New Delhi: Real estate developer Vipul Ltd has posted revenues of Rs210.28 crore for nine months period ended 31 December 2007. EBITDA stood at Rs53.76 crore, up 18.45% against Rs45.38 crore in corresponding period last fiscal. Net profit stood at Rs32.71 crore, up 11.7%. The diluted non-annualized EPS at the end of the period was at Rs5.52 per share of Rs2.
Operating margins in the quarter fell 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 the new markets.”