April 30, 2013 / 15:39 IST
Pune-based Kolte-Patil Developers' fourth quarter (January-March) consolidated net profit jumped 4.35 times year-on-year to Rs 50.5 crore, helped by other income and better sales.
Consolidated net sales increased 2.3 times to Rs 203 crore from Rs 87.3 crore during the same period.
Meanwhile, other income grew by 4.4 times Y-o-Y to Rs 17.6 crore in March quarter.
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Mumbai foray to aid in margin expansion: Kolte-PatilReal estate developer sold 0.44 million square feet area during the quarter, which was worth Rs 214 crore.
"We received approvals for 1 million sq ft of new launches in fourth quarter," the management in a release said.
At 14:33 hours IST, the stock was quoting at Rs 100.90, up 1.05 percent amid large volumes on Bombay Stock Exchange.
Trading volumes rose 12 times to 9,71,239 equity shares as compared to its five-day average of 79,561 shares.
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