Kolte – Patil Developers announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Kolte – Patil Developers Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Kolte – Patil Developers Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -40.34 %. However, it did see a marginal slip of -35.27 % from the previous quarter. Expenses decreased slightly by -41.66 % quarter-on-quarter, aligning with the annual decline of -34.92 %. Operating profit, while down -69.23 % compared to last year, faced a quarter-on-quarter increase of 376.69 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.65 %, but an expansion of 10.06 % sequentially. Other income rose by 794.74 % compared to the last quarter, despite an annual growth of 61.9 %. Interest expenses dropped significantly by -10.81 % from the previous quarter, yet the year-over-year decrease remains at a moderate -48.87 %. Depreciation costs fell by -72 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.6 %. Profit before tax declined annually by -71.04 % but saw an increase from the preceding quarter by 137.6 %.
Tax expenses as a percentage of profits increased slightly by 55.23 % compared to last year, with a more notable quarter-on-quarter increase of 116.67 %. Net profit fell by -86.72 % year-on-year but experienced a 124.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -86.45 % but a quarterly rise of 122.97 %. In summary, Kolte – Patil Developers Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Kolte – Patil Developers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -40.34 % year-on-year, although there was a slight dip of -35.27 % from the previous quarter. Expenses decreased by -34.92 % compared to the previous year, with a decrease of -41.66 % quarter-on-quarter. Operating Profit dropped by -69.23 % annually, and saw a 376.69 % increase from the last quarter.
Net Profit showed yearly decrease of -86.72 %, and experienced a 124.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -86.45 % annually, however rose by 122.97 % compared to the last quarter. In essence, while Kolte – Patil Developers Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.