Shares of VRL Logistics saw an 11% rise in early trade after the company announced its financial results for the fourth quarter. As of 9:31 AM, the shares were trading 11.61% higher at Rs 623.90.
The company’s net profit for the quarter came in at ₹74.3 crore, significantly higher than ₹21.5 crore in the same period last year.
Revenue increased modestly by 5.3% year-on-year, reaching ₹809 crore compared to ₹768.4 crore in the corresponding quarter of the previous fiscal. The company also reported an improvement in its operating performance, with EBITDA rising to ₹186.6 crore from ₹105.5 crore a year ago. This led to an expansion in EBITDA margin to 23%, up from 13.7% in the same period last year.
VRL Logistics shares opened at ₹610 today, hitting a high of ₹631 and a low of ₹591.30. With this, the stock touched its 52-week high of ₹631, reflecting strong investor interest. The 52-week low stands at ₹433.20.
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