Vipul Limited announces Q3 results

Company Brief

New Delhi, February 01, 2010

Vipul Limited, India's one of the leading real estate company reported net sales of Rs. 70.43 crore for the quarter ended December 31st 2009 as compared to Rs. 50.79 crore in the corresponding quarter of last fiscal, registered a growth of 39 %.

Net Profit for the quarter was at Rs. 6.76 crore, grown by 22 %, as compared to Rs. 5.54 crores posted in the corresponding quarter of last fiscal. Earnings per share (EPS) for the quarter stood at Rs. 1.13 as compared to Rs. 0.92 in the corresponding quarter of last fiscal.

The operating margin for the quarter stood at 25% as compared to 27% in the corresponding quarter of last fiscal, registered a decline of 2 bps.

Consolidated Net sales for the nine months ended December 31st, 2009 was at Rs. 191.21 crores. PAT for the nine months ended December 31st, 2009 was at Rs. 17.56 crores and EPS stood at Rs. 2.93.

The operating margin for the nine months ended December 31st, 2009 stood at 24.74%.

Commenting on the results Mr. Punit Beriwala, Managing Director said, "The Indian real estate market has shown sings of recovery in the last quarter. The same has started building up in the form of revenue growth for the Company. However, the entire impact on the financials will take some more time and we are hopeful for better performance in the subsequent quarters."

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