Latest News | Kolte-Patil Developers Posts Rs 26.89 Crore Net Loss in Dec Quarter

New Delhi, Feb 6 (PTI) Realty firm Kolte-Patil Developers Ltd on Monday reported a consolidated net loss of Rs 26.89 crore in the quarter ended December 31, 2022 on higher expenses.

The company's net profit stood at Rs 5.37 crore in the year-ago period.

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Total income rose to Rs 374.46 crore in the third quarter of this fiscal year from Rs 244.7 crore in the corresponding period of the previous year, the Pune-based developer said in a regulatory filing.

Net loss stood at Rs 14.45 crore in the April-December period of this fiscal year as against a net profit of Rs 52.57 crore a year ago.

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Total income also fell to Rs 716.60 crore in the first nine months of this fiscal year from Rs 755.51 crore in the corresponding period of the previous year.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)