Vipul records 12% increase in net profit at Rs 32.71cr
Vipul Ltd, India’s leading real estate developer has recorded revenues of Rs 210.28 Crore for nine months period ended December 31, 2007. EBITDA for the quarter stood at Rs 53.76 Crore, up by 18.45% as compared to Rs 45.38 Crore in corresponding period last fiscal Net profit stood at Rs 32.71 Crore, increased by 11.71% from Rs 29.28 Crore. The diluted non-annualized EPS at the end of the period ended was at Rs 5.52 for Re 2 share
Operating margins in the quarter decrease to 30% from 37% in the corresponding period last fiscal. The net margins also saw an decrease to 16% as compared to 20% in last period.
Commenting on the company’s performance and future plans, Mr. Punit Beriwala, Managing Director, Vipul Ltd. said, While we are strengthening our presence across various demographies and verticals in India, we are now taking Vipul Ltd to next level of maturity by undertaking real estate development to the new markets.”
Sourced From: Adfactors Public Relations Pvt Ltd
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