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What is the story about?
Leading transportation and logistics company VRL Logistics Ltd on Thursday (February 5) reported a net profit of ₹64.75 crore for the third quarter, up 9% from ₹59.42 crore in the year-ago period.
The company reported total income of ₹831 crore for Q3 FY26, unchanged from ₹831 crore in Q3 FY25, impacted by volume moderation from contract restructuring and voluntary exit from low-margin business.
On a quarter-on-quarter basis, total income rose 3% from ₹804 crore in Q2 FY26, supported by improving demand through new customer additions and the return of some previously lost customer accounts.
Also Read: VRL Logistics shares to trade ex-bonus from today — All you need to know
Fuel cost for the 9-month period ended December 2025 decreased to around 25% from 28% in the same period last year. EBITDA margin remained robust at 20.9%, up 20 basis points year-on-year, driven by improved realisation, discontinuation of low-margin business, and stringent expense control. On a quarter-on-quarter basis, margin improved by 120 basis points.
The company invested ₹56 crore to acquire land and a building for setting up owned premises. Captive fuel pumps increased from seven to eight to enable higher bulk procurement and improve fuel cost efficiency. VRL Logistics plans to add around 500 HCV vehicles in CY26, with deliveries scheduled from January 2026.
As of December 2025, net debt was ₹272 crore, down from ₹470 crore in December 2024, reflecting strong cash generation and a strengthened balance sheet, which is expected to lower interest costs and improve profitability.
Also Read: VRL Logistics Q2 net profit jumps 39% to ₹50 crore on improved margins
The company’s total vehicle fleet stands at 5,745, including cranes and tankers, down 356 vehicles year-on-year and up 37 vehicles quarter-on-quarter. Vehicles scrapped totalled 571 year-on-year and 44 quarter-on-quarter, while 215 vehicles were added year-on-year and 7 vehicles quarter-on-quarter.
Total carrying capacity reached 76,648 tons, up 9,302 tons year-on-year and 636 tons quarter-on-quarter. About 80% of vehicles are debt-free, and 15% are fully depreciated and operating in optimal condition.
The board declared an interim dividend of ₹5 per equity share, with the record date to be announced separately. No incremental impact is expected from compliance with new labour codes, indicating proactive practices and an employee-friendly emolument structure.
Shares of VRL Logistics Ltd ended at ₹278.30, down by ₹4.50, or 1.59%, on the BSE.
Also Read: Here's why VRL Logistics shares surged 13% during Thursday's trading session
The company reported total income of ₹831 crore for Q3 FY26, unchanged from ₹831 crore in Q3 FY25, impacted by volume moderation from contract restructuring and voluntary exit from low-margin business.
On a quarter-on-quarter basis, total income rose 3% from ₹804 crore in Q2 FY26, supported by improving demand through new customer additions and the return of some previously lost customer accounts.
Also Read: VRL Logistics shares to trade ex-bonus from today — All you need to know
Fuel cost for the 9-month period ended December 2025 decreased to around 25% from 28% in the same period last year. EBITDA margin remained robust at 20.9%, up 20 basis points year-on-year, driven by improved realisation, discontinuation of low-margin business, and stringent expense control. On a quarter-on-quarter basis, margin improved by 120 basis points.
The company invested ₹56 crore to acquire land and a building for setting up owned premises. Captive fuel pumps increased from seven to eight to enable higher bulk procurement and improve fuel cost efficiency. VRL Logistics plans to add around 500 HCV vehicles in CY26, with deliveries scheduled from January 2026.
As of December 2025, net debt was ₹272 crore, down from ₹470 crore in December 2024, reflecting strong cash generation and a strengthened balance sheet, which is expected to lower interest costs and improve profitability.
Also Read: VRL Logistics Q2 net profit jumps 39% to ₹50 crore on improved margins
The company’s total vehicle fleet stands at 5,745, including cranes and tankers, down 356 vehicles year-on-year and up 37 vehicles quarter-on-quarter. Vehicles scrapped totalled 571 year-on-year and 44 quarter-on-quarter, while 215 vehicles were added year-on-year and 7 vehicles quarter-on-quarter.
Total carrying capacity reached 76,648 tons, up 9,302 tons year-on-year and 636 tons quarter-on-quarter. About 80% of vehicles are debt-free, and 15% are fully depreciated and operating in optimal condition.
The board declared an interim dividend of ₹5 per equity share, with the record date to be announced separately. No incremental impact is expected from compliance with new labour codes, indicating proactive practices and an employee-friendly emolument structure.
Shares of VRL Logistics Ltd ended at ₹278.30, down by ₹4.50, or 1.59%, on the BSE.
Also Read: Here's why VRL Logistics shares surged 13% during Thursday's trading session
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