VRL Logistics reported the muted revenue growth for FY20 as the difficult macroeconomic conditions put pressure on both Goods Transport (~81% of revenue) and Bus Segment (~16% of revenue). Both the segments were hit badly by COVID-19. The asset ownership model operated by the company along with ~20,000 employee base and fluctuation in diesel cost attracts has affected monthly fixed costs which is expected to put huge pressure on margin and expect to incur the losses in FY21. Recovery is...