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Leading the way in LTL logistics with a robust owned-asset infrastructure ensuring reliability and service excellence Q3 FY26 Investor Presentation | February 2026 1
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Safe Harbor • Certain statements contained in this document may be statements of future expectations/forward looking statements that are ba sed on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results/performance or events to differ materially from those expressed or implied herein • The information contained in this presentation has not been independently verified and no representation or warranty expresse d or implied, is made and no reliance should be placed on the fairness, accuracy, completeness of the information contained herein . • This presentation may contain certain forward looking statements within the meaning of applicable securities laws and regulat ions. These statements include details of the intent, belief or current expectations of the Company or its directors and officers with re spect to the results of operations and financial position of the Company. Such forward -looking statements are not a guarantee of future performance and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company presently believes to be reasonable. Many factors could cause the actual results, to be materially different and significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, chan ges in government regulations, tax regime, etc • None of VRL Logistics Ltd. or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negl igence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this doc ument. • This document does not constitute an offer or invitation to purchase or subscribe to any shares and neither it nor any part o f it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. 2
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Agenda Q3 & 9M FY26 Key Highlights Company Overview Strategic Positioning Industry Overview Historical Financials 3
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Current Section Q3 & 9M FY26 Key Highlights Company Overview Strategic Positioning Industry Overview Historical Financials 4
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Q3 & 9M FY26 Key Highlights 831 831 2375 2386 Q3FY25 Q3FY26 9MFY25 9MFY26 0.0% 0.5% Total Income (₹ Cr.) 172 174 409 490 Q3FY25 Q3FY26 9MFY25 9MFY26 +1% +20% EBITDA (₹ Cr.) 59 65 109 165 Q3FY25 Q3FY26 9MFY25 9MFY26 +9% +52% PAT (₹ Cr.) 1104 1007 3267 2918 Q3FY25 Q3FY26 9MFY25 9MFY26 -9% -11% Tonnage ( in ‘000s) 7390 8117 7122 8019 Q3FY25 Q3FY26 9MFY25 9MFY26 +10% +13% Realisation per ton (₹) 89.2% 8.9% 1.9% LTL FTL Others 9MFY26 Sales Mix (%) 20.7% 20.9% Margin % 7.2% 7.8% 5 Net Debt (in ₹ Cr.) 272 (vs ₹ 304 cr. As at Sep. 2025) ✓ Intensified Marketing Efforts in Established and new branches to improve volumes ✓ Strategic Geographical Expansion in untapped areas ✓ Stringent control on key operating expenses Way Forward 17.2% 20.5% 4.6% 6.9%
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6,650 6,681 6,669 6,724 6,723 7,241 7,390 7,944 7,852 8,079 8,117 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Volume and Realisation 1,002 1,048 1,092 1,130 1,070 1,093 1,104 1,006 935 976 1,007 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 GT Tonnage (in ‘000) Realisation per ton (₹) 10,900+ tons serviced on a daily basis for Q3 FY26 Volume declined due to the strategic exit from low-margin business Improved Realisation due to Price hike from Q2FY25 and exit from low margin business in Q4FY25 6 Improved demand and customer recovery post GST reforms led to a gradual volume increase
