*VRL Logistics Ltd.* | *CMP* Rs. 380 | *M Cap* Rs. 3357 Cr | *52 W H/L* 430/149
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 636.4 Cr (53.8% QoQ, 44.9% YoY) vs expectation of Rs. 554.9 Cr, QoQ Rs. 413.8 Cr, YoY Rs. 439.3 Cr
EBIDTA came at Rs. 113.3 Cr (214.2% QoQ, 30.3% YoY) vs expectation of Rs. 82.7 Cr, QoQ Rs. 36.1 Cr, YoY Rs. 86.9 Cr
EBITDA Margin came at 17.8% vs expectation of 14.9%, QoQ 8.7%, YoY 19.8%
Adj. PAT came at Rs. 49.5 Cr vs expectation of Rs. 27.7 Cr, QoQ Rs. -6 Cr, YoY Rs. 30.9 Cr
Quarter EPS is Rs. 5.6
Share is trading at P/E of 20x FY23 EPS