Kolte-Patil jumps 8% on stellar performance in Q3

Pune-based real estate firm Kolte-Patil Developers has touched more than four and half years' high on Monday after stellar performance in the third quarter of FY13.

Consolidated profit after tax rose nearly 5 times year-on-year to Rs 30.5 crore in December quarter and revenues jumped 3 times to Rs 225.4 crore from Rs 73.91 crore during the same period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) too increased 3 times YoY to Rs 63 crore while operating profit margin went up by 200 basis points YoY to 28 percent.
 
Shares rallied 4.48 percent to Rs 131.80 at 9:39 hours IST on Bombay Stock Exchange.

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