Revenue from operations remained flat at ₹796.5 crore compared with ₹799.4 crore in the year-ago quarter. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 14.2% year-on-year to ₹151.4 crore from ₹132.6 crore.
Also Read: VRL Logistics shares to trade ex-bonus from today — All you need to know
Correspondingly, the EBITDA margin improved to 19% from 16.6% in the same quarter last year.
VRL Logistics, with a total fleet of over 6,177 vehicles, employs 21,557 people. It provides luxury bus service in Karnataka, Maharashtra, Goa, Andhra Pradesh, Telangana, Tamil Nadu, Gujarat and Rajasthan.
Shares of VRL Logistics Ltd ended at ₹281.00, up by ₹0.40, or 0.14%, on the BSE.
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