Net profit of Kolte Patil Developers reported to Rs 65.29 crore in the quarter ended March 2025 as against net loss of Rs 27.11 crore during the previous quarter ended March 2024. Sales rose 36.53% to Rs 718.67 crore in the quarter ended March 2025 as against Rs 526.38 crore during the previous quarter ended March 2024.For the full year,net profit reported to Rs 106.56 crore in the year ended March 2025 as against net loss of Rs 69.35 crore during the previous year ended March 2024. Sales rose 25.22% to Rs 1717.38 crore in the year ended March 2025 as against Rs 1371.48 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales718.67526.38 37 1717.381371.48 25 OPM %14.80-4.01 -10.241.30 - PBDT105.51-40.78 LP 185.44-56.68 LP PBT101.26-44.63 LP 171.17-70.87 LP NP65.29-27.11 LP 106.56-69.35 LP Powered by Capital Market - Live News

Kolte Patil Developers will hold a meeting of the Board of Directors of the Company on 24 May 2025.Powered by Capital Market - Live News

Kolte Patil Developers (KPDL) has forged a transformative strategic partnership with global investment giant Blackstone. This partnership is a pivotal milestone in KPDL`s growth trajectory, positioning the company to leverage Blackstone`s global expertise and financial strength to accelerate expansion, drive innovation, and reinforce its leadership in the dynamic Indian real estate sector. Blackstone will acquire up to 66% stake in KPDL for a commitment of Rs 1,800 crore. KPDL will allot ~1.27 crore equity shares (14.3%) to Blackstone Real Estate funds, raising Rs. 417.03 crore. Blackstone Real Estate funds will acquire 25.7% of KPDL`s post-issue equity share capital from existing promoters. Following the transaction, Blackstone Real Estate funds will hold approximately 40% ownership in KPDL. Simultaneously, Blackstone Real Estate funds will acquire additional up to 26% from the public through an open offer.Powered by Capital Market - Live News

Kolte Patil Developers announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 April 2025.Powered by Capital Market - Live News

The Board of Kolte Patil Developers at its meeting held on 13 March 2025 has approved the Execution of the following transaction documents: (i) Share Subscription Agreement between the Company, BREP Asia III India Holding Co VII Pte. (Acquirer) and Rajesh Anirudha Patil, Naresh Anirudha Patil, Milind Digambar Kolte, Yashvardhan Rajesh Patil and Harshavardhan Naresh Patil (Promoters) in relation to the Preferential Issue of the Subscription Shares to the Acquirer on the terms and conditions contained therein; (ii) Share Purchase Agreement between the Acquirer, the Company and Rajesh Anirudha Patil, Naresh Anirudha Patil, Milind Digambar Kolte, Sunita Rajesh Patil, Vandana Naresh Patil, Sunita Milind Kolte, Yashvardhan Rajesh Patil, Ankita Rajesh Patil, Harshavardhan Naresh Patil, and Priyanjali Naresh Patil (Sellers) for the Acquirer to acquire from the Sellers equity shares constituting 25.7%� of the paid-up post-issue equity share capital of the Company on the terms and conditions contained therein; and� (iii) Shareholders` Agreement between the Acquirer, the Company and the Sellers (Existing Promoter Group) to record the terms and conditions governing the inter-se rights and obligations of the Acquirer and the Existing Promoter Group as shareholders of the Company including in relation to the management and governance of the Company (Shareholders` Agreement). Powered by Capital Market - Live News