VRL Logistics Limited — Investor Meet, 26-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

VRL Logistics posted Q4 revenue of INR812 Cr, up 5% YoY, led by an 18% rise in freight realization to INR7,944/ton. EBITDA jumped 74% to INR189 Cr with margins expanding to 23%. Net profit surged to INR74 Cr. Volumes dipped 9% QoQ to 1.005 million tons due to low-margin business cleanup. FY25 revenue grew 9.5% to INR3,186 Cr, with net profit doubling to INR183 Cr. Management targets 18%-20% margins and healthy volume growth, expecting recovery from Q3 FY26 as new branches mature. Price hikes of 6%-7% are planned to offset cost inflation, while capex is pegged at INR140-150 Cr mainly for vehicle upgrades. Employee cost and levies might pressure margins post Q2 FY26, but strong pricing power and controls support profitability and cash flows remain healthy.