VRL Logistics tanks 9% on weak Q4 results

The stock dipped 9% to Rs 305 after the company reported 30% YoY drop in profit at Rs 8.38 cr in Q4.

VRL Logistics dipped 9% to Rs 305 on BSE after the company reported 30% year on year (YoY) drop in consolidated net profit at Rs 8.38 crore for the quarter ended March 2017 (Q4FY17). It had reported profit of Rs 11.93 crore in the same quarter year ago.

Operational revenue during the quarter under review grew 6.5% to Rs 443 crore against Rs 416 crore in the corresponding quarter of previous fiscal year.  Earnings before interest, tax, depreciation and amortization (Ebitda) margin declined to 4.5% in Q4FY17 from 6.7% in Q4FY16.

VRL Logistics’ Q4FY17 results were below estimates