Kolte-Patil Developers Rebounds with Profit in Q2

Kolte-Patil Developers Ltd reported a net profit of Rs 10.34 crore for the September 2024 quarter, recovering from a Rs 26.23 crore loss last year. The firm's income increased significantly to Rs 320.96 crore, showcasing a robust financial turnaround for the prominent Pune-based real estate developer.

Kolte-Patil Developers Ltd announced a strong financial comeback in the September 2024 quarter, posting a consolidated net profit of Rs 10.34 crore. This marks a significant turnaround from the net loss of Rs 26.23 crore recorded during the same period last year.

The company's total income surged to Rs 320.96 crore in the second quarter, compared to Rs 204.86 crore in the corresponding quarter of the previous fiscal, as shown in their latest regulatory filing.

Based in Pune, Kolte-Patil is a prominent name in India's real estate development sector, illustrating resilience and growth through improved earnings and strategic advancements.

(With inputs from agencies.)