f'o

,1o

1-

Cration, not aonstau<tion.

To,

To,

The Assistant Manager,

National Stock Exchange of India
Listing
'Exchange Plaza', Bandra Kurla Complex,
Bandra (East),
Mumbai - 400051

Department,

Limited

The General Manager,

Bombay Stock Exchange Limited
Corporate Relationship Department,
1"r floor, Phiroze Jeejeebhoy Towers,
Dalal Sheet,
Mumbai - 400001
12 February 20.|6

Sub: Submission of Unaudited Financial Results (Standalone & Consolidatedl and

Limited Review Report for the quarter and nine months ended on 3l December,
2015.
Ref: NSE Symbol and Series: KOLTEPATIL and EQ
BSE Code and Scrip Code: 9624 and 532924
Dear Sir/Madam,

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, we enclose herewith Unaudited Financial Results (Standalone &
Consolidated) for the quarter and nine months ended on 31 December 2015 duly signed by
Chairman and Managing Director of the Company.
Also find enclosed herewith Limited Review Report of the Financial Results for the quarter and
nine months ended on 31 December 2015 as submitted by M/s. Deloitte Haskins & Sells LLP,
Statutory Auditors of the Company.

The Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine
months ended on 31 December 2015 have been approved and taken on record at the meeting
of the Board of Directors of the Company held on Friday, 12 February 20,|6 at 11.00 AM and
concluded at 2.30 PM.

This is for your information and record.

Thanking you,

Vindd Patil

Membership No. A13258

Encl: As above

KOLTE.PATI L DEVELOPERS LTD.

CIN : 145200PN1991P1C129428

prne Rqd' offi(e :

-i..-

2nd Flool, City Poinl Dhole Patilnoad, Pune - 4'11 001. Maharashtra, India lel,: +91 20 6622 6500 Far r +91 20 6622 6511 Web I wwwkoltepatil.com

Santalonofficer22/11,1stFlootPad(WestVithlMalvaRoad,Bangalore-560001IndiaTel,:+91-m-22243135,22242803,49374444Far:+91-80-22'120654

?.1'

of j

KOLTE.PATIL DEVEIOPERS TIMITED

CorpoGt tdntifi cation Numberj l-45200pN199lpLC129428

poin! Dhote patilRoad, pune-411m1

No. +9120 66225500 Fax No. +912066226511. Webite: wwrv.koltepatil.com.
Emeil: investorretation@kohepatit.com
ReSistered Oftice:2nd Floor, City

T1.

Crutlon, not @iat.ucdon

(a)

STAI{DAI.OI{E UIIAUOIIED FII{ANCIAI NESUTIS

Net Sales/lncome trom operations

(a) Cost of construction including cost of land

{c) Depreciation and amortization expense

from opehtlons betore other Incoma,

4
5

from ordlnary activltles betore finance

from ordinaay actlvltles after fnance costs

t
9

from odinary activltl$ betofe tar (7.8)

10

11

Protlt from ordlnary actlvities after Tar

12
13

14

t5

- up

equity share

TH QUANTER AI{D

'OR

capltal

{Face Value of Rs,

excludlng Revaluatlon Reserves as pel

sheet ot prevlour accountlnt year

16

*cl

I{I[E MOI{THS

EXDED 315T DEG:MEG&

M$

?"1" g of
Notes:Standalone

1.

2
3.

There are no separate reportable segments pursuantto Accounting Standard AS 17, specified under section 133
ofthe Companies Act, 2013, read with Rule 7 ofthe Companies (Accounts) Rules, 2014, considering the present
nature of business ofthe Company and geographies ofoperations.

The above unaudited financial results were reviewed by the Audit Committee of the Company at its meeting
held on 12s February 2016 and were approved by the Board of Directors of the company at iis meeting hetd
on 12rh February,2016.
The Statutory Auditors of the Company have carried out a "Ljmited Review" of the above unaudited Financial
Results.

During the quarter ended 31"t December, 2015, the Company has issued 110 Secured Unlisted Redeemable
Taxable Non-convertible Debentures of face value of Rs. lo,ooo,ooo each, through private placement
offer.
The listed Redemable Non-convertible Debentures (NcDs) of the company aggregating to Rs. 7,ooo
lakhs as
on 31n Dcembr 2015 are secured by wayofmortgage overland and project assets ofJazz 2 ('projecf,)

located

at Pimple Nilakh to which clear and marketable title is held by issuer, charge on all Cash Flows and Receivables
pertaininS to the Proiect ("Receivables',) and Charge of Escrow Account of the project.

