Vipul Ltd (BSE: 511726), India’s leading real estate developer, has recorded a total revenues of Rs 81.44 Crore for the quarter ended September 30, 2008 depicting an increase of 62% from Rs 50.25 Crore in Q2FY08. EBITDA for the Q2FY09 stood at Rs 12.26 Crore, up by 21.20% as compared to Rs 10.12 Crore in the corresponding period last year. Net profit stood at Rs 6.75 Crore in Q2 FY09 compared to Rs 5.61 crore in Q2FY08. The EPS for Q2FY09 stood at Rs 1.13 compared to Rs 0.94 in the corresponding quarter last year.
Vipul Limited has so far delivered about 6.75 million sq ft (including JV’s) and is presently working on an area of about 10 million Sq. Ft. in Gurgaon, Manesar, Dharuhera, Ludhiana and Bhubaneswar.
Presently Vipul Ltd has a land bank of more than 1400 acres. The company has its presence in all verticals of real estate- Commercial, Residential, Hotel, Office Space and SEZ, which include all major cities like Gurgaon, Manesar, Dharuhera, Mohali, Amritsar, Ludhiana, Bhubaneswar, Hyderabad, Nagpur, Siliguri and Kolkata.
In FY08, the company had received capital infusion worth Rs. 234 crore through stake sale of 14.95%, to a US based financial institution Wachovia Corporation.
About Vipul Ltd
More information about the company is available on www.vipulgroup.in