Kolte-Patil Developers Ltd. Q4 and FY22 Financial Results
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Highest Ever Sales Value of Rs. 1,739 crore recorded in FY22, up 45% YoY
Highest Ever Mumbai Sales Value of Rs. 450 crore in FY22, up 150% YoY
Highest Ever Collections of Rs. 1,574 crore in FY22, up 40% YoY
Highest Ever Quarterly Collections of Rs. 500 crore in Q4 FY22, UP 13% YoY
Second consecutive quarter with Sales Value of over Rs. 500 crore
Net Debt reduction of Rs. 179 crore during FY22 and Rs. 41 crore during Q4 FY22
FY22 sales bookings of 2.71 msf, up 30% YoY
The Board has recommended a final dividend of Rs. 2 per share of the face value of Rs. 10 each for FY22.
Pune : Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune-based real estate player, with growing presence in Mumbai and Bengaluru, announced its results for the fourth quarter and year ended 31 st March, 2022.
Operational Highlights – FY22
Operational Highlights – Q4 FY22 & H2FY22
Commenting on the performance for Q4 & year ended FY22, Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said, “FY22 marked a year of demand revival, even asintermittent disruptions were seen almost throughout the period. With sales volume of 2.71 million square feet, we closed the year in line with our stated guidance. From a sales value perspective, we recorded our best ever year - Sales Value was up 45% YoY to Rs. 1,739 crore in FY22.
We have now entered FY23 on the back of the strong momentum achieved in the second half FY22. Q4 FY22 was the second consecutive quarter with sales value of over Rs. 500 crore. Compared to H1, our H2 sales value was up 57% to Rs. 1,062 crore, H2 sales volume was up 53% to 1.64 msf and H2 collections were up 41% to Rs. 921 crore.
In addition to the growth in business, we are seeing higher diversification that has resulted in almost 32% of sales by value coming from Mumbai and Bengaluru. Our Mumbai portfolio has reported its best ever performance with a sales value of ~Rs. 450 crore, up 150% YoY. Verve and Vaayu have performed well and witnessed improved realisations. Mumbai portfolio is moving as per plan, and will continue to scale in the coming years with increased launches and business development activity.
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