Kolte Patil Developers registered  58% jump in sales in Q1 FY24

Kolte Patil Developers Limited registered a 58% jump in sales in Q1 FY24.

Sales and volumes have gone up on the back of a good response to the company’s new projects in Pune.

Sales volume for the quarter stood at 0.93 million square feet of development, up 52% compared to Q1 FY23.

Pune-based realtor Kolte Patil Developers Limited has registered sales of Rs 701 crore.

Up 58% in Q1 FY24, which ended June 30.

The company said this in a regulatory filing on July 13.

Collections from customers in the same quarter touched Rs 513cr an annual rise of 8%.

It was, however, 13% lower than the 589 crore registered in Q4 FY23.