Kolte Patil Developers Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Kolte Patil Developers Ltd reported a 15.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 341.2%.
- Its expenses for the quarter were up by 9.3% QoQ and 126.3% YoY.
- The net profit increased 154.6% QoQ and decreased 141.8% YoY.
- The earnings per share (EPS) of Kolte Patil Developers Ltd stood at 3.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 369.28 | 320.96 | 83.70 | 15.1% | 341.2% |
Total Expenses | 333.60 | 305.30 | 147.44 | 9.3% | 126.3% |
Profit Before Tax | 35.68 | 15.66 | -63.74 | 127.8% | -156.0% |
Tax | 9.57 | 6.89 | -4.20 | 38.9% | -327.9% |
Profit After Tax | 26.33 | 10.34 | -63.04 | 154.6% | -141.8% |
Earnings Per Share | 3.30 | 1.30 | -8.30 | 153.8% | -139.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kolte Patil Developers Ltd is a well-known real estate company based in India. The company is primarily engaged in the development of residential, commercial, and retail properties. It is recognized for its innovative approach to design and construction, often focusing on sustainable and environmentally friendly projects. As of the information available, Kolte Patil Developers Ltd has been involved in several high-profile projects and has established a strong presence in key urban markets across India. However, specific details on any recent major developments are not available in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Kolte Patil Developers Ltd reported a total income of ₹369.28 crores, which represents a significant increase of 15.1% on a quarter-over-quarter (QoQ) basis from ₹320.96 crores in Q2FY25. When compared to the third quarter of the previous fiscal year (Q3FY24), the growth is even more pronounced, with a year-over-year (YoY) increase of 341.2% from ₹83.70 crores. This substantial rise in revenue highlights a period of strong financial performance for the company during this quarter.
Profitability
The profitability of Kolte Patil Developers Ltd has shown notable improvement in Q3FY25. The company achieved a profit before tax of ₹35.68 crores, marking a significant QoQ increase of 127.8% from ₹15.66 crores in Q2FY25. This is a remarkable turnaround from the loss of ₹63.74 crores recorded in Q3FY24, leading to a YoY change of -156.0%. After accounting for taxes, the profit after tax stood at ₹26.33 crores, reflecting a 154.6% QoQ increase from ₹10.34 crores in Q2FY25 and a YoY improvement from a loss of ₹63.04 crores in Q3FY24. Additionally, the earnings per share (EPS) for the quarter were ₹3.30, up from ₹1.30 in the previous quarter, and from a negative ₹8.30 in the same period last year, showing a YoY change of -139.8%.
Operating Metrics
The total expenses for Kolte Patil Developers Ltd in Q3FY25 were ₹333.60 crores, which is a 9.3% increase from ₹305.30 crores in Q2FY25. When compared to Q3FY24, total expenses rose by 126.3% from ₹147.44 crores. The tax expense in Q3FY25 was ₹9.57 crores, representing a 38.9% increase QoQ from ₹6.89 crores in Q2FY25, and a YoY improvement from a negative tax expense of ₹4.20 crores in Q3FY24. These operating metrics indicate an upward trend in both income and expenses, reflecting the company’s financial activities during this period.
