VRL Logistics is pre dominantly a parcel delivery service provider (68.28 % of total Revenue as of FY 17), with pan –India last mile connectivity through a fleet of 3941 owned Goods transport vehicles complimented by third party hired vehicles on need basis.

The disappointment is huge over its Q4FY17 performance. It has been downhill on all profitability front. Despite a 7% (YoY) rise in revenue at Rs.443 crore, its net profit showed a timble down of 29% at Rs.8 crore.

EBITDA too slipped 14% at Rs.42 crore and margins show the real pressure – down from 11.7% to 9.4%.

The company ended Fy17 too on a lower note – revenue was up 5% at rs.1803 crore but net profit was down 33% at Rs.70 crore. PAT margin almost halved – down from 6.02% to 3.89%.

Its net debt as at 31^st March 2017 stands at Rs.174 crore v/s Rs.245 crore in Fy16.