VRL Logistics

May 18 (Reuters) - VRL Logistics Ltd VRLL.NS:

• VRL LOGISTICS LTD MARCH-QUARTER PROFIT 721.4 MILLION RUPEES

• VRL LOGISTICS LTD MARCH-QUARTER REVENUE FROM OPERATIONS 8.53 BILLION RUPEES

Source text: ID:nBSE4mWxF4

Further company coverage: VRLL.NS

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May 21 (Reuters) - VRL Logistics Ltd VRLL.NS:

• MARCH-QUARTER PROFIT 742.5 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 8.09 BILLION RUPEES

• DIVIDEND 10 RUPEES PER SHARE

Further company coverage: VRLL.NS

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** Shares of VRL Logistics VRLL.NS rise 18.6% to 552.1 rupees, eyes best day since September 24, 2021

** Co logs over four-fold surge in Q3 profit to 594.2 million rupees ($6.8 million); Rev rose 12% to 8.25 billion rupees

** Co says aided by price hikes, which pushed realisations higher and improved margins

** More than 1.8 mln shares change hands, 26.2x their 30-day avg

** Nine analysts covering the stock on avg have a "buy" rating; median PT is 640 rupees - LSEG data

($1 = 87.5350 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 5 (Reuters) - VRL Logistics Ltd VRLL.NS:

• DEC-QUARTER PROFIT 594.2 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 8.25 BILLION RUPEES

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** Shares of trucking firm VRL Logistics VRLL.NS up ~2% to 564 rupees ($6.65)

** Motilal Oswal reiterates 'buy' rating; says co's price hikes in Q1 FY25 improved price realization per ton by 8% Y/Y

** Co is expanding its branch network, targeting 80-100 new branches annually, especially in untapped markets like northeast India - brokerage

** Price hikes + higher volumes from branch openings to yield revenue growth of 12-13% over next few years, adds Motilal

** Motilal's PT of 670 rupees marks upside of 21% over co's last closing price

** Analysts on avg rate stock at 'buy'- LSEG data

** YTD, shares of co have lost ~27% in value

($1 = 84.8510 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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Nov 13 (Reuters) - VRL Logistics Ltd VRLL.NS:

• VRL LOGISTICS LTD - DIVIDEND 5 RUPEES PER SHARE

• VRL LOGISTICS SEPT-QUARTER PROFIT 358.2 MILLION RUPEES

• VRL LOGISTICS SEPT-QUARTER REVENUE FROM OPERATIONS 7.99 BILLION RUPEES

Source text: ID:nBSE2wjtff

Further company coverage: VRLL.NS

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** Shares of Container Corporation of India (CONCOR) CCRI.NS gain 3% to 833.45 rupees

** State-run logistics firm reported 9% Y/Y rise in Q2 profit on higher cargo volumes

** Stock eyes busiest trading session in more than four weeks; about 2 mln shares traded

** Analysts' avg rating on stock is "hold", peers VRL Logistics VRLL.NS, Aegis Logistics AEGS.NS are rated "buy" - LSEG data

** Median PT on CCRI is 1,010 rupees, 25% premium on last close

** CCRI down 3% YTD, VRLL down ~28% while AEGS up ~125%

(Reporting by Manvi Pant in Bengaluru)

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** Shares of VRL Logistics VRLL.NS jump 9.2% to 576.65 rupees, set for their best day since May 2023, if gains hold

** Co's 10% price hike - an increase after several quarters - should push margins from Q2FY25 itself, brokerage Motilal Oswal says

** Brokerage retains "buy" rating, TP 660 rupees on co's stock

** VRLL, on an avg, rated "buy"; median TP 655 rupees, as per LSEG data

** Good monsoons and rural economy pick-up to support volume growth in second half of FY25, Motilal Oswal says in a note

** Brokerage expects organised pan-India players such as VRL Logistics to gain market share and new customers

** Stock eyes busiest trading session since Dec 2022, trading volume at 8x the 30-day avg

** Session's move trims stock's YTD losses to ~25%

(Reporting by Hritam Mukherjee and Manvi Pant in Bengaluru)

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May 20 (Reuters) - VRL Logistics Ltd VRLL.NS:

