Buy Kolte-Patil Developers, target price Rs 1610: Motilal Oswal

Motilal Oswal has buy call on Kolte-Patil Developers with a target price of Rs 1610. The current market price of Kolte-Patil Developers is Rs 557.1.

Kolte-Patil Developers Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 3932.85 Crore) operating in Real Estate sector.

Kolte-Patil Developers Ltd. key Products/Revenue Segments include Income from Sale of Commercial Flats, Shops & Plots, Other Operating Revenue, Land and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 83.70 Crore, down -59.14 % from last quarter Total Income of Rs 204.86 Crore and down -77.65 % from last year same quarter Total Income of Rs 374.46 Crore. Company reported net profit after tax of Rs -59.54 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.45 per cent stake in the company as of 31-Dec-2023, while FIIs owned 2.59 per cent, DIIs 4.51 per cent.