A strong Q4 business update sends this real estate stock to its best day in three years

A strong Q4 business update sends this real estate stock to its best day in three years


Shares of Kolte-Patil Developers Ltd. gained over 15% on Friday, April 17, reacting to the company’s fourth quarter business update. This is the seventh straight day of gains for the stock and its biggest single-day gain since January 2023.

The company’s fourth quarter sales increased by 13% to ₹714 crore from the previous year’s ₹631 crore. However, the company’s annual sales for the financial year 2026 declined 7% to ₹2,605 crore from ₹2,791 crore in the year-ago period.

Its quarterly collections increased by 18% to ₹834 crore from ₹704 crore in the previous year. Its annual collections were up 11% at ₹2,689 crore from ₹2,432 crore in the previous fiscal.

Kolte-Patil developers launched projects spanning 1 million square feet area in the fourth quarter and 4.6 million square feet in the entire FY26.

The company reported record realisation of ₹9,601 per square feet in the fourth quarter, up 10% sequentially and 21% from the year-ago period. Its FY26 realisation was up 7% to ₹8,314 crore from the previous year.

The company said it acquired projects in Bhugaon in FY26 with an aggregate gross development value (GDV) of ₹2,250 crore. It said the micro-market is emerging as a preferred residential hub, supported by rapid infrastructure upgrades, improved connectivity to key employment hubs, relative affordability and increasing demand for low density, nature-integrated living.

“With a strong pipeline of launches, sharper execution capabilities, a strengthened platform, and a clear focus on delivery and capital discipline, we are well positioned to drive consistent growth and create long-term value for stakeholders,” Rajesh Patil, the managing director of Kolte-Patil Developers said.

Shares of Kolte-Patil Developers gained 15% to hit an intraday high of ₹398.15 apiece. The stock has declined only once in the month of April so far, during which it has gained 32%. This is the best monthly performance for the stock since September 2021.

Also Read: 33% of analysts tracking Wipro maintain their ‘sell’ rating on Q4 results; check new targets



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