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VRL Logistics Q1 Net rises 40 pc to Rs 35.38 cr

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Press Trust of India Mumbai
Last Updated : Aug 10 2015 | 7:02 PM IST
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.

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First Published: Aug 10 2015 | 7:02 PM IST

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