• MARCH-QUARTER PROFIT 215.4 MILLION RUPEES VERSUS 1.93 BILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 7.68 BILLION RUPEES VERSUS 6.98 BILLION RUPEES

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Feb 5 (Reuters) - VRL Logistics Ltd VRLL.NS:

• DEC-QUARTER PROFIT 136.5 MILLION RUPEES VERSUS 492 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 7.37 BILLION RUPEES VERSUS 6.82 BILLION RUPEES

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** Shares of logistics service provider Gateway Distriparks GATW.NS rise as much as 4.1% to a record 114.25 rupees; last up 1.9%

** About 1.2 mln shares change hands in a block deal at 110.45 rupees/share

** Stock trading above its 50-, 100-, and 200-day moving averages since Nov 2023

** Logs busiest session since late Nov; more than 4.8 mln shares change hands, 3.4x the 30-day avg

** Thirteen analysts covering the stock on avg have a "strong buy" rating; median PT is 108 rupees, about 3% lower than the current price - LSEG data

** Stock gained ~53% in 2023, while peers like Container Corp of India CCRI.NS and VRL Logistics VRLL.NS added about 16% and 42%, respectively

(Reporting by Dimpal Gulwani)

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** Festive season could boost earnings for most of the Indian logistics companies in Q3 after a mixed Q2, ICICI Securities said in a note

** Says weakness in export-import (EXIM) volume and EXIM imbalance remain key concerns, though the demand scenario is improving for companies

** We are now more positive on the industry as margins have seemingly troughed for most of the companies - ICICI Securities

** Believes worst is over for Container Corp CCRI.NS and Blue Dart Express BLDT.NS in terms of margins

** Says VRL Logistics VRLL.NS and TCI Express TCIE.NS have cheaper valuations and better prospects

** BLDT, CCRI down 1% and 0.7%, respectively; VRLL dips 0.4%, TCIE mostly flat

(Reporting by Sethuraman NR in Bengaluru)

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Nov 6 (Reuters) - VRL Logistics Ltd VRLL.NS:

• INDIA'S VRL LOGISTICS SEPT-QUARTER PROFIT 197.1 MILLION RUPEES VERSUS PROFIT 314.6 MILLION RUPEES

• VRL LOGISTICS SEPT-QUARTER REVENUE FROM OPERATIONS 7.09 BILLION RUPEES VERSUS 6.54 BILLION RUPEES

Source text for Eikon: ID:nBSE8BsMfX

Further company coverage: VRLL.NS

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Aug 7 (Reuters) - VRL Logistics Ltd VRLL.NS:

• INDIA'S VRL LOGISTICS JUNE-QUARTER PROFIT 339.5 MILLION RUPEES VERSUS PROFIT 493.7 MILLION RUPEES

• VRL LOGISTICS JUNE-QUARTER REVENUE FROM OPERATIONS 6.74 BILLION RUPEES VERSUS 6.14 BILLION RUPEES

Source text for Eikon: ID:nBSEl5CSk

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July 24 (Reuters) - VRL Logistics Ltd VRLL.NS:

• APPROVED TRANSFER OF “TRANSPORT OF PASSENGERS BY AIR” UNDERTAKING VIA SLUMP SALE TO VIJAYANAND TRAVELS

• SALE CONSIDERATION FOR TRANSACTION IS 170 MILLION RUPEES

Source text for Eikon: ID:nBSE1N0L8s

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** Shares of VRL Logistics Ltd VRLL.NS rise as much as 7.48% to a 10-month high of 707 rupees

Logistics services provider reports three-fold jump in profit that more than triples to 1.93 bln rupees from 561.88 mln rupees Y/Y

** Revenue from operations up 18% Y/Y to 6.98 bln rupees

** Higher volume aided revenue growth, says Motilal Oswal Financial Services; adds, strong operating performance and lower tax outgo supported profit growth

** Trading volume is 616,820 shares as of 1:38 p.m. IST, six times the 30-day avg - Refinitiv data

** Of the eight analysts tracking VRLL, seven maintain "buy" and one suggests "hold"; median TP is 727.50 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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April 17 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• VRL LOGISTICS PLACES AN ORDER FOR 1560 ASHOK LEYLAND TRUCKS

Source text for Eikon: ID:nBSE6G1hSR

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