| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 709 | 737 | 768 | 727 | 799 | 825 | 809 | 744 | 797 | 827 | 853 | 879 | |
Growth YoY Revenue Growth YoY% | 8.4 | 8.1 | 10.1 | 7.9 | 12.7 | 12.0 | 5.3 | 2.4 | -0.3 | 0.2 | 5.4 | 18.1 |
| 617 | 642 | 663 | 640 | 666 | 659 | 622 | 593 | 646 | 657 | 675 | 692 | |
| 92 | 94 | 105 | 87 | 133 | 166 | 187 | 152 | 151 | 170 | 177 | 187 | |
OPM OPM% | 12.9 | 12.8 | 13.7 | 11.9 | 16.6 | 20.2 | 23.1 | 20.4 | 19.0 | 20.6 | 20.8 | 21.2 |
| 6 | 2 | 4 | 15 | 3 | 6 | 3 | 6 | 7 | 4 | 6 | 6 | |
Interest Expense Interest ExpenseCr | 19 | 21 | 22 | 23 | 22 | 24 | 26 | 26 | 24 | 22 | 23 | 23 |
Depreciation DepreciationCr | 52 | 57 | 58 | 62 | 64 | 65 | 64 | 65 | 65 | 68 | 64 | 62 |
PBT PBTCr | 28 | 19 | 29 | 18 | 49 | 83 | 100 | 67 | 69 | 84 | 98 | 108 |
| 8 | 5 | 8 | 4 | 13 | 24 | 25 | 17 | 19 | 19 | 26 | 27 | |
| 20 | 14 | 22 | 13 | 36 | 59 | 74 | 50 | 50 | 65 | 72 | 81 | |
Growth YoY PAT Growth YoY% | -37.4 | -72.3 | -88.8 | -60.4 | 81.7 | 335.3 | 244.8 | 272.3 | 39.3 | 8.9 | -2.9 | 60.9 |
NPM NPM% | 2.8 | 1.9 | 2.8 | 1.9 | 4.5 | 7.2 | 9.2 | 6.7 | 6.3 | 7.8 | 8.5 | 9.2 |
| 1.1 | 0.8 | 1.2 | 0.8 | 1.0 | 3.4 | 4.3 | 1.4 | 2.9 | 3.7 | 4.1 | 4.6 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 709 | 737 | 768 | 727 | 799 | 825 | 809 | 744 | 797 | 827 | 853 | 879 | |
Growth YoY Revenue Growth YoY% | 8.4 | 8.1 | 10.1 | 7.9 | 12.7 | 12.0 | 5.3 | 2.4 | -0.3 | 0.2 | 5.4 | 18.1 |
| 617 | 642 | 663 | 640 | 666 | 659 | 622 | 593 | 646 | 657 | 675 | 692 | |
| 92 | 94 | 105 | 87 | 133 | 166 | 187 | 152 | 151 | 170 | 177 | 187 | |
OPM OPM% | 12.9 | 12.8 | 13.7 | 11.9 | 16.6 | 20.2 | 23.1 | 20.4 | 19.0 | 20.6 | 20.8 | 21.2 |
| 6 | 2 | 4 | 15 | 3 | 6 | 3 | 6 | 7 | 4 | 6 | 6 | |
Interest Expense Interest ExpenseCr | 19 | 21 | 22 | 23 | 22 | 24 | 26 | 26 | 24 | 22 | 23 | 23 |
Depreciation DepreciationCr | 52 | 57 | 58 | 62 | 64 | 65 | 64 | 65 | 65 | 68 | 64 | 62 |
PBT PBTCr | 28 | 19 | 29 | 18 | 49 | 83 | 100 | 67 | 69 | 84 | 98 | 108 |
| 8 | 5 | 8 | 4 | 13 | 24 | 25 | 17 | 19 | 19 | 26 | 27 | |
| 20 | 14 | 22 | 13 | 36 | 59 | 74 | 50 | 50 | 65 | 72 | 81 | |
Growth YoY PAT Growth YoY% | -37.4 | -72.3 | -88.8 | -60.4 | 81.7 | 335.3 | 244.8 | 272.3 | 39.3 | 8.9 | -2.9 | 60.9 |
NPM NPM% | 2.8 | 1.9 | 2.8 | 1.9 | 4.5 | 7.2 | 9.2 | 6.7 | 6.3 | 7.8 | 8.5 | 9.2 |
| 1.1 | 0.8 | 1.2 | 0.8 | 1.0 | 3.4 | 4.3 | 1.4 | 2.9 | 3.7 | 4.1 | 4.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,723 | 1,803 | 1,922 | 2,110 | 2,119 | 1,763 | 2,164 | 2,649 | 2,889 | 3,161 | 3,221 | 3,356 |
