Kolte Patil

Kolte Patil hit a new 52-week high at Rs.136.35 and this was on the back of very good numbers for Q3FY13. On a YoY, the company posted a 3 times surge in revenues at Rs.225. EBIDTA was also up 3 times at Rs.63 crore with OPM at 28% v/s 26%. It ended the quarter with a net profit at Rs.30.5 crore, up almost 5 times. The market is extremely enthused with the numbers and the immediate target they expect is Rs.140 in the near term.

In the first nine months of FY13, the company sold about 2.2 million square feet which totals to about Rs 1,000 crore. The company has invested Rs.48 crore in importing construction technology from Korea. The performance has been so good that it rewarded all its employees with special incentives, which cost the company a one-time expense of Rs.3 crore. Its current order book is at Rs.1500 crore, to be realised over the next 3-4 quarters. Its consolidated debt position is at Rs.80 crore and consolidated cash position is at around Rs.175 crore. In the current fiscal, the company has already achieved 80% of its planned 2.5 million sq.feet and the target remains around the same levels for the next fiscal too. It expects to end FY13 with a topline of Rs.700 crore, revised upwards from the earlier estimate of Rs.600 crore and in FY14, it has guided a topline of Rs.900-1,000 crore.