Kolte-Patil Developers Sustains Significant Quarterly Loss
Kolte-Patil Developers Ltd reported a consolidated net loss of Rs 16.99 crore for the quarter ending June. This marked a decline from a Rs 6.23 crore profit in the prior year. Total income dropped sharply to Rs 96.81 crore from Rs 350.29 crore in the same period last year.
- Country:
- India
Kolte-Patil Developers Ltd announced a significant financial setback, reporting a consolidated net loss of Rs 16.99 crore for the quarter ending in June.
This is a notable downturn compared to the Rs 6.23 crore profit the company posted during the same period last year.
The real estate firm saw its total income drastically decrease to Rs 96.81 crore from Rs 350.29 crore, highlighting a challenging fiscal quarter.
(With inputs from agencies.)
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