Kolte Patil Developers Q4FY23 Earnings

Kolte Patil Developers is a leading real estate company based in India. The company has a diversified portfolio of properties, ranging from residential to commercial, retail, and IT parks. With a strong focus on quality, innovative designs, and customer-centric approach, the company has established a strong reputation in the Indian real estate market. Kolte Patil Developers is well-positioned to capitalize on several opportunities, including the growing demand for affordable housing, expansion into new geographies, emphasis on sustainable development, integration of technology, and focus on commercial properties. The company also has a growing presence in the Mumbai and Bengaluru residential space thereby attaining a top 3 position among all Real Estate players in the area. Company’s increase sales value showcases its optimistic position in the industry.

Financial Results:

• Kolte Patil Developers Ltd. reported Total Income for Q4FY23 of ₹ 797 Crores up from ₹ 376 Crore year on year, a rise of 117%.
  
  
• Total Expenses for Q4FY23 of ₹ 632 Crores up from ₹ 347 Crores year on year, rise of 82%.
  
   
• Consolidated Net Profit of ₹ 117 Crores, up 336% from ₹ 27 Crores in the same quarter of the previous year.
  
   
• The Earnings per Share is ₹ 15.38, up 336% from ₹ 3.53 in the same quarter of the previous year.