Kolte-Patil Developers profit declines 76% to Rs 5.37 cr in Q3 FY22
Real Estate

Kolte-Patil Developers profit declines 76% to Rs 5.37 cr in Q3 FY22

Pune-based Realty firm Kolte-Patil Developers Ltd has registered a 76% drop in its consolidated net profit at Rs 5.37 crore for the quarter ended December.

Its net profit reached Rs 22.47 crore in the year-ago period.Total revenue increased to Rs 244.7 crore in the third quarter of this fiscal year, from Rs 194.66 crore in a similar period of the previous year, as per a regulatory filing.

On the operational front, the firm's sales bookings increased 77% to Rs 561.3 crore during the October-December quarter, from Rs 317 crore in the year-ago period.

Rahul Talele, Group CEO, Kolte-Patil Developers Ltd, told the media that they have hit significant sales milestones in Q3 FY22, which has been their best-ever quarter in the past seven years both in terms of sales volume and value. The firm has now attained a sales value of Rs 1,238.4 crore in the first nine months of this fiscal year, up 83% as against Rs 675.6 crore in the previous year period. The sales bookings have already touched the Rs 1,201-crore mark achieved in the complete 2020-21 financial year.

Overall, their business has the momentum to end FY22 on a strong note. Pune-based Kolte-Patil Developers Ltd additionally has a presence in Mumbai and Bengaluru. The firm has developed and built more than 50 projects comprising residential complexes, integrated townships, commercial complexes and IT Parks, including a saleable area of about 20 million sq ft across Pune, Mumbai and Bengaluru.

Image Source

Also read: 1-OAK buys land at Rs 350 cr residential, commercial project in Ayodhya

Pune-based Realty firm Kolte-Patil Developers Ltd has registered a 76% drop in its consolidated net profit at Rs 5.37 crore for the quarter ended December. Its net profit reached Rs 22.47 crore in the year-ago period.Total revenue increased to Rs 244.7 crore in the third quarter of this fiscal year, from Rs 194.66 crore in a similar period of the previous year, as per a regulatory filing. On the operational front, the firm's sales bookings increased 77% to Rs 561.3 crore during the October-December quarter, from Rs 317 crore in the year-ago period. Rahul Talele, Group CEO, Kolte-Patil Developers Ltd, told the media that they have hit significant sales milestones in Q3 FY22, which has been their best-ever quarter in the past seven years both in terms of sales volume and value. The firm has now attained a sales value of Rs 1,238.4 crore in the first nine months of this fiscal year, up 83% as against Rs 675.6 crore in the previous year period. The sales bookings have already touched the Rs 1,201-crore mark achieved in the complete 2020-21 financial year. Overall, their business has the momentum to end FY22 on a strong note. Pune-based Kolte-Patil Developers Ltd additionally has a presence in Mumbai and Bengaluru. The firm has developed and built more than 50 projects comprising residential complexes, integrated townships, commercial complexes and IT Parks, including a saleable area of about 20 million sq ft across Pune, Mumbai and Bengaluru. Image Source Also read: 1-OAK buys land at Rs 350 cr residential, commercial project in Ayodhya

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement