Kolte-Patil Developers Limited Reports Un-Audited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Ended December 31, 2013
January 24, 2014 at 02:35 pm IST
Share
Kolte-Patil Developers Limited reported un-audited consolidated and standalone earnings results for the third quarter and nine ended December 31, 2013. For the quarter, on consolidated basis, the company reported total income from operations of INR 1,818.388 million compared to INR 2,254.308 million, profit from operations before other income, finance cost and exceptional items of INR 559.754 million compared to INR 612.878 million, profit from ordinary activities before tax of INR 458.789 million compared to INR 596.472 million and net profit of INR 300.841 million or INR 0.94 per basic and diluted share compared to INR 388.614 million or INR 1.82 per basic and diluted share for the last year.
For the nine months, on consolidated basis, the company reported total income from operations of INR 5,930.988 million compared to INR 5,175.517 million, profit from operations before other income, finance cost and exceptional items of INR 1,761.184 million compared to INR 1,219.137 million, profit from ordinary activities before tax of INR 1,525.8 million compared to INR 1,120.848 million and net profit of INR 1,018.006 million or INR 10.43 per basic and diluted share compared to INR 733.765 million or INR 8.23 per basic and diluted share for the last year.
For the quarter, on standalone basis, the company reported total income from operations of INR 428.811 million compared to INR 492.382 million, profit from operations before other income, finance cost and exceptional items of INR 346.303 million compared to INR 107.008 million, profit from ordinary activities before tax of INR 80.783 million compared to INR 187.763 million and net profit of INR 71.590 million or INR 0.94 per basic and diluted share compared to INR 138.123 million or INR 1.82 per basic and diluted share for the last year.
For the nine months, on standalone basis, the company reported total income from operations of INR 1,375.953 million compared to INR 1,256.664 million, profit from operations before other income, finance cost and exceptional items of INR 314.780 million compared to INR 373.243 million, profit from ordinary activities before tax of INR 395.432 million compared to INR 536.457 million and net profit of INR 351.275 million or INR 4.64 per basic and diluted share compared to INR 386.404 million or INR 5.10 per basic and diluted share for the last year.
Kolte-Patil Developers Limited is an India-based real estate company. The Company is engaged in the business of construction of residential, commercial, IT parks along with renting of immovable properties, retail, and providing project management services for managing and developing real estate projects. It has a presence in three Indian markets: Pune, Mumbai and Bengaluru. The Company markets its projects under two brands: Kolte-Patil (addressing the mid-priced and premium segment) and 24K (addressing the premium luxury segment). The Company has developed and constructed over 58 projects, including residential complexes, integrated townships, commercial complexes and IT parks covering a saleable area of >26 Mn sq. ft. across Pune, Mumbai, and Bengaluru. Its projects include Aros, Sound of Soul, 24K Altura, Little Earth, 24K Stargaze, K52, Alora, Raaga, and I Towers Exentre. The Company also operates two new housing society redevelopment projects in the western suburbs of Mumbai.
KOLTE-PATIL DEVELOPERS LIMITED 
