VRL Logistics (VRLLOG)₹323.80+1.79%Logistics Solution Provider
In the Jun 2026 quarter (standalone), VRL Logistics reported sales of ₹877 Cr, up 18.2% from Jun 2025, and net profit of ₹81.05 Cr, up 61.9% year on year. For the year to Mar 2026, sales were ₹3,213 Cr and net profit ₹237 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 707 | 735 | 767 | 725 | 798 | 823 | 807 | 742 | 796 | 825 | 851 | 877 |
| Expenses | 616 | 641 | 662 | 639 | 665 | 658 | 621 | 592 | 645 | 656 | 674 | 691 |
| Operating Profit | 92.41 | 94.37 | 105 | 87.30 | 134 | 167 | 188 | 153 | 152 | 171 | 178 | 188 |
| OPM % | 13.1% | 13.1% | 14.0% | 12.0% | 17.1% | 20.0% | 23.1% | 20.1% | 19.1% | 21.0% | 21.1% | 21.1% |
| Other Income | 6.01 | 2.01 | 4.01 | 15.01 | 2.01 | 6.01 | 3.01 | 6.01 | 6.99 | 4.01 | 6.01 | 6.01 |
| Interest | 19.07 | 21.07 | 22.09 | 23.09 | 22.09 | 24.09 | 26.10 | 26.10 | 24.07 | 22.07 | 23.07 | 23.07 |
| Depreciation | 52.15 | 57.22 | 58.18 | 62.17 | 64.18 | 65.25 | 64.18 | 65.21 | 65.21 | 68.23 | 64.22 | 62.17 |
| Profit before tax | 26.93 | 18.93 | 28.92 | 17.95 | 48.80 | 82.68 | 99.67 | 66.75 | 68.81 | 83.70 | 97.68 | 108 |
| Tax % | 28.0% | 26.9% | 26.0% | 23.9% | 27.0% | 29.0% | 24.9% | 25.9% | 27.9% | 22.9% | 25.9% | 24.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 20.01 | 14.01 | 22.02 | 13.01 | 36.01 | 59.03 | 74.01 | 50.05 | 50.07 | 65.04 | 72.03 | 81.05 |
| EPS (Rs) | 1.14 | 0.79 | 1.24 | 0.78 | 2.06 | 3.41 | 4.26 | 2.87 | 2.86 | 3.71 | 4.13 | 4.61 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,720 | 1,798 | 1,917 | 2,106 | 2,114 | 1,759 | 2,158 | 2,644 | 2,884 | 3,153 | 3,213 | 3,349 |
| Expenses | 1,449 | 1,583 | 1,686 | 1,863 | 1,813 | 1,514 | 1,787 | 2,242 | 2,489 | 2,584 | 2,560 | 2,666 |
| Operating Profit | 273 | 221 | 236 | 246 | 304 | 249 | 378 | 406 | 395 | 577 | 660 | 688 |
| OPM % | 16.1% | 12.1% | 12.0% | 12.0% | 14.1% | 14.0% | 17.0% | 15.0% | 14.0% | 18.1% | 20.1% | 20.5% |
| Other Income | 8.01 | 9.01 | 14.01 | 8.01 | 6.01 | 13.01 | 21.01 | 171 | 21.02 | 24.02 | 17.01 | 23.02 |
| Interest | 32.11 | 25.09 | 12.05 | 11.04 | 37.14 | 37.11 | 44.16 | 56.22 | 79.31 | 96.38 | 97.29 | 92.28 |
| Depreciation | 90.28 | 98.31 | 98.34 | 101 | 169 | 160 | 144 | 160 | 217 | 255 | 262 | 260 |
| Profit before tax | 158 | 105 | 139 | 139 | 104 | 63.79 | 208 | 359 | 121 | 249 | 317 | 358 |
| Tax % | 33.9% | 33.0% | 34.0% | 35.0% | 13.9% | 28.9% | 23.0% | 9.9% | 26.0% | 26.9% | 25.9% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −3.01 | 0.00 | 3.01 | 0.00 | 2.01 | 10.03 | −5.02 | 0.00 |
| Net Profit | 104 | 70.03 | 93.05 | 92.08 | 90.04 | 45.06 | 160 | 323 | 89.09 | 183 | 237 | 268 |
| EPS (Rs) | 5.72 | 3.87 | 5.13 | 5.10 | 5.00 | 2.56 | 9.07 | 18.31 | 5.09 | 10.47 | 13.56 | 15.31 |
| Dividend payout % | 44.0% | 52.0% | 0.0% | 54.0% | 70.0% | 78.0% | 44.0% | 14.0% | 0.0% | 71.9% | 37.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 86.30 | 91.25 | 91.33 | 90.23 | 90.31 | 90.29 | 88.30 | 88.29 | 88.34 | 87.33 | 87.35 | 176 |
