VRL Logistics Limited has announced its unaudited financial results for the quarter and nine months ending December 31, 2024. The company’s Board of Directors approved the financial results at their meeting held today, complying with SEBI’s Listing Obligations and Disclosure Requirements.
Financial Performance Overview
The company reported its financial performance in line with Indian Accounting Standard 34, ensuring compliance with the Companies Act, 2013. The unaudited financial results, along with the Limited Review Report from the auditors, have been made available for public reference.
Key highlights of the financial results include:
- Steady revenue generation from its core Goods Transport Business, which remains the company’s sole operational segment.
- A gain of ₹1,136.77 lakhs recorded from the sale of an immovable property to a promoter group company.
- The absence of any subsidiary, associate, or joint venture entities in its portfolio as of December 31, 2024.
Despite a prior intimation on January 21, 2025, the Board decided not to declare a second interim dividend for the financial year 2024-25. Investors were anticipating a potential payout, but the decision reflects the company’s strategic financial planning.
- In Q1 FY25, VRL Logistics sold land and a building to a promoter group company for ₹1,488 lakhs.
- In the previous financial year, the company exited its Passenger Air Transport Business, completing its sale for ₹1,700 lakhs in July 2023.
