Vipul Limited , a prominent real estate company, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance. The company also announced a significant change in its board composition.

Financial Performance

For the quarter ended September 30, 2025, Vipul Limited reported:

The company's revenue from operations showed a significant increase compared to the previous quarter (Q1 2025), which stood at Rs. 169.32 lakhs. However, the total income for Q2 2025 decreased from Rs. 1,349.40 lakhs in Q1 2025 to Rs. 1,131.14 lakhs.

Despite the revenue growth, Vipul Limited's net profit for Q2 2025 was Rs. 15.81 lakhs, recovering from a loss of Rs. 103.68 lakhs in the previous quarter.

Half-Year Results

For the half-year ended September 30, 2025, the company reported:

The half-yearly results indicate a challenging period for Vipul Limited, with the company recording a net loss of Rs. 87.87 lakhs for the first six months of the fiscal year 2025-26.

Board Changes

Vipul Limited announced the resignation of Ms. Vishaka Beriwala from her position as Non-Executive Non-Independent Director. The resignation, effective September 23, 2025, was attributed to her professional commitments. Ms. Beriwala, who is the daughter of Mr. Punit Beriwala (Managing Director, CEO & CFO of Vipul Limited), had been serving on the company's board.

Operational Highlights

The company's management highlighted several key points in their financial statement:

1. Vipul Limited's main business continues to be real estate, with operations primarily domiciled in India.
2. The company has filed for a scheme of amalgamation with several of its wholly-owned subsidiaries, which is currently pending adjudication with the National Company Law Tribunal (NCLT), New Delhi.
3. The company has not provided interest on advances received from certain customers, as negotiations for settlement are ongoing.
4. Vipul Limited has entered into an agreement for the sale of its stake in its wholly-owned subsidiary, M/s. High Class Projects Limited, which will now become an associate of the company.

Auditor's Observations

The limited review report by the company's auditors, JSUS & Associates, highlighted several points of attention, including:

1. The presence of substantial cheques in hand (Rs. 640.26 lakhs) collected from customers but not yet presented for encashment.
2. The exclusion of financial results from one associate company, Vipul Karamchand SEZ Private Limited, due to pending audits.
3. Non-provision of interest on certain unsecured borrowings and inter-corporate deposits, as negotiations with lenders are in progress.

These financial results and corporate actions reflect the complex operating environment in the real estate sector and Vipul Limited's efforts to navigate through various challenges while restructuring its operations.

Vipul Limited , a real estate company, has reported a significant turnaround in its financial performance for the second quarter ended September 30, 2025. The company posted an unaudited standalone profit of Rs 217.18 lakhs, marking a substantial improvement from the loss of Rs 67.87 lakhs in the previous quarter.

Financial Highlights

The company's revenue from operations for Q2 stood at Rs 794.50 lakhs, indicating a positive trend in Vipul's core business activities.

Board Changes

In a separate development, Ms. Vishaka Beriwala, who served as a Non-Executive Director, has resigned from her position effective September 23, 2025. Ms. Beriwala cited pre-occupations and professional commitments as the reasons for her departure, stating that these responsibilities restrict her from devoting adequate time to the company's affairs.

Financial Turnaround

The financial results show a significant improvement in Vipul's performance:

• Revenue from operations increased from Rs 169.32 lakhs in Q1 to Rs 794.50 lakhs in Q2.
• The company turned a loss of Rs 67.87 lakhs in Q1 into a profit of Rs 217.18 lakhs in Q2.

This turnaround suggests that the company's strategies may be yielding positive results, particularly in its real estate activities.

Looking Ahead

As Vipul navigates through the dynamic real estate market, investors and stakeholders will likely be watching closely to see if the company can maintain this positive momentum in the coming quarters. The resignation of a board member, while a notable change, does not appear to have impacted the company's financial performance in the short term.

Investors are advised to keep an eye on future announcements and financial reports from Vipul to gain a more comprehensive understanding of the company's long-term strategy and performance trajectory in the real estate sector.