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Vipul records 12% increase in net profit for Q3 ‘07

Vipul records 12% increase in net profit for Q3 ‘07
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First Published: Mon, Jan 21 2008. 05 53 PM IST
Updated: Mon, Jan 21 2008. 05 53 PM IST
New Delhi: Vipul Ltd, a leading real estate developer has recorded revenues of Rs210.28 crore for nine months period ended December 31, 2007. EBITDA for the quarter stood at Rs53.76 crore, up by 18.45% as compared to Rs45.38 crore in the corresponding period last fiscal.
Net profit which stood at Rs32.71 crore, increased by 11.71% from Rs29.28 crore. The diluted non-annualized EPS at the end of the period ended was at Rs5.52 for Rs 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, 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 new markets.”
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First Published: Mon, Jan 21 2008. 05 53 PM IST