The company has, on 9th october, 2015, increased its shareholding in its Joint Venture entity, corolla
Realtv

Limited, from 45.25%to L@%.

The unaudited financial results (standalone and consolidatedl will be posted on the website of
the Company
www.koltepatil.com and will be available on website of the National Stock Exchange of hdia timited (NSEI
and
Bombay Stock Exchange timited (BSE).
The figures for the corresponding periods have been regrouped and re-arranged, wherever necessary
to make

them comDarable.

For Kolte-Patil Developers Limited

lA

lN/\
Place: Pune

Date:

{lb

February 2Ot6

{-\

Rajesh Patll

Chairman and Manadnt Director

{DtN -003818661

^
Yaq< h aL
-'
J
11

Deloitte

1
'-

Chanered Accountants
706, 'B'Win9, 7th Floor

tLL traoe tower

Internataonal Convention Centre
Senapati Bapat Road

Haskins & Sells LLP

Pune-411016
Maharashtra, INDIA

Tel: +91 (20) 6624 4600

Far: +91 (20) 6624 4605

INDEPEI{DENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM

FINA}TCIAL REST]LTS
TO THE BOARD OF DIRECTORS OF
KOLTE-PATIL DEVELOPERS LIMITED

l.

we have reviewed the accompanying statement of Standalone unaudited Financial

Results of KOLTE-PATIL DEVELOPERS LIMITED (.,the Conpany'') for the
Quarter and Nine Months ended 31" December,2015 (.the Statemenf;;, being

r:

submitted by the company purs'ant to the requirement of Regulation

or tiie srsi
(Listing obligations and Dsclosure Requirements) Regulations, 2015. This Staternent
whirch is the responsibility of the company's Managernent and approved by the Board
of.Di*cton, has been prepared in accordance with the recogpition and miasurement
principles laid down in Accounting Standard for Interim Financial Reporting (AS 25),
prescribed under Section 133 of the companies Act, 2013 read with relevant rules
issued thereunder and other accounting principles generally accepted in India. our
responsibility is to issue a report on the Statement based on our review.

2. we conducted

our review of the Staternent in accordance with the standard on

Review Engagements (SRE) 2410'Review of Interim Financial lnformation
lgrformed by the lndependent Auditor of the Entity', issued by the Institute of
chartered Accountants of India. This standard requires that we plan and perform the

review to obtain moderate assurance as to whether the Statement is free of material

misstatement. A review is limited primarily to inquiries of company personnel
and
analytical procedures applied to financial data and thus provides lesi assurance than

an
We have not performed an audit and, accordingly, we do not express an
-1udit
audit opinion.

Based on our review conducted as stated above, nothing has come to our attention
that causes us to believe that the accompanying statem;nt, prepared in accordance

with the aforesaid Accormting standards and other accounting principles generally
accepted in India, has not disclosed the information required to be disciosed in terms
of Regulation 33 of the SEBI (Listing obligations and Disclosure Requirernents)
Regulations, 2015, including the manner in which it is to be disclosed. or that ii
contains any material misstatement.

FoTDELOITTE HASKINS & SELLS LLp

Chartered Accountants
(Firm's Registration No. I l7366WW-/00018)

M. Joshi
Partner

Date:

No.38019)

iy'{ F$rtar1 ,)-t l(

Place: Peinc

Regd. Office: 12, Or Annie Besant Road, Opp. Shiv Sagar Estate, Worli, Mumbai4OO 018, India.
Deloitte Haakins & Sells (Registrataon No. 8A97449) a partnership lirrn was converted Into
(LLP

Detoitte Ha5kins & sells tLp

ldentification No. MB-8737) a rimited riabirity partnership with effe(t from 2oth November 2013

l'^
"rn
t ,-r.[-

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KOTTE-PATIt DEVETOPERS TIMITED

Corporate ldentifi cation Nufi ber: 145200PN1991PIC129428
Registered Office: 2nd Floor, city Point, ohole Patil Road, Pune- 4U001
Tel. No. +9120 65226500 Fax No. + 9120 66226511. Website: www.koltepatil.com. Email: investorrelation@koltepatil.com

CONSOTIDATED UNAUDITED FINANCIAI. RESULTS FORTHE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER 2015

f.om operatlons betote other Income, flnanc.

from o.dinary adlvlties before flnance costs

from opGtions aftr finarce cotts but bforc

8
9
10

ll

Proflt from ordlnary adivltles after

tax

(9'10)

t2
13

l4
t5
t6

Proflt after tax6, mlnotlty Interest and share

excludint Rsaluation Resrv6

a5

of

pr

\,,\

U
J

Pye

6 oF

Notes:-

Consolidated:-

1'

The consolidated Financial Results have been prepared in accordance with

As 21 - Accounting standard on

consolidated Financial statements and AS 27 - Financial Reporting of Interests in Joint

Venttires, specified
under section 133 ofthe comPanies Act, 2013, read with Rule 7 ofthe companies (Accounts)
Rules, 2014.

