VRL Logistics Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	31,773	31,609	28,886	26,485	21,636	17,629
Other Revenue	91.86	91.86	132.51	60.81	35.25	-
Revenue	31,865	31,701	29,019	26,546	21,671	17,629
Revenue Growth (YoY)	1.87%	9.25%	9.31%	22.50%	22.93%	-16.79%
Cost of Revenue	24,352	25,206	24,299	21,936	17,463	14,710
Gross Profit	7,513	6,495	4,719	4,610	4,208	2,920
Selling, General & Admin	10.2	10.2	14.57	18.47	15.8	6.18
Other Operating Expenses	780.82	627.21	605.21	463.37	355.27	383.26
Operating Expenses	3,404	3,174	2,781	2,073	1,816	1,987
Operating Income	4,109	3,322	1,938	2,536	2,392	932.17
Interest Expense	-979.92	-947.54	-778.04	-542.66	-420.62	-366.16
Interest & Investment Income	32.88	32.88	18.74	27.63	35.83	22.28
Currency Exchange Gain (Loss)	-	-	0.04	0.74	-2.23	-
Other Non Operating Income (Expenses)	-57.39	-0.83	-0.61	-0.73	-0.96	42.05
EBT Excluding Unusual Items	3,105	2,406	1,178	2,021	2,004	630.33
Gain (Loss) on Sale of Investments	-	-	0.53	6.75	-	-
Gain (Loss) on Sale of Assets	79.69	79.69	26.37	-2.83	43.05	7.08
Other Unusual Items	13.58	13.58	4.87	-	-	-
Pretax Income	3,198	2,500	1,210	2,025	2,047	637.41
Income Tax Expense	808.52	670.23	319.38	363.8	485.48	186.73
Earnings From Continuing Operations	2,389	1,829	890.61	1,661	1,562	450.68
Earnings From Discontinued Operations	-	-	-2.1	1,571	39.6	-
Net Income	2,389	1,829	888.51	3,232	1,601	450.68
Net Income to Common	2,389	1,829	888.51	3,232	1,601	450.68
Net Income Growth	83.49%	105.89%	-72.51%	101.86%	255.27%	-49.99%
Shares Outstanding (Basic)	175	175	175	177	177	181
Shares Outstanding (Diluted)	175	175	175	177	177	181
Shares Change (YoY)	0.06%	-0.05%	-0.94%	-	-2.17%	-0.05%
EPS (Basic)	13.64	10.46	5.08	18.29	9.06	2.50
EPS (Diluted)	13.64	10.46	5.08	18.29	9.06	2.50
EPS Growth	83.38%	105.98%	-72.25%	101.86%	263.14%	-49.96%
Free Cash Flow	-	1,089	1,392	-940.61	1,775	2,326
Free Cash Flow Per Share	-	6.23	7.95	-5.32	10.04	12.88
Dividend Per Share	10.000	7.500	-	2.500	4.000	2.000
Dividend Growth	-	-	-	-37.50%	100.00%	-42.86%
Gross Margin	23.58%	20.49%	16.26%	17.36%	19.42%	16.56%
Operating Margin	12.90%	10.48%	6.68%	9.55%	11.04%	5.29%
Profit Margin	7.50%	5.77%	3.06%	12.17%	7.39%	2.56%
Free Cash Flow Margin	-	3.44%	4.80%	-3.54%	8.19%	13.20%
EBITDA	5,167	4,265	2,728	3,178	3,300	1,873
EBITDA Margin	16.22%	13.45%	9.40%	11.97%	15.23%	10.63%
D&A For EBITDA	1,058	943.16	789.58	641.56	907.99	941.19
EBIT	4,109	3,322	1,938	2,536	2,392	932.17
EBIT Margin	12.90%	10.48%	6.68%	9.55%	11.04%	5.29%
Effective Tax Rate	25.28%	26.81%	26.40%	17.96%	23.72%	29.29%
Revenue as Reported	31,971	31,864	29,097	26,629	21,804	17,758
Advertising Expenses	-	10.2	14.57	18.47	15.8	6.18

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.