Kolte-Patil Developers

Kolte-Patil builds residential, commercial projects and has a presence in Pune, Bengaluru and Mumbai

Backed by a strong pipeline of launches planned in the second half of the year, the management is confident about meeting the company's pre-sales target of Rs 3,500 crore for FY25.

The fall in the share price came after the company announced a weak set of June quarter (Q1FY25) results.

Kolte-Patil Developers: Operationally, too, Kolte-Patil's consolidated total income for Q4FY24 was Rs 527.71 crore as against Rs 804.42 crore Y-o-Y

Realty firm Kolte-Patil Developers Ltd said its sales bookings rose 45 per cent to a record Rs 1,739 crore during the last fiscal year on higher volumes as well as average price realisation

Total income rose to Rs 244.7 crore in the third quarter of this fiscal year, from Rs 194.66 crore in the corresponding period of the previous year, according to a regulatory filing

The project is spread over 15-acre land parcel located within Pune city limits

The rating agency CRISIL reaffirmed the credit rating for bank facilities, fixed deposits and NCDs as "FAA-/Stable"

The stock surged 18% after the company posted 54% YoY jump in profit at Rs 19.3 crore in Q2FY17

Developers complete Margosa Heights project in Pune

The stock moved higher by 11% to Rs 134 on the BSE on back of heavy volumes.