Page 28 - Kolte Patil AR 2019-20

#1 Managing receivables

We strengthened our cash

flows through increased

collection efficiency,

quicker construction,

faster sales and lower debt

In FY20, marked by lower income growth for individuals
and stressed cash flows for businesses, it would have been
reasonable to believe that collections for a real estate Company
like Kolte-Patil would be lower. On the contrary, the Company
reported its highest collection in three decades

26 | Kolte-Patil Developers Limited