VRL Logistics shares saw a significant surge of 16% following the company’s announcement of its strong Q3 results. As of 9:28 AM, the shares were trading 16.42% higher at Rs 543.40.
The logistics firm reported a notable 12% growth in revenue, reaching Rs 825 crore, compared to Rs 737 crore in the same quarter last year. The EBITDA also witnessed a remarkable increase of 76.4%, rising to Rs 166 crore from Rs 94.3 crore in the previous year, indicating the company’s enhanced operational efficiency.
The company’s EBITDA margin improved sharply to 20.2%, up from 12.8%, reflecting its solid cost management and improved profitability. In terms of net profit, VRL Logistics posted Rs 59.42 crore, a substantial rise from Rs 13.7 crore in the corresponding period of the previous year.
VRL Logistics shares recently opened at ₹535.00, with a high of ₹560.10 and a low of ₹530.00 during the session. The stock has a 52-week high of ₹705.00 and a 52-week low of ₹433.20, reflecting its price range over the past year.
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