VRL Logistics Q1 results: Profit jumps 61%; board approves ₹280 crore buyback

VRL Logistics reported a 61% rise in first-quarter net profit on Tuesday, August 4. The company posted a profit of ₹81 crore, while revenue grew to ₹878.8 crore. Its board also approved a share buyback worth ₹280 crore at ₹320 per share to help return value to many company shareholders.