271.1000 -4.30 (-1.56%)
NSE Sep 26, 2025 15:31 PM
Volume: 136.3K
 

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VRL Logistics Ltd.
09 Aug 2023
271.10
-1.56%
ICICI Securities Limited
VRL Logistics’ (VRL) Q1FY24 performance missed our and street estimates by 3% and 8% respectively owing to lower volumes. Key takeaways: i) one-off factors impacted volumes by 4%; 2) realisation stayed flat QoQ as the company kept its pricing strategy unchanged; 3) capex in Q1FY24 was at INR 870mn, mainly due to addition of new vehicles; 4) fuel sourcing from refineries increased resulting in cost advantage.
Motilal Oswal released a Buy report for VRL Logistics Ltd. with a price target of 350.0 on 11 Sep, 2025.
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