There are no separate reportable segments pursuant to Accounting standard

As 17, specified under section
133 of the companies Act, 2013, read with Rule 7 of the companies (Accounts)
Rules, 2014, considering the
present nature of business ofthe Company and geographies of operations.

3'

The above unaudited financial results were reviewed by the Audit committee
held on llh February 2016 and were approved by the Board of Directors

ofthe company at its meeting

of the companyat iis meeting held

on 12th February, 2016.

4.

The Statutory Auditors of the company have carried out a

results.

"limited Review,, of the above unaudited financial

During the quarter ended 31't December, 2015, the Company has issued 110
Secured Unlisted Redeemable
Taxable Non-convertible Debentures offace varue of Rs. 1o,ooo,oo0
each, through private pracemedt offer.
Unaudited financial results of Kolte-patil Developers Limited (Standalonel

Rs. In Lakhs

Quafter ended
Particulaas

lncome

from

Nlne months ended

Year ended

31-Dec-15

30-Sept-15

31-Dec-14

31-Dec-15

31-Dec-14

Unaudited
4,506.66

Unaudited

Unaudited

Unaudited

Unaudited

4,32t.19

6,628.18

13,047.63

12,955.85

387.24

728.74

1,441.52

5,015.29

482.96

L,216.69

2866.88
2,443.20

3,656.74

253.87

3,301.01

4,362.75

Operations
Profit before Tax
Profit after Tax

31-Mar-15
Audited
16,836.59

The listed Redeemabre Non-convertibre Debentures (NcDs) of the company

aggregating to Rs. 7,ooo rakhs as

on 31n December 2015 are secured by way of mortgaBe over rand and project
asseti of .tazz 2 (prcjec()
located at Pimple Nilakh to which clear and marketable title is held
by issuer, charge on all Cash Flows ano
Receivables pertaining to the project ("Receivabres") and charge of Escrow
Account of the project.
The Company has, on 9th October, 2015, increased its shareholding
in its Joint Venture entity, Corolla Reatty
Limited, from 46.25%to tOO%.
The current period/quarter amounts are not comparable to that
of previous period/quarter due to increase In

shareholding of Corolla Realty Limiteo.

The unaudited financial results (standlone and consolidated)

will be posted on the website of the company
www'koltepatil.com and will be available on website ofthe National stock Exchange
of India Limitea tHiiirno
Bombay Stock Exchange timited (BSE).
The figures for the corresponding periods have been regrouped
and re-arranged, wherever necessary, to maKe
them comparable.

For Kolte.Patil Developers Limited

lAn
Place: Pune

Datei 12u February 2016

IV'\
lJ

Rajesh patll

Chaltman and Managlnt Dlrector

Dtr{

{(Xt3818661

D^",^ 4
4,

I ur'l<
J

Deloitte

Ar
v|

Q
I

Chartred Ac<ountants

706, 'B Wing, 7th Floor

ICC Trade Tower
International Convention Centre
Senapati Eapat Road
Pune - 411 016
Mahara5htra, INDIA

Haskins & Sells LLP

Tel: +91 {20) 6624 4600

Fax: +91 (20) 6624 4605

INDEPEIIDENT AI]DITORS' REVIEW REPORT ON REVIEW OF INTERIM

FINANCIAL RESI,JLTS
TO THE BOARD OF DIRECTORS OF

KOLTE-PATIL DEVELOPE,RS LIMITED

l.

