Page 33 - Kolte Patil AR 2019-20

Overview audits. The result was the ability to
In India’s real estate development achieve a high constructed integrity
sector, passing through a liquidity in line with the architect’s design,
challenge, there is a premium coupled with minimal rework.
on sustaining construction pace.
Companies that are able to sustain Culture
are better equipped to protect their At Kolte-Patil, this discipline
deadline-committed reputation. was built around an invigorating
There is a greater willingness culture. The Company’s
to buy ready-to-move-in homes, construction effectiveness was
making timely construction critical. derived from its ability to question Big numbers
Besides, timely construction and established practices, reinvent
handover have positive collection paradigms, introduce perspectives 1576
implications, strengthening and deliver bigger, better and faster.
financials, competitiveness and The result was a greater design Apartments handed over,
sustainability. standardisation (design / size /
rooms). Besides, the Company FY17
Performance automated the routine, simplified
During the year under review, the complex, templatised the 1601
the Company handed over simple and scaled the templatised.
1601 completed apartments to The result was scalable and Apartments handed over,
buyers. The completed handover predicable growth in the shortest FY20
amounted to 1.86 msf. This time with the least deviations.
protected the Company’s respect
as a professional systems-driven Standardisation 2.13
organisation, possessing the The Company created standardised
ability to protect its commitment products across every segment Msf, delivered, FY17
to customers, irrespective of the of presence (affordable, MIG,
prevailing sectorial weakness. 24K and township residences). 1.86
This enhanced clarity on product
Discipline configurations, resources and Msf, delivered, FY20
The timely handover of apartments deliverables. This simplified project
was not the result of initiatives fundamentals, accelerating project
undertaken during the last year; approvals. Besides, this dictated the Perspective
it was the result of a discipline selection of relevant technologies, “We believe in a model
strengthened by the Company creation of organisational wherein we buy, construct
over the last number of years. The benchmarks and best practices. and sell at a faster pace with
Company invested in equipment The result is that Kolte-Patil is a manufacturing mindset. As
mechanisation, processes, team widely respected as a disciplined a result, our ROCE, ROE and
training cum delegation, standard builder driven by efficient EBITDA margin are well placed
operating protocols, enhanced construction practices. compare to our peers while we
safety, IT-driven monitoring, cross- report around 18% to 20% CAGR
site best practices and periodic
growth in pre-sales, collections
The coming together of culture and discipline and top line. We have been
consistently generating free
cash flows, positioning us well
for the next level of business
development.” - Gopal Sarda,
Design Equipment Team Standard
standardisation mechanisation training and operating Group CEO
competence protocols

Enhanced IT-driven Sharing of Periodic
safety focus monitoring cross-site audits
best practices

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