Shares of Kolte‑Patil Developers rose 1% to ₹430 on NSE after the company released its Q2 results. The firm posted sales of ₹1,019 cr and a ₹616 cr launch at Vyana at The Reserve.
Collected cash climbed 33% YoY to ₹795 cr, while realizations held steady at ₹7,829 per sq. ft., nearly matching the ₹7,823 per sq. ft. reported a year earlier.
CEO Hrishikesh Parandekar warned that demand has softened near‑term across Pune, yet the company is “delivering strong business momentum.” He added that urbanisation and a shift toward quality housing keep the long‑term fundamentals healthy.
The stock peaked at ₹445.4 intraday before settling at ₹430, giving it a 10% gain for the year to date. Investors are monitoring the firm’s performance as it expands its footprint in Mumbai, Pune, and Bengaluru.
No new guidance was issued, but the company’s focus remains on deepening market presence in key metros. Traders will keep an eye on next quarter’s launch pipeline and the broader real‑estate consolidation trend.