Realty Rocket: Multibagger small-cap stock reports a 335 per cent jump in net profit!

The stock is up by 34.70 per cent in 1 year, up by 45 per cent in 2 years and over 100 per cent in 3 years.

Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), a leading Pune-based real estate player, with a growing presence in Mumbai and Bengaluru, announced its results for the fourth quarter and full year ended March 31, 2023. Details below:

Financial Highlights for the Q4FY23: 

• Total Revenue stood at Rs 796.93 crore, up 111.91 per cent over Q4FY22. 
• Operating profit stood at Rs 180.91 crore, up 298.57 per cent over Q4FY22.  
• Profit After Tax stood at Rs 116.90 crore, up 335.87 per cent over Q4FY22.  
• The EPS for Q4FY23 stood at Rs 15.38.  

Financial Highlights for FY23:  

• Total Revenue stood at Rs 1,488.43 crore, up 33.20 per cent over FY22. 
• Operating profit stood at Rs 221.86 crore, up 8.11 per cent over FY22.  
• Profit After Tax stood at Rs 113.38 crore, up 31.17 per cent over FY22.  
• The EPS for Q4FY23 stood at Rs 13.48.  

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On Friday, shares of Kolte Patil Developers zoomed 2.80 per cent to Rs 305.20 per share with the day’s high of Rs 320.70 and the day’s low of Rs 303.10.

Kolte-Patil Developers Ltd builds residential housing, commercial complexes and mixed residential and commercial projects. The shares of the company saw a spurt in volume by more than 2.17 times on BSE.  

The stock is up by 34.70 per cent in 1 year, up by 45 per cent in 2 years and over 100 per cent in 3 years. Investors should keep an eye on this small-cap realty stock.