Kolte-Patil Developers Sees 86.72% Drop in Net Profit in Q1 FY25
Kolte-Patil Developers results, Kolte-Patil Developers profit, Atul Bohra, Pune, Mumbai
Koltepatil DevelopersReal EstatePuneMumbaiAtul BohraReal Estate NewsAug 10, 2024
The company's net consolidated total income also saw a decline of 39.45% to Rs 350.29 crore in Q1 FY25, compared to Rs 578.51 crore in the same quarter last year.
Despite the decline in profit and revenue, the company's Group CEO, Atul Bohra, expressed optimism about the company's performance. He stated that strong execution and timely deliveries resulted in the company's highest-ever quarterly collections of Rs. 612 crore, marking a 19% year-on-year growth.
Bohra also mentioned that the company has launched projects with saleable area of close to 2 million square feet, translating into top-line potential of about Rs. 1,500 crore across customer segments. He added that the launches schedule is largely on track and the company hopes to launch projects with top-line potential of Rs. 8,000 crore during the current financial year.
As on June 30, 2024, the company's net worth stood at Rs 744.54 crore, debt-equity ratio was 1.56, current liability ratio was 0.91, total debts to total assets ratio was 0.23, operating margin was 8.15% and net profit margin was 1.82%.
The company's sales value stood at Rs 711 crore, sales volumes stood at 0.96 million sq ft and collections were at Rs 612 crore in Q1 FY25.
About Kolte-Patil Developers
Kolte-Patil Developers is a leading real estate developer in India, with a strong presence in Pune and Mumbai. The company has a diversified portfolio of projects, including residential, commercial, and retail spaces.
Frequently Asked Questions
What was Kolte-Patil Developers' net consolidated profit in Q1 FY25?
Rs 6.37 crore
What was the decline in Kolte-Patil Developers' net consolidated profit in Q1 FY25 compared to the same quarter last year?
86.72%
What was Kolte-Patil Developers' net consolidated total income in Q1 FY25?
Rs 350.29 crore
What was the decline in Kolte-Patil Developers' net consolidated total income in Q1 FY25 compared to the same quarter last year?
39.45%
What is Kolte-Patil Developers' plan for launching new projects in the current financial year?
The company plans to launch projects with top-line potential of Rs. 8,000 crore during the current financial year.
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