The result was announced on Saturday, 26 October 2013.

Meanwhile, the BSE Sensex was up 46.41 points, or 0.22%, to 20,729.93.

On BSE, 49,000 shares were traded in the counter compared with average volume of 75,914 shares in the past one quarter.

The stock hit a high of Rs 81 and a low of Rs 79.20 so far during the day. The stock hit a 52-week high of Rs 136.35 on 21 January 2013. The stock hit a 52-week low of Rs 49.40 on 6 August 2013.

The stock had outperformed the market over the past one month till 25 October 2013, rising 20.70% compared with the Sensex's 4.17% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.85% as against Sensex's 4.44% rise.

The small-cap company has an equity capital of Rs 75.77 crore. Face value per share is Rs 10.

Consolidated EBITDA (earnings before interest taxes depreciation and amortization) jumped 73% to Rs 60 crore in Q2 September 2013 over Q2 September 2012. EBITDA margins expanded by 14 percentage points to 32% in Q2 September 2013 over Q2 September 2012.

Kolte-Patil Developers said it reported new sales bookings of 0.45 million square feet (msf) in Q2 September 2013, compared with 0.45 msf in Q1 June 2013 and 0.83 msf in Q2 September 2012.

Value of area sold stood at Rs 260 crore in Q2 September 2013, compared with Rs 215 crore in Q1 June 2013 and Rs 340 crore in Q2 September 2012.

Average sales price realization stood at Rs 5737 per square feet (sq. ft.) in Q2 September 2013, compared with Rs 4783 per sq. ft. in Q1 June 2013 and Rs 4072 per sq. ft. in Q2 September 2012.

Kolte-Patil Developers said it forayed into Mumbai market with a redevelopment project on Khar Linking road. The company said it launched four projects in Pune to develop a total of 1.8 million sq. ft.

Mr. Sujay Kalele, Group CEO, Kolte-Patil Developers said, "We have delivered yet another strong performance in a seasonally weak quarter. Our sales momentum has been encouraging having recorded 0.9 msf. of new area sales in the first half of the year despite a challenging approval scenario. We forayed into the Mumbai market during the quarter with our first project on Khar-Linking Road in the redevelopment space. We plan to expand judiciously in this market based on the same principles and strategies that have driven our successes till date. The quarter further saw the launch of four new projects in Pune to the tune of 1.8 msf. These along with subsequent new launches expected in Q3, will translate into an uptick in sales volume in the second half and enable us to maintain our annual run-rate of approximately 2.5 msf. Going forward we are focused on consolidating our market leadership in Pune and expanding our presence in Bangalore and Mumbai, while maintaining our focus on high quality, timely delivery and cash flows."

Kolte-Patii Developers is a leading Pune-based real estate company incorporated in 1991. The company has developed and constructed 42 projects including 30 residential complexes, 8 commercial complexes, and 4 information technology parks covering a saleable area of over 8 million square feet across Pune and Bengaluru.