NEW DELHI: Kolte-Patil Developers has reported a dip of 86.72 per cent in its net consolidated profit during the quarter ended June 30, 2024. Its profit after tax stood at Rs 6.37 crore in Q1 FY25 as against Rs 47.97 crore it registered in the corresponding quarter of the previous fiscal.
The company’s net consolidated total income stood at Rs 350.29 crore in Q1 FY25, a dip of 39.45 per cent from Rs 578.51 crore it recorded in the similar quarter last year.
Atul Bohra, Group CEO of the company said, “Strong execution and timely deliveries resulted in our highest-ever quarterly collections of Rs. 612 crore, marking a 19% year-on-year growth. For the year till date we have 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. The launches schedule is largely on track and we hope to be able 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.
