global investment firm Blackstone, which acquired a 40% stake in the company. This collaboration is expected to accelerate expansion and foster innovation, leveraging Blackstone's global expertise and financial resources. The company's shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with a market capitalization of 2,461 crore rupees as of March 31, 2025.