Growth Revenue Growth% | 3.0 | 4.7 | 6.6 | 9.7 | 0.4 | -16.8 | 22.7 | 22.4 | 9.1 | 9.4 | 1.9 | 5.6 |
| 1,452 | 1,585 | 1,688 | 1,866 | 1,820 | 1,515 | 1,789 | 2,247 | 2,495 | 2,587 | 2,571 | 2,670 | |
| 271 | 218 | 234 | 244 | 298 | 247 | 375 | 402 | 393 | 574 | 650 | 685 | |
OPM OPM% | 15.7 | 12.1 | 12.2 | 11.6 | 14.1 | 14.0 | 17.3 | 15.2 | 13.6 | 18.2 | 20.2 | 20.4 |
| 9 | 9 | 14 | 8 | 10 | 13 | 17 | 14 | 22 | 24 | 24 | 23 | |
Interest Expense Interest ExpenseCr | 32 | 24 | 11 | 11 | 37 | 37 | 42 | 54 | 78 | 95 | 95 | 91 |
Depreciation DepreciationCr | 90 | 98 | 98 | 101 | 168 | 160 | 145 | 159 | 216 | 254 | 261 | 259 |
PBT PBTCr | 158 | 105 | 139 | 140 | 104 | 64 | 205 | 203 | 121 | 250 | 318 | 358 |
| 54 | 35 | 47 | 49 | 14 | 19 | 49 | 36 | 32 | 67 | 81 | 91 | |
PAT PATCr | 104 | 70 | 93 | 92 | 90 | 45 | 156 | 166 | 89 | 183 | 237 | 267 |
Growth PAT Growth% | 14.3 | -32.4 | 31.4 | -0.7 | -2.0 | -50.0 | 246.5 | 6.4 | -46.4 | 105.4 | 29.5 | 21.8 |
NPM NPM% | 6.0 | 3.9 | 4.8 | 4.4 | 4.3 | 2.6 | 7.2 | 6.3 | 3.1 | 5.8 | 7.3 | 8.0 |
| 5.7 | 3.9 | 5.1 | 5.1 | 5.0 | 2.5 | 9.0 | 18.3 | 5.1 | 5.2 | 13.5 | 15.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 1,723 | 1,803 | 1,922 | 2,110 | 2,119 | 1,763 | 2,164 | 2,649 | 2,889 | 3,161 | 3,221 | 3,356 |
Growth Revenue Growth% | 3.0 | 4.7 | 6.6 | 9.7 | 0.4 | -16.8 | 22.7 | 22.4 | 9.1 | 9.4 | 1.9 | 5.6 |
| 1,452 | 1,585 | 1,688 | 1,866 | 1,820 | 1,515 | 1,789 | 2,247 | 2,495 | 2,587 | 2,571 | 2,670 | |
| 271 | 218 | 234 | 244 | 298 | 247 | 375 | 402 | 393 | 574 | 650 | 685 | |
OPM OPM% | 15.7 | 12.1 | 12.2 | 11.6 | 14.1 | 14.0 | 17.3 | 15.2 | 13.6 | 18.2 | 20.2 | 20.4 |
| 9 | 9 | 14 | 8 | 10 | 13 | 17 | 14 | 22 | 24 | 24 | 23 | |
Interest Expense Interest ExpenseCr | 32 | 24 | 11 | 11 | 37 | 37 | 42 | 54 | 78 | 95 | 95 | 91 |
Depreciation DepreciationCr | 90 | 98 | 98 | 101 | 168 | 160 | 145 | 159 | 216 | 254 | 261 | 259 |
PBT PBTCr | 158 | 105 | 139 | 140 | 104 | 64 | 205 | 203 | 121 | 250 | 318 | 358 |
| 54 | 35 | 47 | 49 | 14 | 19 | 49 | 36 | 32 | 67 | 81 | 91 | |
PAT PATCr | 104 | 70 | 93 | 92 | 90 | 45 | 156 | 166 | 89 | 183 | 237 | 267 |
Growth PAT Growth% | 14.3 | -32.4 | 31.4 | -0.7 | -2.0 | -50.0 | 246.5 | 6.4 | -46.4 | 105.4 | 29.5 | 21.8 |
NPM NPM% | 6.0 | 3.9 | 4.8 | 4.4 | 4.3 | 2.6 | 7.2 | 6.3 | 3.1 | 5.8 | 7.3 | 8.0 |
