Vipul Ltd Q1FY09 net profit rises by 11% to Rs 8.89cr

Vipul Ltd (BSE: 511726), India’s leading real estate developer, has recorded  revenues of Rs 81 crore for the quarter ended June 30, 2008 an increase of 5% from Rs 77 crore in Q1FY08. EBITDA for the Q1FY09 stood at Rs 15.38 crore, up by 21% as compared to Rs 12.74 crore in the corresponding period last year. Net profit for the year stood at Rs 8.89 crore in Q1 FY09 as compared to Rs 8.00 crore in Q1FY08. The EPS for Q1 FY09 stood at Rs 1.48 compared to Rs 1.39 in the corresponding quarter last year.

The Company had recently announced the launch of Vipul Gardens, a Group Housing project at Dharuhera. The project is strategically located on NH-8 in Dharuhera, a 30min drive from Gurgaon. Vipul World Dharuhera would have a total built up area of approx. 1.00 Million Sq. Ft. and will showcase 635 apartments with a choice of living between 2 & 3 bedroom apartments. 

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