Kolte-Patil Developers Sees Q3 Profit Soar to Rs 25 Crore, Revenue Jumps
New Delhi, Feb 12 (PTI) Real estate firm Kolte-Patil Developers Ltd has reported a consolidated net profit of Rs 25.30 crore for the quarter ended December, marking a significant improvement from the previous year.
Real EstateKoltepatil DevelopersQ3 ProfitRevenue GrowthFinancial PerformanceReal EstateFeb 12, 2025
This is a significant improvement from the net loss of Rs 62.89 crore reported in the corresponding period of the previous year.
Revenue for the quarter surged to Rs 369.28 crore, up from Rs 83.70 crore in the same quarter last year.
Kolte-Patil Developers Ltd, one of the leading real estate developers in India, has always been at the forefront of innovation and quality in the housing sector.
The company's strong financial performance in Q3 FY23 reflects its strategic initiatives and market resilience.
The company, headquartered in Pune, has a robust presence in major cities across the country.
Its portfolio includes a wide range of residential, commercial, and industrial projects.
Kolte-Patil Developers' focus on customer satisfaction and sustainable development has helped it maintain a strong market position despite the challenging economic environment.
In the regulatory filing, the company attributed the significant improvement in profits to a combination of increased sales, efficient cost management, and a favorable market environment.
The company's chairman, Mr.
Kishor Kolte, commented, 'We are pleased with our performance in Q3.
Our efforts to streamline operations and enhance customer experience have started yielding results.
We are confident that this trend will continue in the coming quarters.'
The real estate sector in India has been witnessing a gradual recovery, driven by government policies, economic growth, and increased consumer confidence.
Kolte-Patil Developers' strong financial results are a testament to its ability to navigate the market dynamics and capitalize on opportunities.
The company's pipeline includes several high-profile projects, which are expected to contribute to its future growth.
Kolte-Patil Developers remains committed to delivering value to its stakeholders and contributing to the development of the real estate sector in India.
Frequently Asked Questions
What was the net profit reported by Kolte-Patil Developers in Q3 FY23?
Kolte-Patil Developers reported a consolidated net profit of Rs 25.30 crore in Q3 FY23.
How much was the revenue in Q3 FY23 for Kolte-Patil Developers?
The revenue for Q3 FY23 was Rs 369.28 crore.
What was the net loss reported by Kolte-Patil Developers in the corresponding period of the previous year?
Kolte-Patil Developers reported a net loss of Rs 62.89 crore in the corresponding period of the previous year.
What are the key factors contributing to the improved financial performance of Kolte-Patil Developers?
The key factors contributing to the improved financial performance of Kolte-Patil Developers include increased sales, efficient cost management, and a favorable market environment.
What is the focus of Kolte-Patil Developers in terms of customer satisfaction?
Kolte-Patil Developers focuses on delivering value to its stakeholders and enhancing customer experience through innovative projects and sustainable development practices.
Related News Articles
Arvind SmartSpaces Ltd Sees Impressive Growth with 49% YoY Increase in Bookings
Arvind SmartSpaces Limited announces its Q1 FY25 financial results, boasting a 49% YoY growth in bookings and a 21% increase in collections.
PCMC Contract Worker Arrested in Bribery Case: Water Inspector Remains at Large in Pune
In a significant development, a PCMC contract worker has been arrested in a bribery case, while the water inspector remains on the run. The incident has raised concerns about corruption in public services in Pune, a city known for its rapid growth in real
Country Garden's Sales Decline Deepens in January, Adding to Troubles
Country Garden, one of China's largest real estate developers, has reported a significant drop in sales for January, exacerbating the company's ongoing challenges in the volatile property market.
Alt, the Holding Company for Property Share, to Raise Rs 2.8K Cr in New Funding
Mumbai: Alt, the holding company for Property Share, a leading platform in fractional real estate ownership, is set to raise Rs 2.8K crore. This move is expected to further boost the company's market presence and expand its innovative real estate solution
Pune Real Estate: Property Registrations Decline but Stamp Duty Collections Remain Stable
Pune's real estate market witnessed an 8% Year-on-Year decline in property registrations in January 2025, with a total of 16,330 properties registered. Despite this, stamp duty collections remained steady at ₹590 crore.
Good News! State Government Plans Cancer Hospital in Pune Amid Growing Patients
The state government has announced plans to build a specialized cancer hospital in Pune, a city with a rapidly growing population and increasing number of cancer patients. This move is expected to significantly enhance healthcare services and provide much