VRL Logistics profit up by 34 Per Cent in Sept Quarter
Chirag Gothi / 02 Nov 2015
VRL Logistics, a leading pan-India surface logistics and parcel delivery service providers, posted a net profit (standalone unaudited) of Rs 28.99 crore, a strong increase of 33.9 per cent for the second quarter (Q2 FY16) ended September 30, 2015 as compared to Rs 21.65 crore in Q2 FY15.
VRL Logistics, a leading pan-India surface logistics and parcel delivery service providers, posted a net profit (standalone unaudited) of Rs 28.99 crore, a strong increase of 33.9 per cent for the second quarter (Q2 FY16) ended September 30, 2015 as compared to Rs 21.65 crore in Q2 FY15.
The total income from operations marginally declined 1.25 per cent to Rs 427.19 crore in Q2FY16 from Rs 432.56 crore in the corresponding quarter of previous fiscal year.
The segment revenue of the Goods transport business reported flat at Rs 342.76 crore in Q2 FY16. The segment revenue from Bus operations stood at Rs 68.69 crore in Q2 FY16, declined by 5.41 per cent on yearly basis. The segment revenues from sale of power declined to Rs 9.48 crore, a fall by12.1 per cent in the same period.
EBITDA or operating profit increased 6.35 per cent to Rs 69.45 crore in Q2FY16 as against Rs 65.30 crore in the corresponding quarter of previous fiscal due to EBITDA margins expansion by nearly 116 basis points to 16.26 per cent from 15.10 per cent.
In Q2FY16, financial cost declined by more than 50 per cent to Rs 7.45 as against Rs 15.07 crore in Q2FY15.
The company’s goods transportation division has strong pan India presence covering 28 states, 4 union territories and more than 662 cities with the help of more than 1000 branches and franchisees; and 48 strategically located transshipment hubs.
The result was announced today after market hour and the stock price closed down 4.38 per cent to Rs 389.50 on BSE.
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