VRL Logistics’ profitability dips in Q1FY17

VRL Logistics has declared its Q1FY17 results on August 1. The company’s revenue has increased by 2.35 per cent to Rs 459 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 19.59 per cent to Rs 69 crore in Q1FY17 on a yearly basis. VRL Logistics’ margin has contracted by 412 basis points to 15.12 per cent in Q1FY17 as compared to same period in previous financial year. However, the company’s PAT has declined by 27.29 per cent to Rs 26 crore in Q1FY17 on a yearly basis. Its PAT margin has contracted by 234 basis points to 5.77 per cent in Q1FY17 as compared to same period in previous fiscal.

On the segmental revenue front, VRL Logistics has earned 77.2 per cent from goods transport;19.88 per cent from bus transport; 1.5 per cent from sale of power; 0.73 per cent from air charter; and remaining 0.69 per cent from others during Q1FY17.

The share price of VRL Logistics has declined by 3.95 per cent on bourses in early trades; and is trading at Rs 353.5 on an intraday basis.

VRL Logistics is engaged in the business of providing goods and passenger transportation services. The company's segments include goods transport, bus operations, sale of power and air chartering service. It operates through its owned fleet of nearly 375 buses. Its wind farm consists of around 34 wind turbine generators.