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Kolte-Patil Developers Ltd — Call Transcript 2023
Feb 2, 2023
59438_rns_2023-02-02_9135d97e-6a87-42de-b605-e34a501db72c.pdf
Call Transcript
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Kolte-Patil Developers Ltd. Q3 FY23 Earnings Conference Call On Tuesday, February 7, 2023 at 3:30 PM IST
Kolte-Patil Developers Ltd. (KPDL) , a leading Pune based real estate developer, with growing presence in Mumbai and Bengaluru, will host a conference call for investors and analysts on , February 7, 2023 at 3:30 PM IST to discuss its results and developments for the third quarter FY2023. The financial results will be announced on February 6, 2023.
Senior management of KPDL will be present to address the call.
Details of the conference call are as follows:
| Timing | 3:30 PM IST Tuesday, February 7, 2023 |
|---|---|
| To enable participants to connect to the conference call without | |
| having to wait for an operator, please register at the below | |
| mentioned link. | |
| Pre-registration | |
| You will receive dial in numbers, passcode and a pin for the con- | |
| call on the registered email address provided by you. Kindly dial | |
| into the call on the Conference Call date and use the passcode & | |
| pin to connect to call. | |
| Universal Dial-in Number (India) | +91 22 6280 1102+91 22 7115 8003 |
| Hong Kong Local Access Number | 800 964 448 |
| Singapore Local Access Number | 800 101 2045 |
| UK Local Access Number | 0 808 101 1573 |
| USA Local Access Number | 1 866 746 2133 |
Please dial the above numbers 5-10 minutes prior to the scheduled start to ensure that you are connected to the call in time.
About Kolte-Patil Developers Limited
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing presence in Mumbai and Bengaluru. Kolte-Patil is a trusted name with a reputation for high quality standards, design uniqueness, corporate governance, transparency and timely delivery of projects. The company has developed and constructed over 50 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of ~23 million square feet across Pune, Mumbai and Bengaluru. The Indian Green Building Council (IGBC) has certified several of the company’s projects. KPDL markets its projects under two brands: ’Kolte-Patil’ (addressing the mid-income segment) and ‘24K’ (addressing the premium luxury segment).
Consolidating its leadership position in Pune, the company forayed into the Mumbai market in 2013 focusing on society re-development projects that have lower capital intensity. The company signed ten projects (two completed, three recently launched, five future projects) till date at prime locations across the city.
KPDL has seamlessly navigated varied economic cycles enabled by one of the lowest debt levels in the sector. The Company’s long-term bank debt has been rated ‘A+ / Stable’, short-term bank loan facilities as A1 and non-convertible debentures as A+/Stable by CRISIL.
The Company’s growth trajectory, internal processes and corporate governance practices have benefitted from partnerships with marquee financial institutions like KKR, JP Morgan Asset Management, Portman Holdings, ASK Capital, Motilal Oswal, ICICI Ventures and Planet Smart City.
Over the years, KPDL has received multiple awards and recognitions including Asia’s Greatest Brand 2017 by AsiaOne, The Economic Times - The Game Changers of Maharashtra 2018, Times Realty Icons - Best Realtor 2019, CNN NEWS18 - Developer of the Year Residential 2019, ET Now – Most Trusted Brand India’s 2019, Top Challengers 2019-20 by Construction World Global Awards Online, Trusted Brand of the Year, Times Realty, 2021-22 and Residential High Rise Architecture India2021, Asia Pacific Property Awards (IPA).
For more details on Kolte-Patil Developers Ltd., visit www.koltepatil.com.
For further information please contact
| Shiv Muttoo / Smit Shah | |
|---|---|
| Dipti Rajput, CFA | Adfactors PR |
| VP – Investor Relations | Oasis Complex, Kamala Mills Compound, City |
| Kolte-Patil Developers Ltd. | Hall, Pandurang Budhkar Marg, Lower Parel |
| 1101, The Capital, BKC, Bandra (E), Mumbai | West, Mumbai – 400021 |
| Tel - +91 74004 81432 | Tel: +91 98335 57572 / +91 9870789596 |
| Email –[email protected] | Email:[email protected] |
| [email protected] |
Disclaimer
Certain statements that may be made or discussed at the conference call may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation, labour relations etc. Actual results might differ substantially from those expressed or implied. Kolte-Patil Developers Limited will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.