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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