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Read more about Stocks to watch: BHEL, SAIL, Yes Bank, National Fertilizers, Cosmo Films on Business Standard. A total of 57 companies are slated to post their quarterly numbers today, including BEML, BHEL, Cochin Shipyard, DLF and Edelweiss Financial Services
Read more about Kolte Patil reports Q4 PAT at Rs 21 cr on Business Standard. On a consolidated basis, Kolte-Patil Developers' net profit stood at Rs 20.90 crore in Q4 FY21 compared with net loss of Rs 2.18 crore in Q4 FY20.
Kolte-Patil Developers rose 2.31% to Rs 230.45 after the real estate developer announced the signing of two new projects in Pune under the development management model.The two projects have a combined saleable area of about 1.3 million square feet (msf). The company expects development management (DM) fees of approximately Rs 80 crore. As the development manager, Kolte-Patil will lend its brand to these projects and jointly collaborate with the land owners to oversee product design, sales and marketing, project quality and cash flow management leading to time-bound handover to buyers. The pro...
The equity barometers continued to hover near the day's high in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, soared 603.51 points or 1.24% at 49,336.06. The Nifty 50 index added 175.25 points or 1.19% at 14,853.05. HDFC Bank (up 2.58%), ICICI Bank (up 3.55%) and Housing Development Finance Corporation (HDFC) (up 1.91%) boosted the indices. In the broader market, the S&P BSE Mid-Cap index rose 1.23%. The S&P BSE Small-Cap index gained 1.27%. Buyers outpaced sellers. On the BSE, 1,970 shares rose and 1,043 shares fell. A total of 211 shares were unchanged. Foreign por...
The volume of Kolte-Patil Developers jumped 27.1% to 0.85 million square feet (sq. ft.) in Q4 FY21 over 0.67 million sq. ft. in Q4 FY20. Strong sales momentum sustained in Q4 FY21 across regions, projects and product categories. Sale value surged 42.7% to Rs 510.90 crore in Q4 FY21 as against Rs 358.10 crore in Q4 FY20. Sales realization soared 12.3% to Rs 5,988 per sq. ft. in Q4 FY21 from Rs 5,333 per sq. ft. in Q4 FY20. Realizations improved both in Q4 and FY21 due to increased contribution from Mumbai portfolio. Collections spurted 16.8% to Rs 441.50 crore in Q4 FY21 as compared to Rs 37...