Monthly Update12 Apr 2024, 08:40 pm
Kolte-Patil Developers Announces Record-Breaking Year with Rs. 2,822 Crore in Sales and Rs. 2,070 Crore in Collections
AI Summary
Kolte-Patil Developers Limited, a leading real estate player based in Pune with expanding presence in Mumbai and Bengaluru, reported key updates on its operations for the quarter and full year ended March 31, 2024. The company achieved a historic annual sales value of Rs. 2,822 crore, which represented a 26% Year-over-Year (YoY) growth. Additionally, the company collected a record Rs. 2,070 crore, resulting in a 20% YoY growth. The report also highlighted the launch of new projects, contributing approximately 63% to the pre-sales value for the fiscal year, and improved realizations, particularly from the 24K projects in Pune.
Key Highlights
- Yearly sales revenue of Rs. 2,822 crore, up 26% YoY
- Collections totaled Rs. 2,070 crore, growing 20% YoY
- New launches contributed around 63% of total pre-sales value for FY24
- Improved realizations from 24K projects in Pune