Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — H1 FY25 Earnings Presentation
21 slides from Kolte-patil Developers's earnings presentation, Nov 12, 2024
Slide 1: Exchange filing cover letter
To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department, ‘Exchange Plaza’, 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001
Slide 2: Results Presentation Q2 & H1 FY25
Kolte-Patil Developers Limited Results Presentation Q2 & H1 FY25
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward- looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Table of Contents
Table of Contents 01 Kolte-Patil Developers Ltd. (KPDL) - At a Glance 02 KPDL – Rising to the Upper Storey 03 Key Highlights 04 Performance Highlights 05 P&L Snapshot 06 Consolidated Debt Profile & Abridged Cash Flows 07 Priority Launches 08 Project Portfolio 09 Outlook 10 About KPDL Results Present
Slide 5: Kolte-Patil Developers At a Glance
Kolte-Patil Developers At a Glance Leading Real estate player in Pune with expanding presence across Mumbai & Bengaluru. Strong track record of delivering varied projects including gated communities, residential complexes, integrated townships, mixed-use projects, IT parks, commercial complexes Dive
Slide 6: Kolte-Patil Developers Rising to the upper storey
Kolte-Patil Developers Rising to the upper storey • Strategic, operational and financial prudence Building a pipeline • Stronger sales pipeline for next round of growth ~Rs. 24,335 cr Project portfolio for multi-year • Collections trending higher (under execution, approval and land bank; based on cu
Slide 7: Key Highlights – H1 FY25
Key Highlights – H1 FY25 Pre-Sales • H1 FY25 sales value at Rs. 1,481 cr, up 11% YoY; sales volumes at 1.99 msf up 4% Collections • H1 FY25 collections reached new highs of Rs. 1,162 cr; up 18% YoY Financial Performance • Firm deliveries resulted in revenues of Rs. 649 cr • EBITDA margins stood at 6
Slide 8: Operational Highlights Q2 & H1 FY25
Operational Highlights Q2 & H1 FY25 New area sales H1 FY25 H1 FY24 YoY Q2 FY25 Q1 FY25 Q2 FY24 QoQ YoY Value (Rs. cr.) 1,481 1,333 11% 770 711 632 8% 22% Volume (msf) 1.99 1.91 4% 1.03 0.96 0.98 7% 5% Realization (Rs./sq. ft.) 7,441 6,970 7% 7,472 7,407 6,426 1% 16% Collections* (Rs. cr.) 1,162 985
Slide 9: Sales & Collections – Ongoing Projects – Q2 FY25
Sales & Collections – Ongoing Projects – Q2 FY25 Area Sold Sales Value APR Collections Project Location (msf) (Rs. cr) (Rs./sft) (Rs. cr) Life Republic Hinjewadi 0.56 385 6,872 228 Universe(R10) ,LR Hinjewadi 0.01 3 6,115 53 24K Altura Baner 0.10 96 10,090 58 24k Manor Pimple Nilakh 0.09 105 11,106
Slide 10: Sales & Collections – Ongoing Projects – H1 FY25
Sales & Collections – Ongoing Projects – H1 FY25 Area Sold Sales Value APR Collections Project Location (msf) (Rs. cr) (Rs./sft) (Rs. cr) Life Republic Hinjewadi 1.02 679 6,672 519 Universe(R10) ,LR Hinjewadi 0.01 8 6,685 158 24K Altura Baner 0.22 217 9,888 116 24k Manor Pimple Nilakh 0.15 162 11,03
Slide 11: New Sales Analysis – Q2 FY25
New Sales Analysis – Q2 FY25 Value (Rs. cr) 367 716 704 701 632 746 743 711 770 73% 62% 55% 55% 50% 48% 47% 45% 42% 39% 34% 33% 32% 30% 28% 24% 23% 22% 20% 19% 17% 14% 12% 11% 11% 10% 9% 6% 5% 5% 4% 3% 2% 2% 2% 2% 2% 1% 1% 1% 1% 0% 0% 0% 0% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1
