Kolte-Patil Q4 FY26 Results: Revenue Down 49% YoY

What the March 2026 quarter showed

Kolte-Patil Developers reported a weak set of standalone numbers for the March 2026 quarter, with revenue nearly halving year-on-year and operating profitability falling sharply. The performance underscores how volatile earnings can be for real estate developers, where project execution and revenue recognition timing often drive quarterly swings.

For Q4 (March 2026), standalone net sales came in at ₹236.34 crore, down 48.84% from ₹461.96 crore in the March 2025 quarter. EBITDA was reported at ₹17.82 crore, a 72.52% decline from ₹64.85 crore a year earlier.

Despite the fall in sales and EBITDA, the standalone bottom line improved materially. The company reported a quarterly net loss of ₹0.90 crore for March 2026 versus a net loss of ₹32.80 crore in March 2025.

Key standalone metrics: Q4 FY26 vs Q4 FY25

The reported headline numbers indicate pressure on revenue and operating profit, alongside a much smaller loss compared with the same quarter last year.

Sequential picture: December 2025 revenue snapshot

The provided standalone table also lists December 2025 net sales at ₹249.17 crore. This places March 2026 revenue slightly lower on a sequential basis, although the bigger takeaway remains the steep year-on-year contraction versus March 2025.

Separately, the data also notes that December 2025 net sales of ₹249.17 crore were 15.37% lower than ₹294.44 crore in December 2024.

Stock performance: weak returns and below key averages

In the market, Kolte-Patil’s recent price action has reflected investor caution. The stock closed at ₹381.95 on May 22, 2026 (NSE) and has delivered -0.96% returns over the last six months and -5.52% over the last 12 months.

The dataset also flags another reference price, stating the stock was trading at ₹364.85, down 26.71% from its 52-week high of ₹497.80, and “below all key moving averages”. While the exact timestamp of the ₹364.85 reference was not specified, it signals that the stock has remained under pressure during the period covered.

FY26 operational indicators: pre-sales, collections, and pricing

Beyond accounting revenue and profit, the material includes operational performance metrics disclosed for Q2 FY26. Kolte-Patil reported:

• Pre-sales (sales value): ₹670 crore, up 9% QoQ but down 13% YoY
• Collections: ₹596 crore, up 8% on both YoY and QoQ bases
• Realisation: ₹7,823 per sq. ft., up 5% YoY and 7% QoQ
• Area sold: 0.86 million sq. ft., down 17% YoY but up 2% QoQ

The company’s flagship township Life Republic contributed 0.51 million sq. ft. of the 0.86 million sq. ft. area sold in Q2 FY26, as per the provided update.

FY26 P&L trend highlighted in the data (Q2 and Q3)

The dataset includes additional quarterly performance markers that show how uneven FY26 has been.

For Q2 FY26, the company reported:

• Revenue: ₹138.66 crore, down 55.02% YoY
• Net profit (loss): -₹10.43 crore
• Operating margin: -26.85% (vs 5.25% YoY)
• PAT margin: -8.03% (vs 3.35% YoY)

For Q3 FY26, the dataset reports:

• Revenue: ₹265.33 crore, down 24.12% YoY
• Net profit: ₹4.50 crore, down 82.21% YoY
• Operating margin: 3.05% (vs 7.31% YoY)
• PAT margin: 1.59% (vs 7.53% YoY)

It also notes that Q3 FY26 revenue represented a 91.35% quarter-on-quarter recovery from ₹138.66 crore in Q2 FY26.

Half-year FY26: revenue decline and consolidated loss

On a consolidated basis for H1 FY26, the material states:

• Sales (pre-sales): ₹1,286 crore, down 13% YoY
• Area sold: 1.7 million sq. ft., down 15% versus H1 FY25
• Realisations: ₹7,582 per sq. ft., up 2% YoY
• Collections: ₹1,146 crore, down 1%
• Revenue: ₹221.02 crore, down 65.94%
• Net loss: ₹27.42 crore, compared with profit of ₹15.97 crore in H1 FY25

These figures, taken together, point to a period of sharp revenue compression alongside a shift to losses in the first half.

Land acquisition reference and what it signals

The information also mentions a news development that Kolte-Patil “acquires land for ₹1,400 crore” alongside the Q2 FY26 sales update. While details of the transaction structure are not provided in the text, the number indicates a sizeable commitment that investors often track for future project pipeline and cash flow implications.

Other financial reference points in the dataset

The dataset includes a balance-sheet snapshot and a growth comparison:

• Shareholder funds: ₹830.12 crore as of March 2025
• Book value per share: ₹109.23
• A note that the company’s annual revenue growth of 26.45% outperformed its 3-year revenue CAGR of 15.61% (source cited as consolidated financials)

It also contains another sales-value disclosure in INR million, which converts to ₹ crore:

Market impact: what investors are reacting to

The core market issue evident in the data is the combination of sharp revenue declines in some quarters and compressed margins, even as operational metrics like realisations and collections show growth in Q2 FY26. The March 2026 standalone quarter stands out for the scale of year-on-year revenue and EBITDA decline, even though the loss narrowed substantially versus March 2025.

Stock-return metrics provided in the dataset show the market has not rewarded the company over the past year, with the scrip down over 12 months and materially below the cited 52-week high.

Why this result matters for the real estate narrative

Real estate earnings can be noisy, but the dataset’s numbers point to a clear pattern: large year-on-year revenue swings, negative margins in at least one quarter (Q2 FY26), and a half-year consolidated loss. Against that backdrop, disclosures like pre-sales, collections, and pricing become important signposts because they reflect customer demand and cash inflow.

At the same time, a sizeable land acquisition figure highlighted in the news flow suggests the company is also positioning for future launches, a factor that typically draws attention to capital allocation and execution discipline.

Closing note

Kolte-Patil’s March 2026 standalone performance showed a steep drop in revenue and EBITDA, but a sharply reduced loss compared with the year-ago quarter. Investors will likely track the next set of disclosures for clarity on revenue normalisation, margin trajectory, and how operational indicators like pre-sales and collections translate into reported earnings.