VASA Retail and Overseas reported annual revenue of Rs.38.96 crore in FY2019 which is higher by 128% compared to last year.

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VASA Retail accounts remarkable financial performance for the financial year ended March 31, 2019. The company earned a net profit of Rs.1.53 Crore compared to Rs.56 Lakhs in FY18.

The Company's Total Revenue for the second half of FY19 stood at Rs.20.78 Cr. compared to Rs.18.28 Cr. in the first half year ended on 30th September 2018. The net profit for this period (H2FY19) stood at Rs.77.88 lakhs compared to Rs.75. 19 lakhs in H1 of FY19.

In the fiscal year 2019 VASA Retail's EBIDTA went up by 51.91 % YoY to Rs.3.34 crores while EBIDTA Margin stood at 9.40% in FY'18. PAT Margin improved by 3.93% compared to 3.28% in FY18.

Board of Directors at VASA Retail and Overseas Ltd. recommended 2.5% dividend of Rs.0.25 per equity share of Rs.10/ each.

Mr. Hardik Vasa, Chairman, Managing Director and Promoter, VASA Retail and Overseas Ltd said '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.' He further added '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'.

Incorporated on October 20, 2017, VASA Retail and Overseas Ltd has been in the business of art materials and stationery products, executive bags and bag fabric since the year 1994.

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