Kolte Patil Developers has reported net consolidated profit after tax of Rs 10.34 crore during the quarter ended September 30, 2024. It had registered loss after tax of Rs 26.23 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 320.96 crore in Q2 FY25, a growth of 56.67 per cent from Rs 204.86 crore it recorded in the similar quarter last year.
Atul Bohra, group CEO of the company said, “We have delivered a strong Q2 FY25, achieving highest-ever quarterly pre-sales of Rs 770 crore. Collections stood at Rs 550 crore in Q2 FY25 and Rs 1,162 crore in H1 FY25.”As on September 30, 2024, its net worth stood at Rs 720.93 crore, debt-equity ratio was 1.73, current liability ratio was 0.97, total debt to total assets ratio was 0.24, operating margin was 5.25% and net profit margin was 3.22%. Net debt as on September 30, 2024 stood at Rs -58 crore.
On September 20, 2024, the debenture allotment committee allotted 13,377 series III fully, secured, listed, rated, redeemable, non-convertible debentures of par value Rs one lakh each aggregating to Rs 133.77 crore on a private placement basis to Marubeni Corporation, Japan. Unless redeemed earlier, NCDs shall be for a period of 120 months.
