Skip to main content

VASA Retail FY19 Net profit rises 173 %

Total revenue up 128% to Rs. 38.96 cr.
BOD Recommends 2.5% Dividend of Rs. 0.25 per equity share of Rs 10/ each

VASA Retail and Overseas Ltd, engaged in the retail business, manufacturing, trading a wide range of stationeries and raw materials, has reported remarkable financial performance for the financial year ended March 31, 2019 and the second half of FY19. The total revenue for the full year FY19 rose by 128% to Rs. 38.96 Crores compared to Rs.17.08 Crores reported in the corresponding last financial year of FY18.  The Net Profit for the full year ended March 31, 2019 grew rises 173 % to Rs. 1.53 Crore compared to Rs 56 Lakhs posted in FY18.

The Company’s Total Revenue for the second half year of FY19 stood at Rs. 20.78 Cr. compared to Rs. 18.28 Cr. reported in the first half year ended 30th September 2018. The net profit for this period (H2FY19) stood at Rs. 77.88 lakhs compared to Rs. 75. 19 lakhs posted in H1 of FY19.
In the fiscal year 2019 Company’s EBIDTA went up by 51.91 % YoY to Rs 3.34 crores while EBIDTA Margin stood at 8.56% compared to 9.40% in FY’18.PAT Margin improved to 3.93% compared to 3.28% in FY’18

Mr. Hardik Vasa, Chairman, Managing Director and Promoter, VASA Retail and Overseas Ltd said “We are really happy with the remarkable financial performance of the company in FY19. The Board of Directors of the Company has recommended 2.5% dividend of Rs. 0.25 per equity share of Rs.10/each, for the financial year ended 31 March 2019. The Company was able to grow at over 125% on account of increased market penetration and demand for our quality stationery products among students and offices. Education as a whole has become high priority among parents. . With a wide range of star products such as Stationery, Copier paper, Bags, other types of Paper, the Company is positively looking forward to grow its market share by client acquisitions and other modes of entering into foreign markets. Presently, Company has a client base of approximately 120 overseas clients, has top seller tie ups with 850 stores which include Modern and Traditional Retail Outlets and has the contract of tie up with University Of Oxford and has the privilege of being a master licensee for 24 countries which include SAARC, Middle- East and North African countries”   

Comments

Post a Comment

Popular posts from this blog

TBZ unveils its Bridal Collection – Designed for Desire!

Post a Comment
Read more

PC Jeweller introduces ‘luxury with literature’ lounge concept ahead of Diwali celebrations

PC Jeweller has enthralled full swing into preparations with new innovations and beautification ahead of the most awaited festival of the year Diwali. To begin the same, PCJ has reworked its flagship store in Karol Bagh’s Bank Street and has also introduced a new concept of ‘Luxury with Literature’ Lounge for the elite high end customers the company caters to. The official curtain raiser for the showroom was held with much fervour and cheering. On the concept, Mr. Balram Garg, MD, PCJ explains, “The Karol Bagh showroom is the place from where PCJ started its legacy so a lot of sentiments attached to it. We thought to rework the whole place to bring in the contemporary look as we put in our designs. A customer when enters the showroom should immediately connect to the place and should be motivated to buy and not feel like just another shop. We have tried to bring in all the comfort factors, more innovative designs, prominent and soothing interiors which can involve the buyer into t
Post a Comment
Read more

President of Zanzibar visits Everest Spices Manufacturing Facility in Mumbai

Everest Spices signs MOU with Zanzibar to set up spices manufacturing unit in Africa Mumbai, February 10, 2014: Everest Spices, India’s leading spice manufacturer, distributor and marketer, signed an MOU with Zanzibar to set up its first overseas spices manufacturing unit in the African country. The MOU was signed on the occasion of the visit of His Excellency Dr. Ali Mohammed Shein, President of Zanzibar & Chairman of the Revolutionary Council (Zanzibar), visited the ultra modern Manufacturing facility of Everest Spices (makers of Everest Masala), a leading manufacturer and distributor of spices in Mumbai. He was given a warm reception on his arrival by Mr. Vadilal Shah, Chairman together with Mr. Sanjeev Shah & Mr. Rajeev Shah, Executive Directors, Everest Spices. His Excellency Dr. Ali Mohammed Shein, President of Zanzibar & Chairman of the Revolutionary Council (Zanzibar), said, “This is my second visit to India and we, in Zanzibar & Tanzania have been
Post a Comment
Read more