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VRL Logistics surges on reporting over 3-fold jump in Q4 net profit
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VRL Logistics is currently trading at Rs. 675.10, up by 17.90 points or 2.72% from its previous closing of Rs. 657.20 on the BSE.
The scrip opened at Rs. 670.35 and has touched a high and low of Rs. 680.85 and Rs. 661.65 respectively. So far 6474 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 719.00 on 20-Jul-2022 and a 52 week low of Rs. 483.00 on 10-Feb-2023.
Last one week high and low of the scrip stood at Rs. 680.85 and Rs. 624.80 respectively. The current market cap of the company is Rs. 5748.43 crore.
The promoters holding in the company stood at 64.17%, while Institutions and Non-Institutions held 26.59% and 9.25% respectively.
VRL Logistics has reported over 3-fold jump in net profit at Rs 193.18 crore for the quarter ended March 31, 2023 as compared to Rs 56.19 crore for the same quarter in the previous year. Total income of the company increased by 17.04% at Rs 702.88 crore for Q4FY23 as compared to Rs 600.55 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 2-fold jump in its net profit at Rs 323.20 crore as compared to Rs 160.11 crore for the previous year. Total income of the company increased by 22.13% at Rs 2,662.87 crore for year under review as compared to Rs 2,180.37 crore for year ended March 31, 2022.
