VRL Logistics Ltd
NSE:VRLLOG
VRL Logistics Ltd
VRL Logistics Ltd. engages in the provision of logistics and transportation services. The company is headquartered in Hubli, Karnataka and currently employs 20,788 full-time employees. The company went IPO on 2015-04-30. The firm's segments include Goods transport, Bus operations, Sale of power and Transport of passengers by air. The Goods transport segment offers services for the transportation of goods across India using a range of road transportation solutions to the customers, including less than full truck load and full truck load. Under this segment, it also does courier business for transportation of small parcels and documents using range of multi model solutions. The Bus operations segment offers services of transportation solutions through buses. The Sale of power segment includes the wind farm, which consists of wind turbine generators (WTGs) having an individual capacity of approximately 1.25 megawatts (MW). The Transport of passengers by air segment offers services for the transportation of passengers by air through the aircrafts owned by the Company.
VRL Logistics Ltd. engages in the provision of logistics and transportation services. The company is headquartered in Hubli, Karnataka and currently employs 20,788 full-time employees. The company went IPO on 2015-04-30. The firm's segments include Goods transport, Bus operations, Sale of power and Transport of passengers by air. The Goods transport segment offers services for the transportation of goods across India using a range of road transportation solutions to the customers, including less than full truck load and full truck load. Under this segment, it also does courier business for transportation of small parcels and documents using range of multi model solutions. The Bus operations segment offers services of transportation solutions through buses. The Sale of power segment includes the wind farm, which consists of wind turbine generators (WTGs) having an individual capacity of approximately 1.25 megawatts (MW). The Transport of passengers by air segment offers services for the transportation of passengers by air through the aircrafts owned by the Company.
Revenue Growth: Q3 total income was INR 831 crores, flat year-on-year but up 3% sequentially, driven by better realizations and new client additions.
Volume Recovery: Volumes declined 9% YoY due to exit from low-margin contracts, but management expects about 4% sequential tonnage growth in Q4 and 10–11% growth for FY '27.
Profitability: EBITDA margin improved to 20.9%, up 20 bps YoY and 130 bps QoQ, supported by higher realizations and cost control.
Realizations: Realization per tonne rose 10% YoY to INR 8,117, but management does not expect further material price hikes ahead.
Cost Management: Fuel costs as a percent of income fell, offsetting higher employee costs; company continues investment in fleet and cost-saving initiatives.
CapEx & Fleet: Placed order for 500 new vehicles; FY '27 CapEx expected around INR 350 crores for vehicles and strategic property purchases.
Guidance: Company guides to 10–11% volume and revenue growth in FY '27, maintaining EBITDA margins at about 20%.
