From mint · Pranati Deva · · 1m 40s
VRL Logistics Shares Surge 14% to 52-Week High
VRL Logistics shares jump 14.3% to 52-week high after Q2 profit doubles to ₹103 crore.
In brief
VRL Logistics shares jump 14.3% to 52-week high after Q2 profit doubles to ₹103 crore. VRL Logistics shares surged 14.3% to a 52-week high of ₹319 after reporting Q2 FY27 profit more than doubling to ₹103 crore. Originally reported by mint.
VRL Logistics Shares Surge
VRL Logistics shares surged 14.3% to a fresh 52-week high of ₹319 after reporting Q2 FY27 profit more than doubling to ₹103 crore.
Q2 Profit Doubles
VRL Logistics reported Q2 FY27 profit more than doubling to ₹103 crore from ₹50 crore in the previous year.
Revenue Growth
Revenue rose 20.7% year-on-year to ₹962 crore from ₹797 crore in the year-ago quarter.
Share Buyback Details
Company approved ₹280 crore share buyback at ₹320 per share for 5% of paid-up equity.
Buyback Mechanics
Record date set for October 22 with 14 shares for every 99 shares held.
Technical Analysis
Analyst notes bullish breakout above ₹299, 300 resistance with strong RSI momentum.
Volume Growth
Volumes grew 11% year-on-year in Q2 FY27 with sequential growth at 6%.
Freight Realisations
Freight realisations improved 9% year-on-year due to higher freight rates.
Operating Profitability
EBITDA rose 46.4% year-on-year to ₹221 crore with margin expanding to 23%.
Distribution Expansion
Added 67 new branches during first half of FY27 to strengthen geographic presence.
Market Reaction
Shares gained 10% over past month, 15% in three months, and 23% in six months.
Buyback Impact
Buyback represents 5% of paid-up equity capital at ₹320 per share with max outlay of ₹280 crore.
The takeaway
VRL Logistics shares surged 14.3% to a 52-week high of ₹319 after reporting Q2 FY27 profit more than doubling to ₹103 crore.
