Name: Latest research reports of VRL Logistics Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: VRL Logistics Ltd.
Rating: 5
Author: Motilal Oswal

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

Buy: VRL Logistics Ltd.

Target

Motilal Oswal

VRL Logistics (VRL)’s 4QFY24 revenue grew 10% YoY/4% QoQ to ~INR7.7b (in
line with our estimate). Volumes increased ~10% YoY to 1.13m tons in
4QFY24.