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Q3FY26 Profitability Analysis 100.0 20.9 24.8 7.4 6.2 5.7 4.9 10.3 18.1 Total Income Fuel Cost Bridge & Toll expenses Hamali (Loading & Unloading Charges) Vehicle Running, Repairs & Maintenance Lorry Charges Other Operating Expenses Employee Cost 1.7 Administrative Expenses EBITDA % of Total Income 26.4% in Q3FY25 • Bulk Purchase from refineries increase to 40.02% in Q3 FY26 from 39.89% in Q3FY25 • Average procurement cost per litre increased to ₹ 86.13 in Q3FY26 from ₹83.53 in Q3FY25. 7.7% in Q3FY25 • Increase in number of tolls from 1669 to 1896 • Increase in Toll Rates from Apr-25 • Decrease in Kms run by own vehicles 16.6% in Q3FY25 6.5% in Q3FY25 4.9% in Q3FY25 5.1% in Q3FY25 10.7% in Q3FY25 1.4% in Q3FY25 7 ✓ Increased the in-house fuel supply from 39.9% in Q3FY25 to 40.0% in Q3FY26 to cut fuel costs ✓ Maximize own fleet usage to improve operational efficiency ✓ Reduced reliance on external vehicles ✓ Optimized driver scheduling to balance loads and reduce idle time • Decrease in Tonnage handled • Increase in Hamali Rates • Increase in driver incentives per km • Increase in efficiency of local hired vehicles • Increments from Aug-25 10% YoY Improvement in Realisation ~20 Bps Improvement in Margins from 20.7% in Q3 FY25
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9MFY26 Profitability Analysis 100.0 20.5 25.3 7.6 6.2 5.2 4.4 10.5 18.2 Total Income Fuel Cost Bridge & Toll expenses Hamali (Loading & Unloading Charges) Vehicle Running, Repairs & Maintenance Lorry Charges Other Operating Expenses Employee Cost 2.0 Administrative Expenses EBITDA % of Total Income 27.9% in 9MFY25 • Bulk Purchase from refineries increase to 40.7% in 9MFY26 from 36.3% in 9MFY25 • Average procurement cost per litre reduced to ₹84.91 in 9MFY26 from ₹85.19 in 9MFY25 7.9% in 9MFY25 17.1% in 9MFY25 6.7% in 9MFY25 4.9% in 9MFY25 6.0% in 9MFY25 10.9% in 9MFY25 1.4% in 9MFY25 8 ✓ Increased the in-house fuel supply from 36.3% in 9MFY25 to 40.7% in 9MFY26 to cut fuel costs ✓ Maximize own fleet usage to improve operational efficiency ✓ Reduced reliance on external vehicles ✓ Optimized driver scheduling to balance loads and reduce idle time • Decrease in Tonnage handled • Increase in Hamali Rates • However, percentage is maintained due to improvement in freight realization • Decrease in long haul hired vehicle kms • Increase due to legal and professional fees • Loss on sale/scrap of vehicles • Increase in driver incentives per km • Increments from Aug-25 13% YoY Improvement in Realisation ~330 Bps Improvement in Margins from 17.2% in 9M FY25 • Increase in number of tolls from 1669 to 1896 • Increase in Toll Rates from Apr-25 • Decrease in Kms run by own vehicles
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Profit & Loss Statement ❖ Total income at ₹831 crore (vs. ₹831 crore in Q3 FY25) impacted by volume moderation from contract restructuring and voluntary exit from low-margin business ❖ QoQ: ₹804 crore in Q2 FY26 → 3% QoQ growth, supported by improving demand led by new customer addition and return of some previously lost customer accounts ❖ Fuel cost has come down to ~25% in 9M FY26 from ~28% in the same period last year ❖ EBITDA margin continued to be robust at 20.9% with a YoY improvement of 20 bps, driven by improved realization, discontinuation of low margin business and stringent control on expenses during the quarter. ❖ QoQ there was an improvement of 120 bps 9 Profit and Loss (in ₹ Cr.) Q3 FY26 Q3 FY25 YoY Q2 FY26 QoQ 9M FY26 9M FY25 YoY Revenue from Operations 827.0 825.2 0% 797.0 4% 2368.3 2351.9 1% Other Income 3.8 5.7 7.0 17.3 22.9 Total Income 830.8 830.9 0% 803.9 3% 2385.5 2374.9 0% Direct Expenses 492.6 508.9 480.4 1413.4 1526.5 Employee Cost 150.7 137.9 147.1 433.5 405.9 Other Expenses (Administrative Expenses) 13.7 12.0 18.3 48.6 33.2 EBITDA 173.8 172.1 1% 158.1 10% 490.0 409.3 20% EBITDA Margin 20.9% 20.7% 20 bps 19.7% 120 bps 20.5% 17.2% 330 bps Depreciation 68.1 64.6 64.8 197.5 189.9 EBIT 105.7 107.5 -2% 93.4 13% 292.5 219.4 33% EBIT Margin 12.7% 12.9% 11.6% 12.3% 9.2% Finance Cost 21.9 24.1 24.2 72.3 69.1 Profit before Tax 83.8 83.5 0% 69.1 21% 220.2 150.4 46% Profit before Tax Margin 10.1% 10.0% 8.6% 9.2% 6.3% Tax 19.1 24.0 19.2 55.5 41.7 Profit for the year (Excl. comprehensive loss/income) 64.8 59.4 9% 49.9 30% 164.7 108.7 52% Profit After Tax Margin 7.8% 7.2% 60 bps 6.2% 160 bps 6.9% 4.6% 230 bps
