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Vipul Ltd posts net profit of Rs41.69 cr

Vipul Ltd posts net profit of Rs41.69 cr
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First Published: Tue, Jul 01 2008. 01 31 PM IST
Updated: Tue, Jul 01 2008. 01 31 PM IST
New Delhi: Vipul Ltd, a company engaged in real estate development, has recorded consolidated revenues of Rs288.49 crore for the period March 31, 2008 an increase of 35% from Rs 214.37 crore in FY07.
EBITDA for FY08 stood at Rs73.76 crore, up by 7.87% as compared to Rs68.38 crore in the corresponding period last year. Net profit for the year stood at Rs41.69 crore, as against Rs41.57 crore in FY07. EPS for FY08 stood at Rs7.28.
For Q4 FY08, Vipul recorded revenues of Rs 81.07 crore, an increase of 49% from Rs54.29 crore in Q4FY07. EBIDTA stood at Rs20.23 crore, against Rs22.42 crore in Q4 FY07. Net profit for the period stood at Rs9.25 crore. The non annualized EPS for the quarter was Rs1.81. Operating margins in the quarter stood at 25% and net margins stood at 11.41%.
The company has recommended a dividend of 17.50% which works out to Rs0.35 per equity share of Rs2 each for the year 2007-2008, subject to the approval of the shareholders.
So far Vipul has delivered about 6.5 million sq ft (including JV’s) and is presently working on an area of about 10 million sq ft in Gurgaon, Manesar, Dharuhera, Ludhiana, Bhubaneswar and Nagpur.
The company has its presence in all verticals of real estate- commercial, residential, hotel, office space and SEZ, which includes all major cities like Gurgaon, Manesar, Dharuhera, Mohali, Amritsar, Ludhiana, Bhubaneswar, Hyderabad, Nagpur, Siliguri and Kolkata.
During the year, the company received capital infusion worth Rs234 crore through stake sale of 14.95%, to a U.S based financial institution Wachovia Corporation.
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First Published: Tue, Jul 01 2008. 01 31 PM IST