KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
The Final Dividend has been declared and approved in 32nd Annual General Meeting of the Company held on 19 August 2023 and the Dividend Payout Date will be 24 August 2023. KOLTE-PATIL DEVELOPERS LTD. - 532924 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Submission of voting result along with scrutinizer''s report of the 32nd Annual General Meeting held on 19 August 2023 KOLTE-PATIL DEVELOPERS LTD. - 532924 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Submission of proceedings of 32nd Annual General Meeting of the Company held on 19th August 2023. KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant of Regulation 30, 51 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with corresponding circulars and notifications issued thereunder, we hereby submit the schedule of Conference as under: Date and Place: 16 August 2023, Mumbai Name of the Conference: Emkay Confluence - Unleashing India's Potential Mode of Conference: In-person KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 read with Regulation 47(oa) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith transcript of Q1 FY24 Earnings Conference Call held on 04 August 2023 at 5.00 PM (IST) KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper advertisement regarding Financial Results (Standalone and Consolidated) for the quarter ended on 30 June 2023 KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Submission of Audio Recording of Q1 FY24 Earnings Conference Call held on 4 August 2023
Kolte-Patil Developers Q1 net profit jumps 116% to Rs 46 crore
Revenue for the first quarter of FY24 stood at Rs 571 crore, a surge of 185 percent. Q1FY24 Quarterly Result Announced for Kolte-Patil Developers Ltd.
Realty company Kolte-Patil Developers announced Q1FY24 results: Q1FY24 sales value at Rs 701 crore, up 58% YoY Q1FY24 sales volumes at 0.93 million sq. ft., up 52% YoY Third consecutive quarter with a sales value of over Rs 700 crore Q1FY24 revenues at Rs 571 crore; up 185% YoY Q1FY24 EBITDA at Rs 91 crore; up 94% YoY Q1FY24 net profit at Rs 46 crore; up 116% YoY Net debt to equity as on June 30, 2023, stands at 0.02x Commenting on the performance for Q1FY24, Rahul Talele, Group CEO, Kolte-Patil Developers said, “I am pleased to report that in the first quarter of the current financial year, we have continued to build on the record performance delivered in FY23. We have seen a deeper customer engagement across projects, resulting in the key operating metrics showing solid expansion. New area sales at 0.93 million square feet were up 52% YoY and sales value expanded by 58% YoY to Rs 701 crore, supported by an increase of 4% in average realizations to Rs 7,545 per square foot. Robust execution and deliveries resulted in strong collections at Rs 513 crore in Q1, up 8% YoY, and firm revenues at Rs 571 crore. We reported EBITDA margins of 16% for Q1FY24. Our project launches are on track. We have already launched 2.73 million square feet in the current financial year including 1.52 million square feet across three projects in Baner, Pimple Nilakh, and Life Republic under the 24K brand that addresses the premium luxury segment. Business development traction has been strong. So far, in FY24 we have acquired projects with top-line potential of ~ Rs 3,450 crore. These include four projects in diverse micro-markets across the Mumbai Metropolitan Region (MMR) and two projects in Pune. We continue to assess business development opportunities in our targeted markets and look to expand further on the back of innovative and capital-efficient growth engagements. The country’s economic prospects, improving lifestyles, and hybrid work formats now prevalent in corporate India, have been driving residential demand, especially for larger homes. Going forward, we continue to see the several macro initiatives undertaken by the government translating into improved affordability parameters for the increasingly discerning homebuyer. We believe that Kolte-Patil is well positioned to benefit from these transitions with its strong brand deeply associated with trust and customer connection across the three geographies of Pune, Mumbai, and Bengaluru. With the trend of consolidation and formalization, buyers are turning to quality developers and we look forward to delivering value across the entire ecosystem of stakeholders.” Result PDF
