VRL Logistics Shares Slump on Q3 Profit Drop

VRL Logistics shares fell as much as 9.5 per cent on Tuesday after the Hubballi, Karnataka-based company reported its first ever decline in quarterly profit since listing in April 2015. VRL Logistics' net profit declined 1.5 per cent to Rs 24.7 crore, while revenues were flat at Rs 431 crore in the December quarter. VRL logistics shares are up 92 per cent since the issue price of Rs 205. The stock emerged as a favourite of investor...