VRL Logistics Ltd’s net profit nosedives 90% to Rs 2.13 cr for Q4FY20

New Delhi: VRL Logistics Ltd’s net profit nosedived 90 percent to Rs 2.13 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 20.51 crore in the corresponding quarter of the previous fiscal.

The company’s revenue from operations fell marginally to Rs 497 crore for the fourth quarter of the fiscal 2019-20 as against Rs 512 crore in the corresponding quarter of the previous fiscal.

The company’s net profit fell marginally to Rs 90 crore for the entire fiscal 2019-20 as compared to Rs 91.91 crore in the previous fiscal. 

The company’s revenue from operations increased marginally to Rs 2,118 crore for the entire fiscal 2019-20 as against Rs 2,109 crore in the previous fiscal.

The total expenses of the company increased marginally to Rs 496 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 482 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company jumped to Rs 2,024 crore in the 2019-20 fiscal as compared to Rs 1,976 crore in the previous fiscal, the company said in a regulatory filing.

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