Name: Latest research reports of Kolte-Patil Developers Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Kolte-Patil Developers Ltd.
Rating: 5
Author: HDFC Securities

Kolte Patil Developers (2QFY17): Looking ahead. Maintain BUY

Buy: Kolte-Patil Developers Ltd.

Target

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.