Q2 and H1 FY27 results approved; auditor's review conclusion unmodified, with ESOP grant and subsidiary amalgamation update
Board meeting of 03 November 2026 approved the unaudited standalone and consolidated financial results for the quarter and six months ended 30 September 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 33,437 | 13,866 | +141% | 91,954 | −63.6% |
| Total income | 35,151 | 16,175 | +117% | 93,662 | −62.5% |
| Profit before tax | 898 | (1,403) | — | 19,949 | −95.5% |
| Profit after tax | 570 | (1,114) | — | 14,666 | −96.1% |
| Total comprehensive income | 570 | (1,114) | — | 14,666 | −96.1% |
| Basic EPS | 0.59 | (1.18) | — | 16.49 | −96.4% |
- Total income YoY change
- +117% (year ago 16,175)
- Profit after tax (latest)
- 570 vs year ago (1,114); prev qtr 14,666 (−96.1%)
- Period
- Quarter ended September 30, 2026
Notes to the results
- Kolte-Patil Foundation, a wholly owned subsidiary, ceased to be a Section 8 company and was converted into 'Kolte-Patil Homes Private Limited' w.e.f. September 28, 2026 (standalone note).
- Draft Scheme of Amalgamation of Kolte-Patil Lifespaces Pvt Ltd and Kolte-Patil Smart Spaces Pvt Ltd with the Company (appointed date April 01, 2026), approved May 22, 2026, pending NCLT and other approvals.
- During the previous quarter the Company fully redeemed 11,090 listed NCDs (Rs. 11,090 lakhs) held by Marubeni Corporation and 14,000 unlisted NCDs (Rs. 14,000 lakhs) held by India Realty Excellence IV.
- During the quarter the Company granted 1,39,826 and 1,01,748 employee stock options under the ESOS 2021 at an exercise price of Rs. 10 per option.
Auditor's conclusion is unmodified
S R B C & CO LLP reviewed the unaudited standalone financial results for the quarter ended 30 September 2026 and the period from 01 April 2026 to 30 September 2026. Based on that review, nothing has come to the auditor's attention that causes it to believe the statement has not disclosed the information required under the Listing Regulations or that it contains any material misstatement. A review is narrower in scope than an audit. The consolidated results were submitted along with the standalone statement.
Results, standalone (Rs. in lakhs)
- Revenue from operations for the quarter: 31,493
- Profit after tax for the quarter: 1,469
- Profit after tax for the six months ended 30 September 2026: 17,366
The quarter's profit compares with a loss in the same quarter of the previous year.
Results, consolidated (Rs. in lakhs)
- Revenue from operations for the quarter: 33,437
- Net profit after tax for the quarter: 570
The statement includes the Company's share of profit after tax of Rs. 64 lakhs for the six months in respect of limited liability partnerships whose interim financial information was reviewed by their own auditors, and the auditor's conclusion is not modified on this account.
Other items recorded at the same meeting
- Employee stock options of 1,39,826 and 1,01,748 were granted on 10 August 2026 and 24 August 2026 under the Kolte-Patil Employees' Stock Option Scheme, 2021, vesting subject to continued employment and applicable performance and market conditions.
- The Board had earlier approved a draft Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, bringing Kolte-Patil Lifespaces Private Limited and Kolte-Patil Smart Spaces Private Limited, both wholly owned subsidiaries, into the Company, with an appointed date of 01 April 2026. The scheme is conditional and subject to statutory and regulatory approvals.
- Two series of listed, secured non-convertible debentures were fully redeemed in the previous quarter at their outstanding principal plus the applicable redemption premium, as per their terms of issue.
- Kolte-Patil Foundation, a wholly owned subsidiary, was converted into a private limited company and renamed Kolte-Patil Homes Private Limited with effect from 28 September 2026.
- The Company operates as a single reportable segment, real estate, and the notes state that quarterly results may not be representative of the full year because of the nature of its business.
How to read this
For a retail reader, the update combines a routine quarterly disclosure with the auditor's review conclusion and a set of corporate actions. The revenue and profit lines show the scale of the quarter's operations, while the amalgamation, ESOP and debenture redemption notes describe changes to group structure, share capital and borrowings that play out over later periods. Each figure is best read with its exact line item and with the comparative column for the same period a year earlier.
Also from Kolte-Patil Developers
Kolte-Patil Developers Q2 & H1 FY27: record Rs. 1,636 Cr half-year pre-sales and a return to profit
3 Nov 2026
Kolte-Patil Developers Ltd press release, Q2 FY27
3 Nov 2026
Monitoring agency report: Rs. 50.61 crore of preferential issue proceeds used in September quarter
28 Oct 2026
More numbers
- Revenue from operations, standalone, quarter ended 30 Sep 202631,493
- Profit after tax, standalone, quarter ended 30 Sep 20261,469
- Profit after tax, standalone, six months ended 30 Sep 202617,366
- Company's share of profit after tax of LLPs, six monthsRs. 64 lakhs
- Employee stock options granted on 10 August 20261,39,826
- Employee stock options granted on 24 August 20261,01,748
- Total income, latest quarter35,151 (Rs. in lakhs)
- Total income, year-ago quarter16,175 (Rs. in lakhs)
- Total income, previous quarter93,662 (Rs. in lakhs)
- Total comprehensive income, latest quarter570 (Rs. in lakhs)
- Total comprehensive income, year-ago quarter(1,114) (Rs. in lakhs)
- Total comprehensive income, previous quarter14,666 (Rs. in lakhs)
- Profit after tax, latest quarter570 (Rs. in lakhs)
- Profit after tax, year-ago quarter(1,114) (Rs. in lakhs)
- Profit after tax, previous quarter14,666 (Rs. in lakhs)
- Revenue from operations, latest quarter33,437 (Rs. in lakhs)
- Revenue from operations, year-ago quarter13,866 (Rs. in lakhs)
- Revenue from operations, previous quarter91,954 (Rs. in lakhs)
- Profit before tax, latest quarter898 (Rs. in lakhs)
- Profit before tax, year-ago quarter(1,403) (Rs. in lakhs)
- Profit before tax, previous quarter19,949 (Rs. in lakhs)
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