Kolte-Patil Developers has soared 8% to Rs 136, its highest level since February 2008, after reporting almost five-fold jump in consolidated net profit at Rs 38.86 crore for the quarter ended December 31, 2012 (Q3) on back of higher sales income. The Pune-based real estate company had profit of Rs 6.29 crore in a year ago quarter.
“Total income from operations jumped 205% at Rs 225 crore from Rs 74 crore during the recently concluded quarter,” Kolte-Patil Developers said in a statement.
The stock opened at Rs 128 on NSE and has seen a combined 398,414 shares changing hands on the counter in opening deals on both the exchanges.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app