Page 49 - Kolte Patil AR 2019-20
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                                  Profitable growth: We reported profitable growth
                                  in four of the last four years ending FY20. We did
                                  not sacrifice cash flows while chasing topline,
                                  which was the result of a positive interplay of four
                                  business drivers (approvals, sales, construction and

                                  Financial leverage: We enjoyed a creditable credit-
                                  rating (A+/Stable) from CRISIL (one of the highest
                                  ratings accorded by CRISIL to any listed residential
                                  real estate player in India) despite sectorial
                                  Human resources: We reported high people
                                  retention at 83% in FY20.

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