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


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