Profit

VRL Logistics Posts 40% Rise in Q1 Profit

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Mumbai: VRL Logistics has reported a 40 per cent jump in standalone net profit at Rs 35.38 crore for the April-June quarter of financial year 2015-16.

The surface logistics and parcel delivery service provider's total income from operations increased 9 per cent to Rs 447.01 crore during the quarter under review, from Rs 411.36 crore in the corresponding period a year ago, a company statement said.

Earnings per share were at Rs 3.94 as compared to Rs 2.94 in the first quarter of 2014-15.

The segment revenue of the goods transport business increased to Rs 339.69 crore, up 12.66 per cent, in the first quarter of 2015-16.

The company completed its initial public offering (IPO) pursuant to which 22,823,333 equity shares in the company of Rs 10 each were allotted at a price of Rs 205 per equity share, consisting of fresh issue of 5,707,333 equity shares and an offer for sale of 17,116,000 equity shares by the selling shareholders.


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