VRL Logistics Q1 Net rises 40 pc to Rs 35.38 cr

Surface logistics and parcel delivery service provider VRL Logistics reported 40 per cent jump in standalone net profit at Rs 35.38 crore for the April-June quarter of 2015-16.
Total income from operations increased to Rs 447.01 crore, up 9 per cent from Rs 411.36 crore in the corresponding period last year crore for the quarter, a company statement said.
Earnings per share was 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 of 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.