VRL Logistics reported a more than two-fold rise in second-quarter profits to ₹103 crore, with revenue up 20.7 per cent.
VRL Logistics shares hit a fresh 52-week high on Tuesday, November 3, after the company reported a more than two-fold increase in its September quarter profit. The stock jumped as much as 14.37 per cent to an intraday high of ₹319, around 40 per cent above its 52-week low of ₹228 recorded in June 2026.
The company reported profit after tax of ₹103 crore in the second quarter of FY27, compared with ₹50 crore a year earlier. Revenue from operations rose 20.7 per cent year on year to ₹962 crore from ₹797 crore. Volumes grew 11 per cent year on year, while realisations improved 9 per cent as higher fuel prices and the rationalisation of freight contracts necessitated an increase in freight rates.
EBITDA rose 46.4 per cent to ₹221 crore from ₹151 crore, with the margin expanding to 23 per cent from 19 per cent. The company added 67 new branches during the first half of FY27.
A buyback of up to 87.5 lakh shares, representing 5 per cent of paid-up equity capital, at ₹320 per share closed. It was scheduled to run from October 27 to November 2, 2026, with a maximum outlay of ₹280 crore.
Source: Mint
