VRL Logistics Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2025, recommended Final Dividend of Rs. 10 per equity share.
VRLLOG · price
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VRL Logistics Limited's Board, at its meeting on May 21, 2025, recommended a Final Dividend of Rs. 10 per equity share (face value Rs. 10) for FY 2024-25, subject to shareholder approval at the upcoming AGM. The company also reported strong audited results for Q4 and full-year FY25, with annual revenue from operations rising to Rs. 3,16,094.80 lakhs from Rs. 2,44,462.03 lakhs in FY24. Profit after tax for FY25 jumped sharply to Rs. 18,293.29 lakhs versus Rs. 4,445.11 lakhs in FY24, driven by both continuing and discontinued operations. EPS for continuing operations doubled to Rs. 20.91 from Rs. 10.18. Additionally, the Board recommended appointing Walker Chandiok & Co. LLP as new statutory auditors for 5 years, replacing Kalyaniwalla & Mistry LLP whose tenure ends at the AGM.
The 100% dividend (Rs. 10 on Rs. 10 face value) signals strong cash returns to shareholders, while the more-than-doubling of FY25 profits and revenue growth of around 29% YoY should be viewed positively by investors. The auditor rotation is a routine governance matter with no expected impact.