Kolte-Patil Developers Surges 4.3% on Q3 Profit Turnaround

Kolte-Patil Developers Ltd (KOLT.NS) shares jumped 4.3% on Wednesday, February 12, 2025, following the company's impressive Q3 FY25 results. The real estate developer reported a net profit of ₹25.3 crore, marking a significant turnaround from a ₹62.9 crore loss in the same quarter last year. Revenue soared 361.35% year-on-year to ₹349.7 crore, driven by strong project execution and sales momentum. EBITDA improved to ₹25.6 crore with a 7.3% margin. The company's performance was further bolstered by a recent ₹4,000 crore project announcement in Pune, showcasing its robust growth trajectory in the real estate sector.

Sources: CNBC TV18, Economic Times, Kolte-Patil Developers Press Release