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Key Developments in the Quarter 10Note: As on Dec 25 Capex Fuel Pumps Vehicle Increase Debt Reduction Ratings ❖ ₹74 crs. in Q3 FY26 increased from ₹ 29 crs. in Q2FY26 ❖ ₹ 56 crs. was invested to buy land and building for setting up owned premises ❖ Captive fuel pumps increased from 7 to 8 to enable higher bulk procurement and improve fuel cost efficiency ❖ Planning to add around 500 HCV vehicles in CY26 ❖ Vehicles are scheduled to be received from Jan-26 ❖ Net Debt as at Dec-25 stood at ₹272 crs. which has gone down significantly from ₹470 crs. in Dec-24, reflecting strong cash generation leading to a strengthened Balance Sheet. This will lead to interest cost saving, thereby improving overall profitability. ❖ ICRA has reaffirmed the A+ positive rating and revised the outlook from stable to positive Dividend Labour Code ❖ Company has declared Interim Dividend of ₹5 per equity share ❖ No incremental impact to comply with new labour codes indicative of proactive existing practices and employee friendly emolument structure
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Current Section Q2FY26 Key Highlights Company Overview Strategic Positioning Industry Overview Historical Financials 11
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Leading in LTL segment with the Largest Fleet Ownership 50 Years Since inception Only Asset Owned LTL player in India Leader in LTL LTL Focus with 90% contribution to sales 5700+ Owned GT vehicles Hub & Spoke Model 24 States 5 UT Geographic Presence 1249 branches incl. 50 Hubs Branches & Hubs Vehicle Design Inhouse Facility ERP System Proprietary system and complete automation of E-Way bill 12Note: As on Dec 25
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From one Truck to 5700+ Trucks: VRL’s Growth Journey 13 1976 Dr. Vijay Sankeshwar started ‘Goods Transport’ Business through a proprietary firm 1994 Became a deemed Public Limited company 1997 Status of the company changed from deemed Public Limited company to Public Limited Company 2003 Entered into Limca Book of Records as the largest fleet owner of commercial vehicles in private sector in India 2006 Company name changed to VRL Logistics Limited, Obtained ISO 9001:2000 2015 Listing on NSE and BSE stock exchanges 2017 Registered as a Member of International Air Cargo Association (IATA) Buy Back of Shares 20202023 Owned vehicles number crossed 5,000 2025 Crossed turnover of ₹3,000 Cr. Bonus Shares in the Ratio of 1:1 2012 Private Equity Placement 2021 Buy Back of Shares Buy Back of Shares
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Core to Edge Connectivity with Continuous Expansion KA 227 AP 95 KL 48 TG 60 TN 145 UT(PY) 05 GOA 08 MH 143 GJ 95 UT (DM & SL) 2 RJ 30 HY 40 CG 13 DL 43 HP 14 J&K-UT 8 PB 33 UK 08 UP 74 CH-UT 01 MP 21 BR 21 JH 9 OR 27 WB 64 AS- 11 TR 01 Note : Map not to scale LADAKH-UT 02 VRL’s Extensive Presence Across 24 States & 5 Union Territories Powers Nationwide Growth and Demand Fulfillment 1249 Branches 50 Hubs ~ 90% Revenue from LTL Segment 1.78 Mn Sq. Ft. Owned Hubs 4.58 Mn Sq. Ft. Leased Hubs Owned Hubs Bhiwandi, Mumbai Bengaluru Hubballi, Varur Vijayapura Surat Davanagere Mangaluru Ballari Mysuru Focus on Geographical Expansion Leader in the B2B LTL Segment 14 ML- 01 Note: As on Dec 25
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Hub & Spoke Strategy Continuous Movement for Loads Reduced length of Haul Consistent On time Performance Improved Driver Recruitment & Retention Reduced Cost and enhanced productivity Lower Carbon Footprint Improved Vehicle Utilisation Strengths of the model Consolidation Distribution Fragmentation 15
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5745 Total Vehicles (Incl. Cranes and Tankers) 356 YoY | 37 QoQ (6101 in Q3FY25| 5782 in Q2FY26) Driving Reach with our Fleet Size and Operational Capacity 775 1067 1155 1996 244 471 11539 7960 12170 36441 5516 12983 39 <5 tons 5 - 10 tons 10 - 15 tons 15 - 20 tons 20 - 25 tons 25 - 30 tons >30 tons No of trucks & Capacity in each category No. of GT Vehicles Capacity (Tons) 16 Largest fleet owner in India 5700+ vehicles 356 YoY | 37 QoQ Net vehicle Reduction Vehicles Scrapped: 571 YoY | 44 QoQ vehicles added: 215 YoY | 7 QoQ 76648 tons Total carrying Capacity (Excl. Cranes and Tankers) 9302 YoY| 636 QoQ (85950 in Q3FY25/77284 in Q2FY26) 80% Of total vehicles are debt free 15% Of total vehicles are fully depreciated and are operating in optimal condition Note: As on Dec 25
