Interim Dividend of Rs 5: 29th November-Record Date, Payable By 6th December; BUY?

Founded in 1976, VRL Logistics is a nationally recognised logistics and transport firm that is publicly listed on the NSE and BSE Exchange. It is currently the largest fleet owner of commercial vehicles in India. With an exclusive concentration on business-to-business (B2B) services, the company's services are distributed over 24 states and 5 Union Territories, and its clientele is diverse and includes corporations, SMEs, and traders.

VRL Logistics Dividend

"ln further to our intimation dated 4th November 2024 and in terms of Regulation 30 (2) of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Company declared an interim dividend of Rs.5/- per equity share," said the company in a stock exchange filing.

VRL Logistics Dividend Record Date

"Further to our letter dated 4th November, 2024 and 13th November 2024 regarding fixing of record date for payment of interim dividend for the FY2024-25. In accordance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to intimate that the Record date fixed for the purpose of interim dividend stands revised from 22nd November 2024 to 29th November 2024. The dividend payout date also stands revised as 6th December 2024. The said revision is being done due to trading holiday declared on 20th November 2024 on account of Maharashtra Assembly Election and the said record date is in compliance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015," VRL Logistics said in a regulatory filing.

VRL Logistics Financials

From Rs 19.7 crore in Q2FY24 to Rs 35.8 crore in Q2FY25, the company's net profit increased 81.7% year on year (Y-o-Y). From Rs 709.3 crore in the September quarter of FY24 to Rs 799.5 crore in the September quarter of FY25, VRL Logistics' revenue from operations increased 12.7% yearly. EBITDA increased from Rs 91.8 crore in Q2FY24 to Rs 133 crore in Q2FY25, a 44.9 per cent year-on-year (Y-o-Y) growth. From 13% in Q2FY24 to 16.6% in Q2FY25, the EBITDA margin increased 360 basis points (bps).

VRL Logistics Share Price Target

"VRL Logistics stock price is slightly bullish on the Daily charts with strong support at 528. A Daily close above resistance of 554 could lead to a target of 590 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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