Page 34 - Kolte Patil AR 2019-20

# 4 Strengthening financial sustainability

We protected the integrity

of our Balance Sheet

In India’s real estate sector, most players reported weaker
Balance Sheets in a challenging FY20. Kolte-Patil emerged as
the contrarian; the Company strengthened its Balance Sheet
through attractive profits and lower debt that protected its
credit-rating (arguably one of the highest in the sector).

Overview Company strengthened its Over the last four years
In a competitive real fundamentals through a while the Company reported
estate sector passing growing surplus and lower attractive growth in revenues,
through a sluggish phase, debt. PAT, sales and collections,
the biggest insurance is Strengthening there was no increase in net
derived from the quality of debt (reduced in fact) even
the Balance Sheet. During fundamentals as net worth increased C352
this challenging phase, the The Company reduced net Crore. This combination
debt by C83 Crore in FY20. helped right-size the Balance

32 | Kolte-Patil Developers Limited