Realty firm Kolte-Patil Developers today reported 3 per cent decline in consolidated net profit at Rs 19.78 crore for the quarter ended December 31, 2014.
Its net profit stood at Rs 20.40 crore in the year-ago period, Pune-based firm said in a filing to the BSE.
Total income from operations, however, rose by 17 per cent to Rs 220.49 crore in the third quarter of this fiscal from Rs 188.13 crore in the corresponding period of the previous year.
Kolte-Patil Developers Group CEO Sujay Kalele said: "We continue to sustain our sales momentum recording an increase of 46 per cent YoY in our pre-sales to 0.64 million sq ft. We sold 439 units during the quarter - almost five units a day."
Kolte-Patil has developed and constructed 48 projects including 35 residential complexes, 9 commercial complexes, and 4 information technology parks covering a saleable area of over 10 million sq ft across Pune and Bengaluru.
The company has forayed into Mumbai property market.
