India's VRL Logistics hits 5-month high on share buyback plan, strong quarterly results

VRL Logistics

06/08/2026 09:04

** Transport services provider VRL Logistics' VRLL.NS shares rise 1.8% to 283.95 rupees, their highest level since Feb
** Co approves share buyback worth up to 2.8 billion indian rupees ($29.41 million)
** June-qtr profit rises 60.9% YoY; revenue from operations up 18.1%   
** Number of branches rise to 1,302 vs 1241 in Q1FY26
** Q1 volumes increase 9% YoY
** VRL says higher fuel prices and revision of freight contracts led to freight-rate increase, helping boost realisations by 9% YoY
** All 8 brokerages covering the stock rate it "buy" or higher; their median PT is 355 rupees - LSEG-compiled data
** YTD, stock up 5.8%
($1 = 95.2175 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))