Q3FY22 Earnings: Kolte-Patil Developers, Rupa & Company declare December Quarter results - key highlights here

More listed companies announce their December quarter results. In line with the previous announcements, two more companies today announced their Q3FY22 results during the market hours. The companies which announced results todat included Kolte-Patil Developers and hosiery firm Rupa & Company Limited.

Q3FY22 Earnings - Key Highlights!

Kolte-Patil Developers Q3 profit dips 76 pc to Rs 5.37 cr; revenue up 26pc to Rs 244.7 cr

Realty firm Kolte-Patil Developers Ltd has reported a 76 per cent decline in its consolidated net profit at Rs 5.37 crore for the quarter ended December.

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Its net profit stood at Rs 22.47 crore in the year-ago period.

Total income rose to Rs 244.7 crore in the third quarter of this fiscal year, from Rs 194.66 crore in the corresponding period of the previous year, according to a regulatory filing.

On the operational front, the company's sales bookings rose 77 per cent to Rs 561.3 crore during October-December quarter, from Rs 317 crore in the year-ago period.

Rahul Talele, Group CEO, Kolte-Patil Developers Ltd, said: "We have hit significant sales milestones in Q3 FY22, which has been our best-ever quarter in the last seven years both in terms of sales volume and value."

The company has now achieved sales value of Rs 1,238.4 crore in the first nine months of this fiscal year, up 83 per cent from Rs 675.6 crore in the year-ago period.

The sales bookings have already crossed the Rs 1,201-crore mark achieved in the full 2020-21 financial year.

"Overall, our business has the momentum to end FY22 on a strong note," he said.

Pune-based Kolte-Patil Developers Ltd also has presence in Mumbai and Bengaluru.

The company has developed and constructed over 50 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of around 20 million square feet across Pune, Mumbai and Bengaluru. 

Rupa & Co Q3 rises 34 per cent at Rs 58.3 crore

Net profit of hosiery firm Rupa and Company increased 34 per cent at Rs 58.3 crore in the third quarter of current fiscal as compared to Rs 43.4 crore in the same period the previous year, a company statement said on Wednesday.

Revenues of the company increased 25 per cent during the quarter at Rs 433.2 crore as compared to Rs 345.6 crore in the similar previous period.

EBITDA margins during the quarter increased 26 per cent at Rs 81 crore, the statement added.

Commenting upon the results, CEO of the company Dinesh Lodha was quoted as saying "we continue to build upon the momentum in our growth trajectory. There is a robust demand for the company's products in the market".