| 5.7 | 3.9 | 5.1 | 5.1 | 5.0 | 2.5 | 9.0 | 18.3 | 5.1 | 5.2 | 13.5 | 15.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 91 | 91 | 90 | 90 | 90 | 88 | 88 | 88 | 87 | 87 | 175 |
Reserves ReservesCr | 423 | 450 | 503 | 556 | 527 | 509 | 563 | 888 | 858 | 997 | 968 |
| 207 | 187 | 160 | 124 | 253 | 259 | 265 | 306 | 386 | 393 | 414 | |
| 221 | 168 | 109 | 208 | 355 | 343 | 463 | 610 | 882 | 1,108 | 1,049 | |
| 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 | |
| 156 | 150 | 171 | 172 | 182 | 177 | 171 | 279 | 209 | 246 | 204 | |
| 785 | 747 | 691 | 806 | 1,044 | 1,022 | 1,209 | 1,613 | 2,005 | 2,340 | 2,401 | |
| 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 91 | 91 | 90 | 90 | 90 | 88 | 88 | 88 | 87 | 87 | 175 |
Reserves ReservesCr | 423 | 450 | 503 | 556 | 527 | 509 | 563 | 888 | 858 | 997 | 968 |
| 207 | 187 | 160 | 124 | 253 | 259 | 265 | 306 | 386 | 393 | 414 | |
| 221 | 168 | 109 | 208 | 355 | 343 | 463 | 610 | 882 | 1,108 | 1,049 | |
| 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 | |
| 156 | 150 | 171 | 172 | 182 | 177 | 171 | 279 | 209 | 246 | 204 | |
| 785 | 747 | 691 | 806 | 1,044 | 1,022 | 1,209 | 1,613 | 2,005 | 2,340 | 2,401 | |
| 942 | 897 | 862 | 978 | 1,225 | 1,199 | 1,380 | 1,892 | 2,214 | 2,586 | 2,605 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 264 | 198 | 205 | 192 | 257 | 272 | 371 | 318 | 424 | 555 | 654 | |
| -107 | -59 | -44 | -209 | -119 | -32 | -180 | -144 | -243 | -430 | -294 | |
| -155 | -146 | -154 | 11 | -138 | -234 | -201 | -171 | -174 | -90 | -398 | |
Net Cash Flow Net Cash FlowCr | 2 | -7 | 7 | -6 | 0 | 6 | -10 | 3 | 7 | 35 | -38 |
Free Cash Flow Free Cash FlowCr | 154 | 136 | 160 | -19 | 137 | 239 | 190 | -90 | 148 | 125 | 359 |
CFO To PAT CFO To PAT% | 253.4 | 280.9 | 222.0 | 209.1 | 285.5 | 602.7 | 237.4 | 191.6 | 476.0 | 303.3 | 276.3 |
CFO To EBITDA CFO To EBITDA% | 97.6 | 90.7 | 87.7 | 78.8 | 86.3 | 109.8 | 99.0 | 79.3 | 107.8 | 96.6 | 100.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 264 | 198 | 205 | 192 | 257 | 272 | 371 | 318 | 424 | 555 | 654 | |
| -107 | -59 | -44 | -209 | -119 | -32 | -180 | -144 | -243 | -430 | -294 | |
| -155 | -146 | -154 | 11 | -138 | -234 | -201 | -171 | -174 | -90 | -398 | |
Net Cash Flow Net Cash FlowCr | 2 | -7 | 7 | -6 | 0 | 6 | -10 | 3 | 7 | 35 | -38 |
Free Cash Flow Free Cash FlowCr | 154 | 136 | 160 | -19 | 137 | 239 | 190 | -90 | 148 | 125 | 359 |
CFO To PAT CFO To PAT% | 253.4 | 280.9 | 222.0 | 209.1 | 285.5 | 602.7 | 237.4 | 191.6 | 476.0 | 303.3 | 276.3 |
