India's Kolte-Patil Developers jumps on posting Q2 profit

Kolte-Patil Developers

12/11/2024 09:14

** Shares of Kolte-Patil Developers  KOLT.NS  up around 4%
at 378 rupees      
    ** Real estate developer posts Q2 consol net profit of 97.4
million rupees ($1.2 million) compared to a loss of 253.1
million rupees a year earlier 
    ** Rev jumps 56% to 3.08 billion rupees 
    ** Stock sees busiest day in nearly a month, vols at 2x
their 30-day avg    
    ** Still, KOLT down 22.5% in 2024 vs a 21.5% and 14% rise in
larger rivals Macrotech Developers  MACE.NS  and Keystone
Realtors  KEYS.NS , respectively  


($1 = 84.4025 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((nishit.navin@thomsonreuters.com;))