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Diversified across Sectors and Customers Expertise In Handling Variety of Commodities Diversified B2B Customer Base across Wide Range of Industries Storage facility available in all our Delivery branches No single customer contributing more than 1% of Total Revenue Lowest Bad Debts 17 Only player offering customized transport cages designed in-house for 2-Wheelers Textile Goods Agriculture Products Construction Materials Industrial Goods Pesticides Sports Goods Leather Products Books, Paper & Education Goods Footwear & Rubber Products Electrical & Electronic Goods Metals & Hardware Stationery Goods Machinery Food Products Automotive Parts & Spares Pharma Goods FMCG Plastic Goods Packaging Goods General Goods Hassle Free Claim Settlement
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Tech-Enabled Superiority in Every Kilometre Enables real time operations and movement of consignments In-house developed ERP System Monitors vehicle movement, fuel consumption per km, distance travelled , driver payments Operations Monitoring System To ensure real time tracking Advance Consignment Management system Complete automation by API integration with Government Software E-way bill, E-invoice GST Compliance Enhanced securityPrivate Cloud Hosting API integration with banks for real time monitoring Cash Management System(CMS) To tackle disruptions, enable robust disaster recovery & business continuity infrastructure Alternative and Backup Systems Loading process tracked live to optimize vehicle utilization before Trip sheet preparation Tracking Capacity Utilization GPS tracking devices in both hired and owned vehicles to monitor vehicle movement GPS Ability to generate real time reports instantly from Smartphones Real Time Report Generation To track vehicle maintenance for route planning Customized Software alert systems Centralized CCTV covers all TPT operations; branch-wise rollout underway Centralized CCTV monitoring 18 Unlocking Trust with Technology - OTP-Based Vehicle Unlocking for Verified and Secure Deliveries
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Sustainability at core of our operations Environmentally Friendly Fleet Renewable Energy Initiatives Waste Reduction and Recycling ✓ We are committed to reduce our carbon footprint through the use of a modern, fuel-efficient fleet ✓ Our electric forklifts at TPTs are battery powered, promoting sustainable energy use. ✓ Our trucks feature advanced engine and emission technologies, helping reduce greenhouse gas emissions and meet the highest environmental standards. ✓ We invest in upgrading our vehicles to ensure they excel in environmental standards. ✓ We have invested in renewable water solutions at our facilities. ✓ We have installed rainwater harvesting systems, allowing us to generate clean, renewable water to power our operations ✓ We are exploring opportunities to incorporate other renewable energy sources, like solar panels to reduce reliance on traditional energy sources and minimize our environmental impact. ✓ We have implemented comprehensive waste management and recycling programs across our operations. ✓ Our facilities are designed to maximize recycling, and we partner with local waste management providers to ensure the proper disposal and processing of all recyclable materials ✓ We salvage the spare parts that are in good working condition whenever a vehicle is scrapped. Our fleet has 84 EV Vehicles & 109 CNG Vehicles 19
