Buy VRL Logistics, target price Rs 660: Motilal Oswal

Motilal Oswal has buy call on VRL Logistics with a target price of Rs 660. The current market price of VRL Logistics Ltd. is Rs 534.75.

VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4689.19 Crore) operating in Logistics sector.

VRL Logistics Ltd. key Products/Revenue Segments include Income From Transportation Services, Scrap, Services (Courier), Income (Airlines) and Income From Advertisement for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Standalone Total Income of Rs 741.98 Crore, down -3.92 % from last quarter Total Income of Rs 772.21 Crore and up 8.62 % from last year same quarter Total Income of Rs 683.10 Crore. Company reported net profit after tax of Rs 13.44 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 60.24 per cent stake in the company as of 30-Jun-2024, while FIIs owned 3.83 per cent, DIIs 25.64 per cent.