HDFC Securities: Kolte Patil Developers - All Eyes On Launches
High rise buildings stand under construction. (Photographer: Sanjit Das/Bloomberg)

HDFC Securities: Kolte Patil Developers - All Eyes On Launches

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

Kolte Patil Developers Ltd.’s relative underperformance continued in Q2 FY21 with pre-sales of 0.35 million square feet (down 30% YoY, up 13% QoQ), at a value of Rs 1.9 billion.

Life Republic project in Pune continues to dominate the pre-sales (29% of pre-sales).

Collections were also lower-than-expected at Rs 2 billion (down 35% YoY).

On the positive side, labour availability has improved to 80% and collections in October (Rs 1.1 billion) were at pre-Covid-19 level.

Click on the attachment to read the full report:

HDFC Securities Kolte Patil Developers Q2FY21 Results Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.