Vipul Ltd?s net sales up by 68.76%

New Delhi : Vipul Limited, one of India?s leading real estate companies, reported net sales of Rs. 89.93 crore for the quarter ended September 30, 2010 compared to Rs. 53.29 crore in corresponding period of last fiscal year, registered a growth of 68.76 %.

Net Profit for the quarter stood at Rs. 6.30 crore, a growth of 20.46 % as compared to Rs. 5.23 crore posted in the same period of last fiscal year. Earnings per share (EPS) stood at Rs. 0.52 (Face Value Re 1) as compared to Rs. 0.87(Face value Rs 2) in corresponding period of last fiscal year.

The operating margin for Q2 FY11 stood at 19.25%.

Net sales for the 6 months ended September 30, 2010 grew by 41.46 % to Rs. 170.84 crore as compared to Rs. 120.77 crore in the corresponding period of last fiscal year.

Earnings per Share (EPS) worked out to Rs. 0.80 (Face Value Re 1) as compared to Rs. 1.77 (Face value Rs 2) for the same period of last fiscal year. The operating margin for the 6 months ended September 30, 2010 was at 16.48%.