Review

VRL LOGISTICS 

{Ticker : 539118 { FV: Rs. 10 { 52-Week H/L:  Rs. 315.00/120.50

We had recommended VRL Logistics in volume no. 35, issue no. 32 (dated June 3, 2019), when the scrip was trading at Rs 292.70. VRL Logistics is engaged in providing a safe and reliable delivery network in the field of parcel service. It has spread its operations to courier service, express cargo and air chartering to meet the growing demand of the burgeoning customer base. In Q3FY20, the company posted a growth in revenue by 1.11 per cent to Rs 5,572.54 crore from Rs 5,511.63 crore. For the same quarter of FY20, the PBDT grew by 9.08 per cent to be Rs 734.21 crore, as compared to Rs 673.07 crore for Q3FY19. The company gained a net profit of Rs 257.99 crore in Q3FY20, registering degrowth of 2.93 per cent from Rs 265.78 crore gained in Q3FY19. Hence, we recommend our investor-readers to EXIT on March 26, 2020, at Rs 142.60.