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Sunday, 5 November 2017

Q2 RESULTS UPDATE@TITAN, VRL Logistics

The spurt in the stock price is on account of strong quarterly results posted by the company on November 3, 2017. The stock is trading at a price of Rs 765.25, up by 16% or Rs 107 on NSE, at 9.33 am after achieving a lifetime high of Rs 824.65 in the opening trades.

Revenue for the quarter came in 12.4 % higher than the estimated figure of Rs 3,090 crores. EBITDA for the quarter came in 25.8 % higher than the estimated figure of Rs 317 crores. Net profit for the quarter came in 28 % higher than the estimated figure of Rs 217.1 crores.


Shares of VRL Logistics gained on account of robust Q2 earnings as well as the companys plans to buyback shares.. The price for buyback of 9 lakh shares or 7.65% stake has been approved at 22% premium to Friday’s closing price. This may add to the appreciation.

The company is set to buyback share at Rs 460 each.

On Friday, this Karnataka based company posted 55.8% YoY rise in the net profit to Rs 21.6 Cr in Q2. Revenue from operations increased to Rs 450 Cr, up by 0.4%, whereas the total expenditure rested at Rs 420 Cr, as compared to Rs 430 Cr the previous year.



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