VLS Finance Ltd, a leading NBFC (Non Banking Finance Company) in the country has announced its un-audited results for the quarter/half year ended December 31, 2007.
Q3 FY07-08/Q3 FY06-07
The Company has posted a net profit of Rs.5.45 crores up by 63% reported for the quarter ended December 31, 2007 (Q3 FY 07-08) as compared to Rs. 3.34 crores for the quarter ended December 31, 2006 (Q23FY 06-07). The Total Income for the company was at Rs.595.14 crores for Q3 FY 06-07.
The profit from ordinary activities for the company during the quarter has risen by 141% to Rs. 7.95 crores from Rs.3.95 crores reported earlier.
The EPS for the company in the quarter ended December 2007 was at Rs.1.37 up 63% from 0.84 reported in the corresponding quarter of the previous year.
The Company has posted a net profit of Rs.14.46 crores, a rise of 65% for the 9 Months ended December 31, 2007 (H1 FY 07-08) as compared to Rs.8.75 crores reported for the same period ended December 31, 2006 (H1 FY 06-07). The Total Income for the company during this period was at Rs.1407.07.
Speaking o the occasion Mr. S.K.Agarwal, Managing Director- VLS finance limited said, "We are in the consolidation phase backed by the effective risk management put in place by the company."
VLS Finance has carved for itself an enviable niche in the fiercely competitive financial sector in India. VLS is a multi-faceted multi-divisional integrated financial services group with major presence in almost all areas of financial services such as Asset Management, International Finance, Leasing & Hire Purchase etc.