Vipul Q1 Results Revenue Falls to ₹1,854.87 Lakhs and Profit After Tax Decreases to ₹180.92 Lakhs

Vipul Q1 Results: Vipul announced its financial results for the first quarter ending June 30, 2024, on July 12, 2024. The company reported a significant decrease in total revenue, which fell by approximately 92.6% from ₹24,969.49 lakhs in the previous quarter to ₹1,854.87 lakhs.

This sharp decline in revenue reflects a challenging period for the real estate developer, with a corresponding drop in profit before tax, which decreased from ₹22,924.41 lakhs to ₹180.92 lakhs.

Despite the revenue downturn, Vipul's profit before tax for Q1 2024-2025 showed a notable increase compared to the previous quarter, suggesting improved operational efficiency amidst reduced revenues. The company's net profit for the period stood at ₹180.92 lakhs, compared to ₹20,271.86 lakhs in the last quarter, representing a decline of about 99.1%.

Additionally, the earnings per equity share were reported at ₹0.15, down from ₹16.90 in the previous quarter, indicating the financial impact of the revenue reduction on shareholder returns.

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Vipul Q1 Results 2024 - 2025

Here is a summary of Vipul's financial results for Q1 2024-2025:

Source: Click Here

Vipul Current Market Overview

Vipul's current market overview shows its stock trading at ₹37.00, with a recent increase of 2.35%. The company, listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), has a market capitalization of ₹522 crore.

The stock has ranged between ₹53.00 and ₹13.20 in recent times. With a low Price-to-Earnings (P/E) ratio of 2.12 and strong financial metrics, including a high Return on Capital Employed (ROCE) of 68.0% and an impressive Return on Equity (ROE) of 101%, Vipul shows strong performance, though it currently does not offer a dividend.

Quarterly Results

Here's a table showing Vipul's financial performance for the recent quarters:

For the quarters ending December 2023, March 2024, and June 2024, the following key figures are reported:

About Vipul 

Vipul is a real estate development company based in Gurugram, India. Established in 1991, it is part of the larger Vipul Group. The company specializes in creating residential, commercial, and retail properties, as well as integrated townships and gated communities.

Vipul's projects span several locations including Gurugram, Bhubaneswar, Ludhiana, and Faridabad. They focus on delivering high-quality developments that cater to various needs, from villas and office spaces to large-scale residential complexes.

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