+
Kolte-Patil Developers reports Rs 120.80 crore profit in Q4 FY23
ECONOMY & POLICY

Kolte-Patil Developers reports Rs 120.80 crore profit in Q4 FY23

Kolte Patil Developers reported a 352.77 percent increase in net consolidated profit for the quarter ending March 31,2023. Its profit after tax was Rs 1.2 billion in Q4 FY23, up from Rs 266.8 million in the previous fiscal's corresponding quarter, according to a BSE filing.

The company's net consolidated total income was Rs 804.42 crore in Q4 FY23, up 111.14 percent from Rs 3.8 billion in the same period last year.

The board of directors' debenture allocation committee has allocated 14,000 secured, unlisted, redeemable non-convertible debentures (NCDs) of face value Rs 100,000 apiece to India Realty Excellence Fund IV on a private placement basis, totaling Rs 1.4 billion. NCDs shall be for a term of 120 months with a coupon of 0.001% per annum compounded annually if not redeemed earlier.

They have also allocated 20,6650 senior, secured, listed, rated, redeemable, zero coupon NCDs with face values of Rs 100,000 apiece on a private placement basis, totaling Rs 2.06 billion to Marubeni Corporation, Japan, unless redeemed sooner. The NCDs would be valid for 120 months unless redeemed earlier.

The board proposed a final dividend of Rs 4 per equity share of Rs 10 for fiscal year 2022-2023.

The board of directors authorized the issuance of equity shares and/or secured/unsecured redeemable non-convertible debentures or debt instruments and/or fully or partially convertible debentures/or bonds and/or global depository receipts and/or American Depository receipts in domestic and/or international offerings via public issue and/or private placement and/or rights issue and/or preferential allotment and/or qualified institutional placement.

Kolte Patil Developers reported a 352.77 percent increase in net consolidated profit for the quarter ending March 31,2023. Its profit after tax was Rs 1.2 billion in Q4 FY23, up from Rs 266.8 million in the previous fiscal's corresponding quarter, according to a BSE filing. The company's net consolidated total income was Rs 804.42 crore in Q4 FY23, up 111.14 percent from Rs 3.8 billion in the same period last year. The board of directors' debenture allocation committee has allocated 14,000 secured, unlisted, redeemable non-convertible debentures (NCDs) of face value Rs 100,000 apiece to India Realty Excellence Fund IV on a private placement basis, totaling Rs 1.4 billion. NCDs shall be for a term of 120 months with a coupon of 0.001% per annum compounded annually if not redeemed earlier. They have also allocated 20,6650 senior, secured, listed, rated, redeemable, zero coupon NCDs with face values of Rs 100,000 apiece on a private placement basis, totaling Rs 2.06 billion to Marubeni Corporation, Japan, unless redeemed sooner. The NCDs would be valid for 120 months unless redeemed earlier. The board proposed a final dividend of Rs 4 per equity share of Rs 10 for fiscal year 2022-2023. The board of directors authorized the issuance of equity shares and/or secured/unsecured redeemable non-convertible debentures or debt instruments and/or fully or partially convertible debentures/or bonds and/or global depository receipts and/or American Depository receipts in domestic and/or international offerings via public issue and/or private placement and/or rights issue and/or preferential allotment and/or qualified institutional placement.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?