VRL Logistics Q2 PAT seen up 84.7% YoY to Rs. 58.1 cr: ICICI Securities

ICICI Securities has come out with its second quarter (July-September’ 24) earnings estimates for the Logistics sector. The brokerage house expects VRL Logistics to report net profit at Rs. 58.1 crore up 84.7% year-on-year (up 71.2% quarter-on-quarter).

Net Sales are expected to decrease by 2.5 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 712.7 crore, according to ICICI Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 14.9 percent Y-o-Y (up 11.9 percent Q-o-Q) to Rs. 114 crore.

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