Kolte Patil Developers booked a net profit of Rs 12.7 crore for Q2 FY15 (Rs 32.2 crore in Q2 FY-14) on a consolidated basis, a decrease of 61 per cent.
The decrease was on account of a 16.4 per cent decline in net sales to Rs 156.7 crore in Q2 FY-15 (Rs 187.4 crore in Q2 FY-14) and a simultaneous increase in the cost of administration, manpower and selling.