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Team of Excellence Dr. Vijay Sankeshwar Chairman & Managing Director Dr. Anand Sankeshwar Managing Director ❖ Honored With The Padma Shri Award in 2020 For Contribution To Trade & Industry ❖ Honored with the Karnataka Rajyotsava Award by the Government of Karnataka in 2019 ❖ Actively involved in Day-To-Day Management, has over four decades Of experience in the Logistics Industry ❖ Former Member Of Parliament In 11th, 12th & 13th Lok Sabha. ❖ Honorary Doctorate By Karnataka University ❖ Recipient Of Several Awards including The ‘Udyog Ratna’ By Institute Of Economic Studies New Delhi. ‘Transport Personality Of The Year’ etc. ❖ Honorary Doctorate by Karnataka State Open University ❖ Actively Involved In Day-To-Day Business Operations. ❖ Recipient Of Awards - ‘YOUTH ICON’ By Annual Business Communicators Of India. ‘Best 2nd Generation Entrepreneur’ By Tie Global USA ❖ Inspirational Leaders Of New India Award ❖ The Most Admired Entrepreneur Of The Year (Logistics) at The RISING LEADERSHIP AWARDS ❖ The Prestigious “GAME CHANGER AWARD” Award by Media News 4u.com ❖ “Champions of Change- Karnataka 2023 award” by IFIE (Interactive Forum on Indian Economy) ❖ WINNER of South India Business Awards- South Power List 1001 20
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Current Section Q1FY26 Key Highlights Company Overview Strategic Positioning Industry Overview Historical Financials 21
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Key Strengths and Future Growth Drivers Only ‘Asset Right’ organised player in the LTL Segment 1 Broad Customer Base with Low Revenue Concentration Risk with Most Efficient Collection Mechanism2 Cash-Rich Operations Supporting Consistent Shareholder Returns3 22
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1. Only ‘Asset Right’ organised player in the LTL Segment 4575 4816 5671 5994 6115 FY21 FY22 FY23 FY24 FY25 Added 1540 Vehicles in 5 years Driving Toward Higher Profitability with Strong Asset Base* ❖ Total carrying Capacity 85261 tons excl. Cranes (14) and Tankers (22) ❖ 80% vehicles are debt free ❖ 20% are fully depreciated 8^ Owned Fuel Pumps; Aiding margins Procurement of diesel directly from Refineries by setting own fuel pumps (8) catering to more than 40.7% of fuel needs for 9MFY26 In-House Skilled Driver Workforce India faces a shortage of 2.2 million skilled drivers but the company mitigates this risk by employing 8600+ drivers on payroll* and offering statutory benefits, it ensures higher retention and operational reliability. Strategic asset ownership enables the company to deliver consistent service quality, strengthening customer trust and positioning it as a reliable long-term partner 23* As of FY25 ^ As of 9MFY26
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2. Low Concentration; High Efficiency* Widest customer base of over 9 lakh+ GST Registered customers across various sectors…. 97.0% 3.0% Top 10 Customers Others 99.0% 1.0% Top 3 Customers Others With Lowest Revenue Concentration Risk Disciplined Collection Mechanism in Place Freight realization at delivery station from consignee with minimal credit days to selected customers To Pay ~70% Freight realization at Delivery Station Freight realization at Booking Station from consignor with minimal credit days to select customers Paid ~15% Freight realization at Booking Station Accounts ~15% Contractual customers with Standard credit period ✓ Provision for Bad Debt of 0.02% of revenue ✓ Trade Receivables at 12 Days ✓ Lowest Claim Ratio in the Industry at 0.08% of revenue Industry-Leading Receivables and Claim Management 24* On Revenue from Operations of FY25
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3. Strong Cash Flows, Steady Shareholder Returns 25 257 413 462 409 587 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Operating Profit before working capital changes (before IND AS adjustments) Strong Cashflows enabling both growth and consistent shareholder return ✓ Strong Cash Flows through internal accruals led to robust expansion plans ✓ Strong Cash flows led to consistent reward to shareholders by declaring dividends and buyback of shares ✓ Strong cash flows enabled the company in maintaining a conservative Net Debt- to-Equity ratio, consistently below 0.4x ✓ Continues to generate positive free cash flow even after funding expansion and shareholder returns, demonstrating a resilient business model In ₹ Cr.
