VRL Logistics declines after weak Q4 earnings

VRL Logistics fell 6.32% to Rs 312.60 at 10:09 IST on BSE after net profit fell 29.8% to Rs 8.38 crore on 6.6% increase in net sales to Rs 442.86 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours on Friday, 19 May 2017.

Meanwhile, the S&P BSE Sensex was up 175.11 points, or 0.57% at 30,640.03. The S&P BSE Mid-cap index was down 17.56 points, 0.12%, at 14,626.44.

On the BSE, 27,000 shares were traded on the counter so far as against the average daily volumes of 29,686 shares in the past one quarter. The stock had hit a high of Rs 320.70 and a low of Rs 308.05 so far during the day.

The stock had hit a 52-week high of Rs 415 on 19 May 2016 and hit a 52-week low of Rs 244.70 on 9 November 2016. The stock had underperformed the market over the past one month till 19 May 2017, declining 2.04% compared with the Sensex's 3.85% rise. The scrip had, however, outperformed the market over the past one quarter advancing 13.48% as against the Sensex's 7.01% rise.

The mid-cap company has equity capital of Rs 91.24 crore. Face value per share is Rs 10.

VRL Logistics' earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 13.28% to Rs 43.87 crore in Q4 March 2017 over Q4 March 2016.

EBITDA margin decreased to 9.86% in Q4 March 2017, from 12.12% in Q4 March 2016.

VRL Logistics is engaged in goods transportation and passenger transportation. The company offers logistics services dealing in domestic transportation of goods. It is also engaged in bus operations, air chartering service, sale of power and sale of certified emission reductions (CER) units generated from operation of wind mills.

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