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    VRL Logistics outlook: Should you buy this stock? Know why analysts are bullish on this stock

    Synopsis

    VRL Logistics: Analysts are confident about VRL Logistics due to its aggressive expansion and investment plans, and the promising outlook of the logistics industry. The buoyant prospects of logistics industry will continue to support the company’s growth. The company has multiple differentiators to sustain its growth momentum. An Emkay May 2024 report states that its business model will help reap benefits of operating leverage due to owned assets and branch expansion plans.

    VRL Logistics: The transportation and logistics company reported a mixed performance in the March 2024 quarter. Revenue exceeded Reuters-Refinitiv estimates by 2.1%, but PAT missed estimates by 11.7%. Despite subdued volume growth, the top line grew by 10% year-on-year. However, weak operating performance, higher depreciation, interest expenses, and lower other income contributed to a 64.5% decline in net income.The company boasts a robust
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    The Economic Times