With respect to above captioned subject and in accordance with the extant provisions of the SEBI(LODR) Regulations, 2015 and other applicable provisions for the time being in force, we ....
VRLLOG · price
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VRL Logistics reported FY26 total income of ₹3,245 crore (+2% YoY) with PAT of ₹237 crore (+29% YoY). While Q4FY26 showed muted PAT at ₹72 crore (-3% YoY) due to margin pressure (EBITDA margin fell 190 bps to 21.4% in Q4), full-year EBITDA margin improved significantly to 20.8% vs 18.8% in FY25. Volumes recovered with 3% YoY growth in FY26, rebounding from a 13% deficit in Q1. Realisation per ton increased 10% YoY due to strategic freight rationalisation and exit from low-margin business. The company expanded its branch network by 110 new branches (net 40), added 12 EVs and 298 HCVs, and maintained operating cash flow of ₹667 crore. Net debt increased to ₹440 crore (vs ₹396 crore). ICRA upgraded credit rating from A+(stable) to A+(positive).
Full-year results show strong recovery in profitability and margins despite Q4 headwinds from higher operational costs (lorry hire charges up 74% YoY, driver incentives increased). The credit rating upgrade and robust cash generation signal financial strength, though the increase in net debt and Q4 margin contraction warrant monitoring. Long-term growth drivers (LTL leadership, branch expansion, volume recovery) remain intact.