25 Jun 2019 | 10:26 PM

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COMPANYNEWS
VRL Logistics Q4 net profit jumps 70.72% at Rs 20.52 cr
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Published on 05-18-2019
The company reported standalone net profit of Rs 20.52 crore for the quarter ended March 31 2019 as compared to Rs 12.02 crore in the same period last year registering a year-on-year growth of 70.72 per cent.


Net revenue of the company rose marginally by 4.86 per cent at Rs 512.92 crore in January-March quarter of this fiscal as against Rs 489.17 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 1.83 per cent to Rs 452.91 crore from Rs 444.77 crore in year ago period.


Other Income dipped by 13.08 per cent at Rs 1.86 crore versus (Mar`18 Rs 2.14 crore).


Operating Profit surged by 35.16 per cent to Rs 60.01 crore as against Rs 44.40 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 28.85 per cent in March quarter.


Interest grew by 70.97 per cent y-o-y to Rs 3.71 crore while Taxation increased by 55.19 per cent at Rs 12.12 crore (Mar`18 Rs 7.81 crore).