Shares of VRL Logistics dropped by up to 6.75% on Thursday, November 14, 2024, reaching a 52-week low of Rs 494.50. The decline follows a robust performance by the company in the second quarter of FY25, which prompted investors to take profits.
In Q2 FY25, VRL Logistics reported a year-on-year profit increase of 81.7%, reaching Rs 35.8 crore compared to Rs 19.7 crore in Q2 FY24. Revenue from operations rose by 12.7% to Rs 799.5 crore, up from Rs 709.3 crore in the same quarter last year. The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) surged 44.9% year-on-year, reaching Rs 133 crore in Q2 FY25, up from Rs 91.8 crore in Q2 FY24. This growth resulted in an EBITDA margin expansion of 360 basis points, from 13% in Q2 FY24 to 16.6% in Q2 FY25.
Additionally, VRL Logistics’ Board of Directors announced an interim dividend of Rs 5 per equity share. The record date for this dividend is set for November 22, 2024, with payments scheduled to be made by November 29, 2024.
VRL Logistics, headquartered in Hubballi, Karnataka, is one of India’s leading logistics and transportation companies. Established in 1983, the company operates across 23 states and 4 union territories, providing a variety of services, including goods transportation, courier services, passenger transport, warehousing, and third-party logistics (3PL) solutions. The company also has a presence in the energy sector, with ventures in power sales and certified emission reductions (CER) units.
As of 12:45 PM, VRL Logistics’ stock was trading at Rs 502.20, down by 5.31%. In comparison, the BSE Sensex index was down by 0.22%, trading at 77,517.40.
Discover top stories in supply chain logistics news on The Supply Chain Report. For free tools related to international trade, visit ADAMftd.com.
#LogisticsUpdate #MarketNews #Q2Results #ProfitTaking #StockWatch