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Growth Blueprint 1 Core focus on GT Business Expansion in network & creation of necessary infrastructure 4 Strategic Fleet Planning Assess the need for fleet addition based on the observed tonnage growth and evolving demand scenario Expand in newer Geographies Focus on branch addition in untapped geographies such as North, Northeastern Region 2 Focus on Volume improvement Undertake mass marketing in existing as well as newer branch locations for volume growth and identify profitable freight contracts 3 Key Focus Areas 26
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Current Section Q1FY26 Key Highlights Company Overview Strategic Positioning Industry Overview Historical Financials 27
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Structural Tailwinds Driving the Logistics Industry The Indian logistics industry is valued at ~$250 billion, contributing about 14% to the country's GDP Developments and Trends in the Indian Logistics Industry • Government Initiatives & Policy Reforms- • NLP, PM GatiShakti National Master Plan, GST Implementation, Dedicated Freight Corridors (DFC) • Infrastructure Investments- • Adoption of AI, IoT, and Blockchain for real-time tracking and operational efficiency • Digital Transformation • Sustainable and Green Logistics- • Investment in electric trucks and fuel-efficient transport solutions, Implementation of green warehousing Future Outlook of Indian Logistics • Expansion of high-speed freight corridors to reduce transit time. • Widespread adoption of autonomous trucking and smart logistics solutions • Increased foreign direct investment (FDI) in logistics parks and supply chain networks • Integration of AI and automation for optimized inventory management 66% 31% 3% 1% Roadways Railways Seaways Airways India’s logistics market Source: Ministry of Finance, Ministry of Road transport & Highways, E&Y, Niti Ayog, India Brand Equity Foundation 28
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An Overview of Road Logistics in India Source: Mordor Intelligence, Skillshats The India Road Freight Transport Market Size : 153.9 bn USD in FY25 236.3 bn USD in FY30 CAGR ~9% 60 80 100 120 2020 2021 2022 2023 2024 Volatile Fuel Prices Petrol Diesel Significance of Road Logistics Backbone of Transportation Accessibility and Reach Cost-Effective and Flexible Integrating Rural Economies Challenges 1 Driver Availability2 Fuel Cost Compliance issues 3 Regional Brokers 5 Low Efficiency & Transparency4 The Diesel cost has increased from ₹70.17 to ₹90/ Litre 29
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Current Section Q1FY26 Key Highlights Company Overview Strategic Positioning Industry Overview Historical Financials 30
