Kolte-Patil Developers spurts after impressive Q1 results

Kolte-Patil Developers jumped 14.37% to Rs 238 at 14:51 IST on BSE after consolidated net profit surged 71.48% to Rs 130.76 crore on a 49.95% rise in net sales to Rs 585.68 crore in Q1 June 2019 over Q1 June 2018.

The result was declared during trading hours today, 6 August 2019.

Meanwhile, S&P BSE Sensex was up 468.26 points or 1.28% at 37,168.10.

On BSE, 75,000 shares were traded in Kolte-Patil Developers counter, compared to a 2-week average of 1,983 shares. The stock hit an intraday high of Rs 242 and an intraday low of Rs 208.05. It hit a 52-week high of Rs 317 on 14 September 2018 and a 52-week low of Rs 196 on 5 August 2019.

 

Kolte-Patil Developers' collections increased 11% to Rs 343.10 crore this quarter as against the same quarter last fiscal year.

Kolte-Patil Developers is a real estate company with presence in the Pune residential market.

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