In today’s briefing:
- Kolte Patil (KPDL): Weak Q1FY26 Performance, However Medium-Term Potential Is Intact
Kolte Patil (KPDL): Weak Q1FY26 Performance, However Medium-Term Potential Is Intact
- Q1FY26 pre-sales came in weak led by delayed launches; however, KPDL’s management has guided to do INR 3500cr+ (25% YoY growth) in pre-sales for the full-year FY26.
- During Q1FY26, KPDL completed allotment of 14.3% equity stake to Blackstone bringing in INR 417cr of capital that is earmarked to be predominantly used as growth capital.
- Due to ongoing transition phase with Blackstone (BX US) being added as a promoter, the business development activity has been slow. However, more clarity and visibility is expected post Q2.
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