Page 28 - Kolte Patil AR 2019-20
P. 28

#1 Managing receivables

                          We strengthened our cash

                          flows through increased

                          collection efficiency,

                          quicker construction,

                          faster sales and lower debt

                          In FY20, marked by lower income growth for individuals
                          and stressed cash flows for businesses, it would have been
                          reasonable to believe that collections for a real estate Company
                          like Kolte-Patil would be lower. On the contrary, the Company
                          reported its highest collection in three decades

            26 | Kolte-Patil Developers Limited
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