Slide 12: Performance Highlights – Annual
Performance Highlights – Annual Sales Value (Rs. cr) Sales Volume (msf) APR (Rs./sft) 2,822 3.92 7,193 2,232 6,817 3.27 6,407 5,785 1,739 2.71 5,309 2.51 1,331 2.08 1,201 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Collections (Rs. cr) Delivery (msf) Net Debt (Rs. cr)
Slide 13: Performance Highlights – Quarterly
Performance Highlights – Quarterly Sales Value (Rs. cr) Sales Volume (msf) APR (Rs./sft) Collections (Rs. cr) 770 1.03 1.03 592 612 746 743 711 0.98 0.98 0.96 7,579 7,226 7,407 7,472 550 632 6,426 472 493 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q3 FY24
Slide 14: Consolidated Profit and Loss Snapshot
Consolidated Profit and Loss Snapshot P&L Snapshot (Rs. cr) Q2 FY25 Q1 FY25 Q2 FY24 QoQ YoY H1 FY25 H1 FY24 YoY Revenue from Operations 308.3 340.8 198.2 -9.5% 55.6% 649.0 769.3 -15.6% EBITDA 16.2 27.8 3.5 -41.8% 364.7% 43.9 94.6 -53.6% EBITDA Margin (%) 5.2% 8.2% 1.8% - 3.5% 6.8% 12.3% - Profit bef
Slide 15: Consolidated Debt Profile
Consolidated Debt Profile Consolidated Debt Profile 30th September 30th September 31st March 2024 The Company has been assigned a (Rs. cr) 2024 2023 ‘CRISIL AA-/Stable’ rating; enhances KPDL’s rating profile and highlights CCM CCM CCM its focus on corporate governance Net Worth 720 734 861 Gross Deb
Slide 16: Abridged Cash Flows
Abridged Cash Flows Abridged Cash flows Q2 FY25 H1 FY25 (Rs. cr) (Un-audited) (Un-audited) Opening Balance* - A 715 606 Operating Activities: Collections 548 1,151 Construction Cost -232 -494 Other Expenses -72 -129 Direct & Indirect Taxes -49 -86 Operating Cashflow – B 195 442 Financing Activities:
Slide 17: Priority Launches
Priority Launches FY25 Launches Total Topline FY23 Launches FY24 Launches Project Location Use Saleable Potential Launched till date from Planned Launches the planned launches (msf) (Rs. cr) (msf) (Rs. cr) (msf) (Rs. cr) (msf) (Rs. cr) (msf) (Rs. cr) Little earth Kiwale Residential 2.50 1,400 0.77 4
Slide 18: KPDL Project Portfolio – 30.09.24
KPDL Project Portfolio – 30.09.24 Gross Details (including partner’s share) Gross Details (including partner’s share) Projects KPDL Ongoing & Under KPDL Ongoing & Under Land Bank Total Projects (Mumbai) Land Bank Total (Pune Excl. LR) Share Unsold Approval Share Unsold Approval 24K Altura (Baner) 10
Slide 19: Business Outlook
Diversifying Sector consolidation geographical presence Business • Formalization of the Indian real estate sector, driven by conducive legislations like RERA • 14 society redevelopment projects in Mumbai - 2 completed, Outlook 5 ongoing, 7 future projects now in place and further accelerated by Covi
Slide 20: Awards and Recognitions – KPDL received 60+ awards in the last five years
Awards and Recognitions – KPDL received 60+ awards in the last five years Most Iconic Luxury Brand in Real Legacy Brand in Real Estate – Trusted Brand of the Year, Times Top Developer of the year, Times Estate,24K, ET Business Awards, Pune, Times Power Brands, 2023 Realty,2021-22 Real Estate Icons,2
Slide 21: About Kolte-Patil Developers Ltd.
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing presence in Mumbai and Bengaluru. Kolte-Patil is a trusted name with a reputation for high quality standards, de
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