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