Realty firm Kolte Patil Developers Ltd declared its Q2 results over the weekend on 3rd December 2016. The company posted 54 per cent increase in consolidated net profit at Rs 19.32 crore for the quarter ended September 30. Its net profit stood at Rs 12.53 crore in the year-ago period, Pune-based firm said in a regulatory filing. The total income from operation increased to Rs 225.98 during the quarter under review from Rs 181.02 crore in the corresponding period of the previous financial year.
As the trade opened on Monday, Kolte Patil share price surged over 12% in the first 15 minutes.
Revenues were reported at Rs. 155 crore in Q2 FY16, down 1.8 per cent Year on Year. EBITDA stood at Rs. 40.8 crore in Q2 FY16 as compared to Rs. 41.8 crore in Q2 FY15 due to higher S&M spends on account of new project launches. EBITDA margin was seen at26.3 per cent, as compared to 26.5 per cent in the corresponding quarter of the previous financial year.
AT 9:45 Am, Kolte Patil share price was trading at Rs. 105.95 with the rise of 11.54%
The company recorded new sales value of Rs. 282 crore and the collections were strong at Rs. 223 crore. In the second quarter of the ongoing financial year, the company also completed the buy-out of 100% stake in its SPV, Corolla Realty Limited, from 37% held earlier, for a total consideration of Rs. 164 crore. The company also showed a marginal rise in its basic EPS from 1.68 in the second quarter of the last financial year to 1.74 in the September quarter of the ongoing financial year. As on 30th September 2016, the net worth of the company stands at Rs. 874 crores as compared to Rs. 860 crores in the corresponding quarter in the last financial year.
Kolte Patil is the top 500 performing stock as identified by Dynamic levels for the quarter. For the details on the stock, visit Kolte Patil share price history page of Dynamic Levels website.
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
ReplyDeleteAkzo Nobel India Ltd