Kolte-Patil Q4 Results Review - Strong Pipeline To Keep Bookings Traction Intact: Motilal Oswal

Motilal Oswal Report

Kolte-Patil Developers Ltd. reported quarterly bookings of Rs 7.4 billion, up 6% YoY (19% below estimate). Q4 FY24 bookings were impacted by lower launches at Rs 7 billion versus guidance of Rs 18 billion as certain key projects were pushed out to H1 FY25.

For FY24, it achieved the highest-ever bookings of Rs 28 billion, up 26% YoY (in line with guidance). Volume stood at 1msf in Q4 (up 6% YoY) and 3.9 msf in FY24 (up 20% YoY).

In Q4 FY24, collections were flat YoY at Rs 5.9 billion and the company generated operating cash flow of Rs 1.7 billion, down 23% YoY. In FY24, collections/operating cash flow stood at Rs 20 billion/Rs 4.3 billion, up 9%/down 17% YoY.

For FY25, the company has laid out a strong launch pipeline of Rs 80 billion and aims to achieve bookings of Rs 35 billion (up 24% YoY). Over FY24-27, Kolte-Patil can generate cumulative bookings of Rs 135 billion, implying a CAGR of 25%.

P&L performance: Revenue in Q4 declined 34% YoY to Rs 5.3 billion and Ebitda loss stood at Rs 68 million. In FY24, Kolte-Patil achieved revenue of Rs 13 billion as it delivered 2msf. Ebitda stood at Rs 511 million, which translated into 3.7% margin. Net loss came in at Rs 270 million/Rs 694 million in Q4/FY24.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.