CFO To EBITDA CFO To EBITDA% | 97.6 | 90.7 | 87.7 | 78.8 | 86.3 | 109.8 | 99.0 | 79.3 | 107.8 | 96.6 | 100.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 3,383 | 2,840 | 3,472 | 2,550 | 1,389 | 2,037 | 4,367 | 5,587 | 4,779 | 4,136 | 4,088 | 5,108 |
Price To Earnings Price To Earnings | 32.5 | 40.3 | 37.5 | 27.8 | 15.4 | 45.2 | 27.3 | 17.3 | 53.8 | 22.6 | 17.3 | 19.1 |
Price To Sales Price To Sales | 2.0 | 1.6 | 1.8 | 1.2 | 0.7 | 1.2 | 2.0 | 2.1 | 1.6 | 1.3 | 1.3 | 1.5 |
Price To Book Price To Book | 6.6 | 5.3 | 5.8 | 4.0 | 2.3 | 3.4 | 6.7 | 5.7 | 5.0 | 3.8 | 3.6 | 4.5 |
EV To EBITDA EV To EBITDA | 13.0 | 13.5 | 15.0 | 10.9 | 6.0 | 9.9 | 13.1 | 15.5 | 14.7 | 9.3 | 8.0 | 9.1 |
GPM GPM% | 31.1 | 28.1 | 31.4 | 30.1 | 33.4 | 33.0 | 34.5 | 32.1 | 31.9 | 36.8 | 40.3 | 40.3 |
OPM OPM% | 15.7 | 12.1 | 12.2 | 11.6 | 14.1 | 14.0 | 17.3 | 15.2 | 13.6 | 18.2 | 20.2 | 20.4 |
NPM NPM% | 6.0 | 3.9 | 4.8 | 4.4 | 4.3 | 2.6 | 7.2 | 6.3 | 3.1 | 5.8 | 7.3 | 8.0 |
ROCE ROCE% | 27.9 | 19.5 | 22.8 | 19.5 | 13.5 | 9.9 | 20.8 | 15.2 | 10.0 | 14.9 | 18.0 | 18.0 |
ROE ROE% | 20.3 | 13.0 | 15.6 | 14.2 | 14.6 | 7.5 | 24.0 | 17.0 | 9.4 | 16.9 | 20.7 | 20.7 |
ROA ROA% | 11.1 | 7.9 | 10.7 | 9.4 | 7.4 | 3.8 | 11.3 | 8.8 | 4.0 | 7.1 | 9.1 | 9.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 3,383 | 2,840 | 3,472 | 2,550 | 1,389 | 2,037 | 4,367 | 5,587 | 4,779 | 4,136 | 4,088 | 5,108 |
Price To Earnings Price To Earnings | 32.5 | 40.3 | 37.5 | 27.8 | 15.4 | 45.2 | 27.3 | 17.3 | 53.8 | 22.6 | 17.3 | 19.1 |
Price To Sales Price To Sales | 2.0 | 1.6 | 1.8 | 1.2 | 0.7 | 1.2 | 2.0 | 2.1 | 1.6 | 1.3 | 1.3 | 1.5 |
Price To Book Price To Book | 6.6 | 5.3 | 5.8 | 4.0 | 2.3 | 3.4 | 6.7 | 5.7 | 5.0 | 3.8 | 3.6 | 4.5 |
EV To EBITDA EV To EBITDA | 13.0 | 13.5 | 15.0 | 10.9 | 6.0 | 9.9 | 13.1 | 15.5 | 14.7 | 9.3 | 8.0 | 9.1 |
GPM GPM% | 31.1 | 28.1 | 31.4 | 30.1 | 33.4 | 33.0 | 34.5 | 32.1 | 31.9 | 36.8 | 40.3 | 40.3 |
OPM OPM% | 15.7 | 12.1 | 12.2 | 11.6 | 14.1 | 14.0 | 17.3 | 15.2 | 13.6 | 18.2 | 20.2 | 20.4 |
NPM NPM% | 6.0 | 3.9 | 4.8 | 4.4 | 4.3 | 2.6 | 7.2 | 6.3 | 3.1 | 5.8 | 7.3 | 8.0 |
ROCE ROCE% | 27.9 | 19.5 | 22.8 | 19.5 | 13.5 | 9.9 | 20.8 | 15.2 | 10.0 | 14.9 | 18.0 | 18.0 |
ROE ROE% | 20.3 | 13.0 | 15.6 | 14.2 | 14.6 | 7.5 | 24.0 | 17.0 | 9.4 | 16.9 | 20.7 | 20.7 |
ROA ROA% | 11.1 | 7.9 | 10.7 | 9.4 | 7.4 | 3.8 | 11.3 | 8.8 | 4.0 | 7.1 | 9.1 | 9.1 |
Documents — VRL Logistics Ltd
Concall Transcript Summaries — VRL Logistics Ltd