| Reserves | 271 | 423 | 450 | 503 | 556 | 528 | 509 | 564 | 889 | 859 | 999 | 970 |
| Borrowings | 442 | 261 | 184 | 80.82 | 141 | 454 | 421 | 537 | 719 | 1,035 | 1,228 | 1,155 |
| Other Liabilities | 155 | 167 | 172 | 188 | 192 | 155 | 180 | 193 | 197 | 233 | 274 | 310 |
| Total Liabilities | 954 | 943 | 898 | 862 | 979 | 1,227 | 1,199 | 1,382 | 1,893 | 2,216 | 2,589 | 2,610 |
| Fixed Assets | 708 | 713 | 695 | 626 | 706 | 992 | 955 | 1,101 | 1,484 | 1,904 | 2,247 | 2,311 |
| CWIP | 8.99 | 15.98 | 1.99 | 7.99 | 41.94 | 3.99 | 5.99 | 34.94 | 37.97 | 23.96 | 14.98 | 21.99 |
| Investments | 0.00 | 2.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15.01 | 0.00 | 0.00 | 0.00 |
| Other Assets | 236 | 211 | 200 | 229 | 230 | 229 | 237 | 246 | 355 | 289 | 327 | 277 |
| Inventories | 14.97 | 17.98 | 17.99 | 23.98 | 29.99 | 28.99 | 39.94 | 45.94 | 52.94 | 40.96 | 42.95 | 43.94 |
| Trade receivables | 89.72 | 72.80 | 74.74 | 80.73 | 79.78 | 85.72 | 63.82 | 66.80 | 81.67 | 87.67 | 92.61 | 85.76 |
| Cash & equivalents | 16.93 | 19.94 | 11.95 | 18.93 | 12.95 | 12.97 | 18.95 | 13.95 | 74.73 | 18.94 | 52.86 | 15.94 |
| Total Assets | 954 | 943 | 898 | 862 | 979 | 1,227 | 1,199 | 1,382 | 1,893 | 2,216 | 2,589 | 2,610 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 235 | 264 | 198 | 205 | 192 | 257 | 272 | 371 | 317 | 423 | 554 | 653 |
| Cash from investing activity | −48.95 | −107 | −58.90 | −43.96 | −209 | −119 | −31.98 | −180 | −144 | −243 | −430 | −294 |
| Cash from financing activity | −186 | −156 | −147 | −155 | 11.04 | −139 | −235 | −202 | −172 | −175 | −90.28 | −399 |
| Net cash flow | 2.01 | 2.01 | −7.01 | 7.01 | −6.01 | 0.00 | 6.01 | −10.01 | 3.01 | 7.01 | 35.03 | −38.06 |
| Capex | 86.22 | 111 | 63.12 | 47.08 | 212 | 123 | 39.10 | 193 | 413 | 285 | 450 | 300 |
| Free cash flow | 187 | 155 | 137 | 160 | −19.08 | 137 | 240 | 191 | −90.35 | 149 | 125 | 360 |
| CFO / OP % | 95.0% | 109.9% | 99.0% | 108.9% | 99.9% | 98.9% | 115.0% | 114.0% | 99.9% | 113.9% | 104.9% | 106.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 21 | 16 | 16 | 16 | 15 | 16 | 14 | 12 | 12 | 12 | 12 | 11 |
| Cash conversion cycle | 19 | 14 | 14 | 14 | 13 | 14 | 12 | 10 | 10 | 10 | 10 | 9 |
| Working capital days | −37 | −15 | −10 | −1 | 6 | −15 | −21 | −18 | −16 | −25 | −23 | −26 |
| ROCE % | 23.9% | 23.9% | 16.9% | 21.9% | 21.0% | 15.9% | 9.9% | 22.0% | 17.9% | 10.9% | 15.9% | 17.9% |
For the Jun 2026 quarter, VRL Logistics reported sales of ₹877 Cr, up 18.2% year on year and net profit of ₹81.05 Cr, up 61.9% year on year. The operating margin was 21.1%.
VRL Logistics' sales for the year to Mar 2026 were ₹3,213 Cr; over the last twelve months they were ₹3,349 Cr.
Net profit for the year to Mar 2026 was ₹237 Cr, and ₹268 Cr over the last twelve months. Earnings per share over the same trailing period were ₹15.31.
VRL Logistics reported borrowings of ₹1,155 Cr at Mar 2026, against cash and equivalents of ₹15.94 Cr.
Cash from operations was ₹653 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹360 Cr.