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VRL Logistics first quarter net profit falls 28% to Rs 24 crore

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VRL Logistics first quarter net profit falls 28% to Rs 24 crore

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Net income increased to Rs 530.95 crore during the April-June quarter of the current fiscal from Rs 497.64 crore in the year-ago period.

VRL Logistics first quarter net profit falls 28% to Rs 24 crore
VRL Logistics Ltd today posted a 28.31 percent drop in its net profit to Rs 24.18 crore during the first quarter of the 2018-19 fiscal on higher expenses. Its net profit stood at Rs 33.73 crore in the same quarter of the previous fiscal, the company said in a regulatory filing.
Net income increased to Rs 530.95 crore during the April-June quarter of the current fiscal from Rs 497.64 crore in the year-ago period.
However, the company's expenses rose to Rs 494.34 crore from Rs 448.03 crore in the said period.
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