Page 49 - Kolte Patil AR 2019-20

Outcomes

Profitable growth: We reported profitable growth
in four of the last four years ending FY20. We did
not sacrifice cash flows while chasing topline,
which was the result of a positive interplay of four
business drivers (approvals, sales, construction and
delivery).

Financial leverage: We enjoyed a creditable credit-
rating (A+/Stable) from CRISIL (one of the highest
ratings accorded by CRISIL to any listed residential
real estate player in India) despite sectorial
sluggishness.
Human resources: We reported high people
retention at 83% in FY20.

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