Latest News | Kolte-Patil Developers Q1 Profit Jumps Two-fold to Rs 46 Crore

New Delhi, Aug 4 (PTI) Realty firm Kolte-Patil Developers on Friday reported over two-fold jump in consolidated net profit to Rs 45.96 crore in the first quarter of the current fiscal due to better income.

The company had posted a net profit of Rs 21.23 crore in the year-ago period.

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Total income of the company also more than doubled to Rs 578.51 crore in the June quarter from Rs 204.37 crore a year ago, according to a regulatory filing.

On the operational front, Kolte-Patil Developers reported a 58 per cent increase in its sales bookings to Rs 701 crore in the first quarter of this fiscal, up from Rs 445 crore in the year-ago period.

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Pune-based Kolte-Patil Developers Ltd also has presence in Mumbai and Bengaluru. It has built 58 projects, including residential complexes, integrated townships, commercial complexes and IT Parks, with a saleable area of about 26 million square feet.

(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)