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Historical Financial Highlights 1,776 2,180 2,663 2,910 3,186 FY21 FY22 FY23 FY24 FY25 +16% Total Income (₹ Cr.) 260 391 416 415 598 FY21 FY22 FY23 FY24 FY25 +23% EBITDA (₹ Cr.) 45 156 166 89 183 FY21 FY22 FY23 FY24 FY25 +42% PAT (₹ Cr.) 14.7% 17.9% 15.6% 14.2% 18.8% 2.5% 7.2% 6.2% 3.1% 5.7% 2,541 3,227 3,912 4,272 4,272 FY21 FY22 FY23 FY24 FY25 +14% Tonnage (‘000 tons) 6,268 6,584 6,669 6,682 7,315 FY21 FY22 FY23 FY24 FY25 +4% Realisation (₹ per ton) 31*FY21 financials are consolidated; all other years reflect standalone GT figures CAGR Growth
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Financial Ratios 0.2 0.2 0.2 0.3 0.4 0.3 FY21 FY22 FY23 FY24 FY25 H1 FY26 Net Debt to Equity (x) 23 18 19 16 16 13 FY21 FY22 FY23 FY24 FY25 H1 FY26 Working Capital Days (Days) Leverage Ratio (x) FY21 FY22 FY23 FY24 FY25 H1 FY26 13% 20% 27% 10% 14% 18% ROCE (%) FY21 FY22 FY23 FY24 FY25 H1 FY26 7% 26% 40% 9% 18% 18% ROE (%) 0.3 0.4 0.3 0.6 0.7 0.5 7.1 9.8 7.7 5.3 6.3 6.3 FY21 FY22 FY23 FY24 FY25 H1 FY26 Net Debt/EBITDA EBITDA / Finance Cost 32*FY21 financials inclusive of other divisions; all other years reflect standalone GT figures
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Historical Profit & Loss Statement 33 Profit and Loss (in ₹ Cr.) FY25 FY24 FY23 FY22 FY21* Revenue from Operations 3,160.9 2,888.6 2,648.5 2,163.6 1,762.9 Other Income 25.5 21.1 14.3 16.8 12.9 Total Income 3,186.4 2,909.7 2,662.9 2,180.4 1,775.8 Direct Expenses 1,999.4 1,966.8 1,799.0 1,418.2 1,181.7 Employee Cost 545.2 485.1 414.9 346.9 314.7 Other Expenses (Administrative Expenses) 43.5 43.3 33.0 23.9 19.0 EBITDA 598.4 414.5 416.0 391.4 260.4 EBITDA Margin (%) 18.8% 14.2% 15.6% 17.9% 14.7% Depreciation 253.6 216.2 159.1 144.5 159.8 EBIT 344.8 198.4 256.9 246.9 100.6 EBIT Margin (%) 10.8% 6.8% 9.6% 11.3% 5.7% Finance Cost 94.8 77.9 54.3 42.2 36.8 Exceptional Item Gain / (Loss) 0.0 0.5 0.0 0.0 0.0 Profit before Tax 250.0 121.0 202.5 204.7 63.7 Profit before Tax Margin (%) 7.8% 4.2% 7.6% 9.4% 3.6% Tax 67.0 31.9 36.4 48.5 18.7 Profit for the year 182.9 89.1 166.1 156.1 45.1 Profit After Tax Margin (%) 5.7% 3.1% 6.2% 7.2% 2.5% EPS (In ₹) 20.91 10.18 18.1 17.68 4.99 *FY21 financials inclusive of other divisions; all other years reflect standalone GT figures
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Historical Balance Sheet Assets (in ₹ Cr.) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21* Non - Current Assets 2,333.2 2,005.2 1,612.9 1,209.2 1,021.9 Property Plant & Equipment 1,554.2 1,198.2 998.5 746.9 685.8 CWIP 15.1 23.6 38.4 35.0 6.1 Right-of-use assets 687.3 701.1 482.6 349.8 265.5 Investment Properties 0.8 0.8 0.9 0.9 2.4 Intangible assets 0.3 0.3 0.2 0.4 0.6 Financial Assets Investments 0.1 0.1 0.1 0.1 0.1 Others Financial Assets 42.7 45.8 64.4 37.8 28.9 Income tax assets (net) 19.1 14.8 1.7 9.4 13.7 Other non-current assets 13.7 20.5 26.2 29.0 18.8 Current Assets 252.5 208.8 278.9 171.1 176.7 Inventories 42.9 41.2 52.8 45.9 39.5 Financial Assets (i) Investments 0.0 0.0 15.0 0.0 0.0 (ii) Trade receivables 92.9 88.5 81.7 67.3 63.9 (iii) Cash and cash equivalents 53.1 18.3 11.6 14.0 18.7 (iv) Bank balances other than cash and cash equivalents 0.7 0.7 63.6 0.5 0.3 Other Financial Assets 11.3 13.1 10.3 10.8 11.0 Other Current Assets 51.5 47.1 43.8 32.7 43.4 Total Assets 2,585.7 2,214.0 1,891.7 1,380.3 1,198.6 Equity & Liabilities (in ₹ Cr.) