KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - Kolte-Patil enters Rs. 206.5 crore agreement with Marubeni Corporation (Japan)12-11-2022
12-11-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Audio Recording Of Q2FY23 Earnings Conference Call Held On 10 November 2022
Audio Recording of Q2FY23 Earnings Conference Call held on 10 November 202211-11-2022
Q2FY23 Quarterly Result Announced for Kolte-Patil Developers Ltd.
Realty company Kolte-Patil Developers announced Q2FY23 results: Q2FY23 & H1FY23: Sales value of Rs 812 crore in H1FY23, up 20% YoY Sales value for projects in Mumbai was at Rs 184 crore in H1FY23 H1FY23 collection at Rs 878 crore, up 34% YoY Net Debt to Equity stood at 0.26 as on 30th September 2022 Q2FY23 Sales value at Rs 367 crore Q2FY23 Collections at Rs 404 crore Commenting on the performance for Q2 & H1 FY23, Mr. Rahul Talele, Group CEO, KoltePatil Developers Limited said, “It is encouraging to observe the revival in the housing market across key geographies and demand segments. Residential sector performance continues to witness ongoing improvement and despite the rise in mortgage rates, affordability of home ownership remains high. During the first half of the financial year, we delivered strong 20% growth in sales booking value of Rs 812 crore; underlying sales volumes expanded by 9%. Importantly, realizations continued to improve during H1FY23, up 10% YoY, driven by contribution from across projects. Strong execution capabilities demonstrated by our teams across projects translated into firm collections that improved in H1 by 34% YoY to Rs 878 crore; Q2 collections were higher by 8% YoY. Our business diversification strategy remains on-track with projects outside Pune contributing 27% of Sales Value during H1FY23. Prudent investment and strategic partnerships enable us to deliver on our growth plans. In a recent development, KPDL undertook strategic land monetization for a portion of its project ‘Little Earth’ Kiwale, for ~Rs. 78 crore. As a part of this deal, KPDL will jointly develop ~0.65 mn sq. ft with Planet Smart City; third project under the platform created to develop smart aspirational housing units. In addition, to further our business development agenda, we have received an approval from the Board today for issuing redeemable Non-Convertible Debentures (“Debentures”) on a private placement basis, aggregating upto Rs 206.50 crore. While we see accelerating momentum on key operating aspects of the business in the second half of the year, Q2 has been slower due to some shifts in scheduled launch timelines that are likely to be announced over the next few weeks and through the course of the rest of the current financial year. As indicated earlier, existing projects, our judicious business development initiatives and scheduled launches that have an aggregate topline potential of ~ Rs. 7,710 crore/development potential of ~11.25 mn. sq. ft. are on track. KPDL continues to benefit from the buoyant housing demand especially in the post RERA-led consolidation world attracting a greater share of customer engagement. Strong brand recall, best-in class living space and strong execution capabilities position us well in our ability to drive growth, deliver on targets and create long-term value.” Result PDF10-11-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Submission of Press release on Q2 & H1 FY23 Financial Results10-11-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pfease find enclosed herewith softcopy of "Q2 FY23 Financial Results Presentation" of the Company and the presentation also being posted on the company''s website: www.koltepatil.com.10-11-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Submission Of Unaudited Financial Results (Standalone & Consolidated) And Limited Review Report For The Quarter And Six Months Ended On 30 September 2022 With UDIN
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith unaudited Financial Results (Standalone & Consolidated) for the quarter and six months ended on 30 September 2022 duly signed by Chairman and Managing Director of the Company. Also find enclosed herewith Limited Review Report on the Financial Results for the quarter and six months ended on 30 September 2022 as submitted by M/s. Deloitte Haskins & Sells LLP, Statutory Auditors of the Company with UDIN.10-11-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached herewith Press release - "KPDL partners with Planet Smart City to jointly develop -0.65mn sq. ft. at Kiwale, Pune"10-11-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Submission Of Unaudited Financial Results (Standalone & Consolidated) And Limited Review Report For The Quarter And Six Months Ended On 30 September 2022
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith unaudited Financial Results (Standalone & Consolidated) for the quarter and six months ended on 30 September 2022 duly signed by Chairman and Managing Director of the Company. Also find enclosed herewith Limited Review Report on the Financial Results for the quarter and six months ended on 30 September 2022 as submitted by M/s. Deloitte Haskins & Sells LLP, Statutory Auditors of the Company. The Meeting of Board of Directors was commenced at 11:30 AM and concluded at 3.00 PM10-11-2022
KOLTE-PATIL DEVELOPERS LTD. - 532924 - Board Meeting Outcome for Outcome Of Board Meeting
Kolte - Patil Developers Limited has informed the Exchange about Board Meeting held on 10-Nov-2022 approved financial statements for the period ended September 2022, Fund raising and Other business matters10-11-2022