VRL Logistics Ltd's Q4FY18 standalone net profit rises 43.44% yoy to Rs12.02cr : Misses Estimates

The company’s standalone revenue stood at Rs489.17cr, up 10.46% yoy but down 0.03% qoq.

May 29, 2018 06:05 IST India Infoline Research Team

VRL Logistics Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 489.17 10.5
EBITDA 44.40 6.4
EBITDA Margin (%) 9.1 [35]
Net Profit (adjusted) 12.02 43.4
***EBITDA margin change is bps


Reco. Price


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For Q4FY18, VRL Logistics’ sales grew by 10.5% yoy to Rs489.2cr from Rs442.9cr in Q4FY17. EBITDA grew by 6.4% yoy to Rs44.4cr from Rs41.8cr in Q4FY17, while EBITDA margin declined from 9.4% in Q4FY17 to 9.1% in Q4FY18. Net profit during Q4FY18 increased by 43.4% yoy to Rs12cr due to decline in the finance cost.
  • Revenue from Goods transport segment grew by 10.9% yoy while EBITDA decreased by 4.6% yoy.
  • Passenger transport revenue increased by 9.9% yoy while EBITDA increased by 59.8% yoy.
  • Power segment (wind power) revenue decreased by 13.5% yoy.
  • Revenue from passenger transport (by air) segment decreased by 10.9% yoy.
  • Company, by end of FY18, had network of 150 small vehicles, 960 LCVs, 2,765 HCVs, 102 car carriers, 17 tankers, 13 cranes, and 396 buses.
  • Total available capacity by end of FY18 was 5,29,54 tonnes vs. 5,20,99 tonnes by end of FY17.
  • Net debt stood at Rs62.8cr vs. 174cr in FY17.
  • Net debt/equity and net debt/EBITDA ratios stood at 0.1x and 0.3x respectively in FY18.
  • FY18 ROE at 16.3% vs. 13.4% in FY17.

Technical View:

VRL Logistics Ltd is currently trading at Rs. 372.30, up by 6.55 points or 1.79% from its previous closing of Rs. 365.75 on the BSE.
The scrip opened at Rs. 365.75 and has touched a high and low of Rs. 375.65 and Rs. 365.75 respectively. So far 2,42,461 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 100 DMA.

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