Performance in line, subdued growth in Southern market impact tonnage growth in FY24

Company
22 May 2024
5 Min read 
  • VRL Logistics 4QFY24 revenue grew 10% YoY/4% QoQ to ~INR7.7b.
  •  Volumes increased ~10% YoY to 1.13m tons in 4QFY24.
  •  Realization per tonne stood at INR 6,724 (+1% YoY and QoQ).
  •  EBITDA margins stood at 13.7%, against the estimate of 13.3%.
  •  APAT declined 65% YoY to INR 215m.
  •  Management plans to focus aggressively on branch expansion, with 40 branches already operational as of Apr-May 2024.
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