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VRL Logistics reports over 3-fold jump in Q4 net profit

20 May 2023 Evaluate

VRL Logistics has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported over 3-fold jump in net profit at Rs 193.18 crore for the quarter under review as compared to Rs 56.19 crore for the same quarter in the previous year. Total income of the company increased by 17.04% at Rs 702.88 crore for Q4FY23 as compared to Rs 600.55 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 2-fold jump in its net profit at Rs 323.20 crore as compared to Rs 160.11 crore for the previous year. Total income of the company increased by 22.13% at Rs 2,662.87 crore for year under review as compared to Rs 2,180.37 crore for year ended March 31, 2022.

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