by NR INDRAN / INT

Kolte-Patil Developers Ltd, BSE & NSE listed – a real estate developer with operations in Pune, Bengaluru and Mumbai and has released outstanding Unaudited Financial Results for the Quarter and half year – ended September 30, 2012.

The company has announced interim dividend of Rs 2/- per share for the current financial year. It was following the robust performance of the company which has been executing multiple real estate projects.

Mr. Rajesh Patil, Chairman & Managing Director of Kolte-Patil said, “We have seen robust sales and good execution on all our projects in Pune & Bengaluru. This coupled with focus in self-liquidating asset classes like residential has enabled us to post strong cash flow numbers. I am glad to share the value with our shareholders in the form of interim dividend. With a total of 1.6 million sq. ft. sold in half-year ended September 2012, we have established ourselves as the market leader in Pune in value and as well as the volume sold. The coming quarters will see new launches in Pune and Begaluru, which will help us maintain the momentum.

He further added, “We have already surpassed our performance of last financial year put together within first six months of this fiscal and we expect that same growth for remaining quarters of the current financial year.

Consolidated Financial highlights:

For the – half year ended -September 30, 2012

The revenue increased to Rs. 301.88 Crores compared to Rs. 88.64 Crores in the corresponding previous period. The Profits After Tax (PAT) increased by 121% to Rs. 31.87 Crores as against Rs. 14.38 Crores for the corresponding previous period. Earnings Per Share (EPS) increased toRs. 4.21 which was Rs. 1.90 in corresponding previous period.

For the quarter ended September 30, 2012

The company had arevenue growth of 292% for the quarter ended September 30, 2012. The revenue increased toRs. 198.60 Crores in the second quarter of fiscal 2012-13 from Rs. 51.19 Crores in the second quarter of previous fiscal. Pedestal on the robust sales growth, company’s Profit After Tax for the quarter ended September 30, 2012 has increased by136% to Rs. 19.60 Crores compared to 8.30 Crores for the corresponding quarter ended September 30, 2012. Earnings Per Share (EPS) for the second quarter is atRs. 2.59 which was Rs. 1.10 in corresponding previous quarter.

Headquartered in Pune Kolte Patil Developers Ltd. (KPDL) is among the top premier league of real estate developers in India. It has created a niche for its esteemed clients’ over two decades in terms of delivering residential, Commercial, IT &Integrated Township projects. KPDL has been on the forefront of developments with its trademark philosophy of ‘Creation and not Construction’. With over 8million square feet of landmark developments, KPDL has created a remarkable difference by pioneering new lifestyle concepts, leveraging cutting edge technology and creating insightful designs.

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