Kolte Patil Developers Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 19, 2013 at 09:17 am
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Kolte Patil Developers Ltd. announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on consolidated basis, the company reported net sales/income from operations was INR 2,227.937 million against INR 689.654 million a year ago. Total income from operations was INR 2,254.308 million against INR 739.107 million a year ago. Profit from operations before other income, financial charges, exceptional items was INR 612.878 million against INR 551.932 million for the same period a year ago. Profit from ordinary activities before tax was INR 596.472 million against INR 119.743 million for the same period a year ago. Net profit was INR 388.614 million against INR 80.276 million for the same period a year ago. Basic and diluted earnings per share were INR 4.03 against INR 0.83 for the same period a year ago.
For nine months, the company reported net sales/income from operations was INR 5,096.944 million against INR 1,467.172 million a year ago. Total income from operations was INR 5,175.517 million against INR 1,590.953 million a year ago. Profit from operations before other income, financial charges, exceptional items was INR 1,219.137 million against INR 404.437 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,120.848 million against INR 327.991 million for the same period a year ago. Net profit was INR 733.765 million against INR 241.450 million for the same period a year ago. Basic and diluted earnings per share were INR 8.23 against INR 2.73 for the same period a year ago.
For the quarter, on standalone basis, the company reported net sales/income from operations was INR 422.506 million against INR 163.397 million a year ago. Total income from operations was INR 492.382 million against INR 210.897 million a year ago. Profit from operations before other income, financial charges, exceptional items was INR 120.320 million against INR 57.083 million for the same period a year ago. Profit from ordinary activities before tax was INR 201.075 million against INR 984.12 million for the same period a year ago. Net profit was INR 138.123 million against INR 74.286 million for the same period a year ago. Basic and diluted earnings per share were INR 1.82 against INR 0.98 for the same period a year ago.
For nine months, the company reported net sales/income from operations was INR 1,050.541 million against INR 491.443 million a year ago. Total income from operations was INR 1,256.664 million against INR 641.239 million a year ago. Profit from operations before other income, financial charges, exceptional items was INR 386.555 million against INR 170.153 million for the same period a year ago. Profit from ordinary activities before tax was INR 549.769 million against INR 231.508 million for the same period a year ago. Net profit was INR 386.404 million against INR 184.303 million for the same period a year ago. Basic and diluted earnings per share were INR 5.10 against INR 2.43 for the same period a year ago.
Kolte-Patil Developers Limited is an India-based real estate company. The Company is engaged in the business of construction of residential, commercial, IT parks along with renting of immovable properties, retail, and providing project management services for managing and developing real estate projects. It has a presence in three Indian markets: Pune, Mumbai and Bengaluru. The Company markets its projects under two brands: Kolte-Patil (addressing the mid-priced and premium segment) and 24K (addressing the premium luxury segment). The Company has developed and constructed over 58 projects, including residential complexes, integrated townships, commercial complexes and IT parks covering a saleable area of >26 Mn sq. ft. across Pune, Mumbai, and Bengaluru. Its projects include Aros, Sound of Soul, 24K Altura, Little Earth, 24K Stargaze, K52, Alora, Raaga, and I Towers Exentre. The Company also operates two new housing society redevelopment projects in the western suburbs of Mumbai.
Kolte Patil Developers Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012