We have reviewed the accompanying Statement of Consolidated Unaudited Financial Rezults

of KOLTE-PATIL

DEVELOPERS LIMITED

(the

Holding Company'') and its

subsidiaries (the Holding company and its subsidiaries together referred to as "the Group"), its
jointly controlled entities for the Quarter and Nine Months ended 31" December, 2015 (.the

Statement"), being submitted by the Holding Company pursuant to the requiremant of

Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations,
2015. This statement which is the responsibility of the Holdi''g company's Management and
approved by the Board ofDirectors, has bean prepared in accordance with the recognition and
measurernent principles laid down in Accounting Standard for lnterim Financial Reporting (AS
25), prescribed under Section 133 ofthe companies Acl 2013 read with relevant rules iisued
thereunder and other accounting principles generally accepted in India. our responsibility is to
issue a report on the Staternent based on our review.

we conducted our review of the statement in accordance with the Standard on Review
Engagements (sRE) 2410 "Review of Interim Financial lnformation performed by the
lndependent Auditor of the Entity'', issued by the Institute of Chartered Accountants of india.
This Standard requires that we plan and perform the review to obtain moderate assurance as to
whether the statement is free of material misstatement. A review is limited primarily to
inquiries of Holding company personnel and analyical procedures applied to financial data
and thus provides less assurance than an audit. we have not performed an audit and"
accordingly, we do not express an audit opinion.

3.

The Statement includes the results ofthe following entities:

i)

Kolte-Patil Developers Limited

Holding Company

ii)

Bellflower Properties Private Limited

Subsidiary Company

iii)

Tuscan Real Estate Private Limited

Subsidiary Company

iv)

Kolte-Patil Real Estate Private Limited

Subsidiary Company

v)

Yashowardhan Promoters and Develooers

Private Limited

Subsidiary Company

Regd. Office : 12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate,

Wor[, Mumbai ,4OO 018, tndia.

Deloitte Haskins & sells (Regittration No. 8A97449) a partnership firm was converted rnto Detottte
Haskins & sells
(LLP ldenti{ication No. M8-8737) a rimited riabirity partnership
with effect from 2oth November 2013

LLp

P"9n

r of I

Deloitte
Haskins & Sells LLP
vi)

Regenesis Facility Management Company

Subsidiary Company

Private Limited

vii)

Regenesis Project Management Company

Subsidiary Company

Private Limited

viii)

Lilac Hospitality Private Limited

Subsidiary Company

ix)

Jasmine Hospitality Private Limited

Subsidiary Company

x)

Olive Realty Private Limited

Subsidiary Company

xi)

Snowfl ower Properties Private Limited

Subsidiary Company

xii)

PNP Retail hivate Limited

Subsidiary Company

xiii)

PNP Agrotech Private Limited

Subsidiary Company

xiv)

Sylvan Acres Realty Private Limited

Subsidiary Company

xv)

Corolla Realty Limited

Subsidiary Company

xvi)

Kolte-Patil I-Ven Townships (Pune) Limited

Joint Venture

xvii)

Ankit Enterprises

Partnership Firm

xviii)

Kolte-Patil Homes

Partnership Firm

xix)

KP-Rachana Real Estate LLP

Limited Liability PartnershiP

xx,

Sanjivani Integated Township LLP

Limited Liability Partnership

xxi)

Bouvardia Developers LLP

Limited Liability Partnership

xxii)

Camation Landmarks LLP

Limited Liability PartnershiP

xxiii)

KP-SK Project Management LLP

Limited Liability Partnership

We did not review the interim financial resulS of 18 subsidiaries included in the consolidated
financial results, whose interim financial results reflect total revenues of Ps. 3,775.15 lakhs

and Rs. 14,562.04 lakhs for the Quarter and Nine Months ended 31" December, 2015,
respectively, and total profit after tax ofRs. 600.52 lalchs and Rs. 2,594.68 lahhs for the Quarter
ended 31$ December,20l5, respectively, as considered in the consolidated
-d Nin" MonthsThese
interim financial results have been reviewed by other auditors whose
results.
financial
reports have been fumished to us by the Management and our report on the Statement, in so far
asit relates to the amounts and disclosures included in respect ofthese subsidiaries, is based
solely on the reports ofthe other auditors.
5.

Based on our review conducted as stated above and based on the consideration of the reports
ofthe other auditors referred to in paragraph 4 above, nothing has come to our attention that

carses us

to believe that the accompanying statement, prepared in

accordance with the

l)oj. 3 of 3
Deloitte
Haskins & Sells LLP
aforesaid Accounting Standards and other accounting principles generally accepted in India,
has not disclosed the information required to be disclosed in terms of Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirernents) Regulations, 2015, including the
manner in which it is to be disclosed. or that it contains anv material misstatement.

FoTDELOITTE HASKINS & SELLS LLP

Chartered Accountants
(Firm's Registration No. I l7366WAV-100018)

M. Joshi
Partner

No.38019)

Date:11'l

kbrtra*t.

Place'. Pg66

L.t

lC