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21* Total Equity 1,084.6 945.8 975.8 651.6 597.1 Share Capital 87.5 87.5 88.3 88.3 88.3 Other Equity 997.1 858.3 887.5 563.3 508.8 Non-Current Liabilities 1,109.6 881.7 609.7 463.5 342.9 Financial Liabilities (i) Borrowings 368.4 183 107 81.4 39.5 (ii) Lease Liabilities 603.7 584.5 415.2 298.1 223.3 (ii) Other Financial Liabilities 12.9 12.3 13.0 16.3 15.3 Provisions 46.9 34.7 28.1 29.1 20.7 Deferred Tax Liabilities 77.8 67 46.1 38.6 44.0 Current Liabilities 391.5 386.5 306.2 265.2 258.6 Financial Liabilities (i) Borrowings 78.8 96.2 71.8 62.1 80.1 (ii) Trade Payables 13.1 15.3 14.2 20.1 13.6 (iii) Lease Liability 174.9 172.5 125.5 95.0 78.9 (iv) Other Financial Liabilities 71.8 62.4 54.7 52.0 53.5 Other Current Liabilities 20.6 21.9 23.0 19.8 15.3 Current tax liabilities (net) 11.4 0.0 1.7 2.0 4.8 Provisions 21.0 18.1 15.2 14.2 12.5 Total Equity & Liabilities 2,585.7 2,214.0 1,891.7 1,380.3 1,198.6 34*FY21 financials inclusive of other divisions; all other years reflect standalone GT figures
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Historical Cashflow Statement Particulars (in ₹ Cr.) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21* Net Profit Before Tax 250.0 121.0 423.4 209.9 63.7 Adjustments for: Non -Cash Items / Other Investment or Financial Items 337.3 288.4 38.6 203.3 192.8 Operating profit before working capital changes 587.2 409.4 462.0 413.2 256.5 Changes in working capital 19.7 40.9 -58.0 15.7 29.9 Cash generated from Operations 607.0 450.3 403.9 428.9 286.5 Direct taxes paid (net of refund) 49.2 26.4 85.6 58.1 14.8 Net Cash from Operating Activities 557.8 423.9 318.3 370.8 271.6 Net Cash from Investing Activities -429.7 -243.3 -144.5 -180.1 -31.5 Net Cash from Financing Activities -93.2 -173.8 -170.9 -200.8 -234.4 Net Decrease in Cash and Cash equivalents 34.9 6.8 3.0 -10.1 5.8 Add: Cash & Cash equivalents at the beginning of the period 18.3 11.5 8.5 18.7 12.9 Cash & Cash equivalents at the end of the period 53.1 18.3 11.5 8.5 18.7 35 *FY21 financials inclusive of other divisions; all other years reflect standalone GT figures
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Thank You Sunil Nalavadi – CFO cfo@vrllogistics.com Company: VRL Logistics Limited CIN: L60210KA1983PLC005247 Prachi Chhugani / Deven Dhruva prachi.chhugani@sgapl.net / deven.dhruva@sgapl.net Tel: +91 89492 92029 / + 91 98333 73300 Investor Relations: Strategic Growth Advisors (SGA) CIN: U74140MH2010PTC204285