VRL Logistics (VRLLOG) Q1 26/27 earnings summary

Executive summary

• Achieved highest-ever quarterly profit of INR 81 crore (₹8,053 lakhs) in Q1 FY27, with strong year-over-year growth in revenue, EBITDA, and PAT.

• Celebrated 50 years in logistics, operating with 6,000 owned vehicles across 23 states and 5 union territories, serving over 1,300 branches and 1 million+ customers.

• Continued expansion of branch network and fleet, supporting volume growth and operational efficiency.

• Board approved a share buyback of up to 8.75 million shares (5% of paid-up capital) at INR 320 per share, totaling INR 280 crore, with promoters not participating.

• Approved unaudited financial results for Q1 FY27 with no auditor qualifications.

Financial highlights

• Revenue rose 18% year-over-year to INR 885 crore (₹87,884 lakhs), up from INR 751 crore (₹74,434 lakhs) in Q1 FY26.

• EBITDA increased 22% year-over-year to INR 193 crore, with margin improving to 21.8%.

• PAT grew to INR 81 crore (₹8,053 lakhs) from INR 50 crore (₹5,004 lakhs), with PAT margin rising to 9.1%.

• Basic and diluted EPS for Q1 FY27 was ₹4.60, compared to ₹2.86 in Q1 FY26.

• Net debt reduced from INR 440 crore to INR 391 crore during the quarter.

Outlook and guidance

• Expecting 8% volume growth for the full year, with sustainable freight realization at INR 8,546 per ton or higher if fuel prices remain stable.

• EBITDA margin of 20%-21% is maintainable for the next three to four years.

• CapEx guidance of INR 220-240 crore for FY27, mainly for vehicles and property.

• Focus on expanding into untapped geographies, increasing branch presence, and disciplined cost management.

• Buyback proposal aims to enhance shareholder value and optimize capital structure.