Kolte-Patil Developers recorded sales value of Rs 1,333 crore during H1 FY24 as compared to Rs 812 crore in H1 FY23, marking a growth of 64% year-on-year.The company’s sales volumes at 1.91 million sq ft improved by 63% in H1 FY24 as against 1.17 million sq ft in H1 FY23. Its collections stood at Rs 985 crore in H1 FY24, up 12% year-on-year from 878 crore in H1 FY23.New launches contributed ~55% to the H1 FY24 sales value.
“Construction activities maintained a steady pace during this period; combined with increased momentum in sales, registrations, and CRM, resulted in a 12% year-on-year improvement in collections at Rs. 985 crore for H1 FY24.
By investing in growth levers, developing products across diverse customer segments, strong launches pipeline and business development (acquired projects with topline potential of Rs. 3,450 crore in H1 FY24) and prudent financial operations, the company stands on a solid foundation,” said Rahul Talele, Group CEO of the company.