Q1 2025 Kolte-Patil Developers Ltd Earnings Call Transcript
Key Points
- Kolte-Patil Developers Ltd (BOM:532924) achieved its highest ever quarterly collection of INR 612 crores, marking a 19% year-on-year growth.
- The company launched projects with a sellable area potential of close to 2 million square feet, translating into a GDV potential of around INR 1,500 crores.
- Strong response from customers for new project launches across Pune, indicating robust demand.
- The company has a strong pipeline of project launches with a total GDV of INR 8,000 crores planned for the current financial year.
- Net debt to equity stands at negative 0.05 as of June 30, 2024, indicating a strong liquidity position.
- EBITDA margin for the quarter stood at 8.2%, which is relatively low and indicates room for improvement.
- Revenue recognition and profits are dependent on the timing of project completion, which can lead to fluctuations in financial performance.
- The company faced delays in project approvals and launches, particularly in the Mumbai region.
- Legacy project delivery issues impacted margins in the past and continue to be a concern.
- The company has been maintaining a similar presales run rate for the past seven quarters, indicating a need for scaling up.
Ladies and gentlemen, good day, and welcome to Kolte-Patil Developers Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Savli Mangle from Adfactors PR. Thank you, and over to you, ma'am.
Thank you, Yusuf. Good evening, everyone, and thank you for joining us on the Q1 FY25 Results Conference Call of Kolte-Patil Developers Limited. We have with us Mr. Atul Bohra, Group CEO; and Ms. Dipti Rajput, Vice President, Investor Relations.
Before we begin, I would like to state that certain statements made in today's discussion may be forward-looking in nature and may involve certain risks and uncertainties. A detailed statement in this regard is available in the Q1 FY25 results presentation that has been shared with you earlier.
I would now like to invite Ms. Dipti Rajput, to begin proceedings of the call. Over to you, Dipti.
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