Kolte-Patil Developers Ltd.

NSE: KOLTEPATIL | BSE: 532924 | ISIN: INE094I01018 | Industry: Realty
| Momentum Trap

HDFC Securities
Kolte Patil Developers Ltd. (KPDL) delivered 2QFY17 Revenue, EBIDTA & Net Profit, 19.6/(2.0)/0.1% ahead of our estimate. Tuscan and Jazz were key project driving revenue growth. The impact of demonetization would reflect in 2HFY17E. Accordingly, we have re-calibrated our FY17-18E EPS estimate 5-21% lower to factor in the same.
Kolte-Patil Developers Ltd. is trading above its 100 day SMA of 331.1
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