VRL Logistics shares surge 20% to hit upper circuit on strong Q3 print

VRL Logistics shares surged 20%, hitting upper circuit at Rs 559.50 after strong Q3 earnings.

Net profit rose 4x YoY to Rs 59.4 crore, with revenue up 12% to Rs 825 crore.

EBITDA margin expanded 800 basis points YoY to 21%, driven by freight hikes and improved fleet utilization.

Stock is down 23.83% over the year but has risen 5.16% in the last month.