India · Delayed Price · Currency is INR VRL Logistics Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw stable revenue and improved profitability, with EBITDA margin rising to 20.9% and PAT up 9% year-on-year. Management guides for 10-11% volume and revenue growth in FY27, stable realizations, and INR 350 crore CapEx, while maintaining a 20% EBITDA margin.
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Q2 FY26 saw stable income and strong margin expansion despite an 11% YoY tonnage decline, as strategic exits from low-margin contracts and cost optimization drove EBITDA up 17% and net profit up 39%. Volume recovery is expected in H2, with sustainable margins and increased CapEx planned.
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Q1 FY 2026 saw 1% revenue growth and a 21% EBITDA margin, despite a 12-13% volume decline from contract restructuring. Net profit rose to INR 50 crores, with margins expected to normalize at 18-19% for the year. Volumes are projected to recover from Q3, with growth resuming in FY 2027.
Fiscal Year 2025
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Q4 FY25 delivered strong margin and profit growth despite lower volumes from discontinuing low-margin business. Management expects volume recovery from Q3 FY26, with realization and margins to remain robust. Dividend payout reached a record high, supported by strong cash flows.
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Q3 FY25 saw 12% revenue growth and a 78% jump in EBITDA, driven by freight rate hikes and operational efficiencies. Net profit rose sharply, and guidance points to 12%-13% revenue growth and 18% EBITDA margin sustainability, with strong cash flows supporting rapid debt reduction.
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Q2 FY25 saw 12% revenue growth and a 39% jump in EBITDA, driven by an 8% freight rate hike and operational efficiencies. Expansion continued with new branches and major facility investments, while margins and cash flow improved. EBITDA margins are expected to remain strong.
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Q1 FY25 saw 9% revenue growth and 8% volume growth, but EBITDA and PAT declined due to higher costs from operational disruptions. Freight rates were raised 5%-6% to offset expenses, with volume growth guidance of 7%-8% for FY25 and a target EBITDA margin of 15%-16%.