VRL Logistics Limited — Investor Meet, 09-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

VRL Logistics reported Q1 FY26 PAT of Rs 50 Cr (up from Rs 13 Cr YoY) on 1% revenue growth, prioritizing profitability. Volumes declined 12% YoY due to exiting low-margin contracts, yet EBITDA margins remained robust at 21%. Management anticipates volume decline to moderate in Q2 (8-9%) and normalize from Q3, driven by festive demand and monsoons. Cost controls led to lower fuel and lorry hire expenses. Employee costs are expected to increase from Q2, impacting EBITDA margins to 18-19%. The company is leveraging its extensive network and technology, expecting a demand uptick. FY26 volumes are likely flat, with 7-8% growth projected for FY27.